Jul 27, 2021 11:11am
Unlike Lumen’s U.S. business, the company’s EMEA operation does not include a consumer segment, focusing instead on enterprise and wholesale offerings. (Lumen)
Lumen Technologies just inked a $2.7 billion deal to sell its Latin America assets to investment firm Stonepeak in a move designed to free up capital to pursue key growth areas. And moving forward, it looks like Europe will be near the top of its list of investment priorities.
Laurinda Pang, Lumen president of global customer success, told Fierce the company hasn’t fully mapped out how it will apply the proceeds from the sale but noted generally they will be used to “give us flexibility and invest or accelerate some investments in growth areas.”
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