Telecom firm Lumen to sell Latin America business for $2.7 bln 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. Reuters | Updated: 26-07-2021 17:40 IST | Created: 26-07-2021 17:11 IST Representative Image Image Credit: Pixabay Country: SHARE Telecom company Lumen Technologies said on Monday it would sell its LatinAmerican 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.