Telecom firm Lumen to sell Latin America business for $2.7 billion By Syndicated Content Jul 26, 2021 | 6:46 AM (Reuters) -Telecom company Lumen Technologies said on Monday it would sell its Latin American business to private equity firm Stonepeak for $2.7 billion. The business will operate as an independent, U.S.-headquartered portfolio company of Stonepeak after the deal closes and will be led by Hector Alonso, Lumen’s president for the region. Shares of Monroe, Louisiana-based Lumen rose 2.5% to $12.95 in premarket trading. AustralianSuper, the country’s largest pension fund, is also investing in the deal. The sale is expected to close in the first half of 2022.