The need for high-speed internet has become an essential necessity for most of the world’s population. And the complaints by consumers that their broadband speeds are not fast enough is universal. One would think a company that owns and is building out high-speed fiber products would make a great investment, but that has not been the case for Lumen Technologies Inc. (NYSE:LUMN). The facilities-based technology and communications company provides broadband, fiber, cloud services, IT solutions, unified communication and collaboration solutions, colocation and data center services, content delivery services and managed security services. The intrinsic value of LUMN The company also provides fiber infrastructure services, comprising high bandwidth optical wavelength networks and unlit optical fiber. As of the end of 2022, Lumen served approximately 3.1 million broadband subscribers. Formerly known as CenturyLink, the company changed its name to Lumen Technologies in September 2020. It was founded in 1968 and currently has a market capitalization of $4 billion. Recent news The company has historically carried high levels of debt and has been attempting to delever the balance sheet in recent years. In October, it closed on the sale of its local carrier operations for $7.5 billion and in November, announced the […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
