Monetization of non-core product
lines, such as CDN contracts, allows Lumen to focus
on strategic priorities
DENVER, Oct. 10, 2023 /PRNewswire/ -- Lumen Technologies
(NYSE: LUMN) today announced the company has completed the sale of
select Content Delivery Network (CDN) service contracts, to
Akamai Technologies, Inc.
"We are deep into our transformation of Lumen and much of our
core work involves simplification of our business," said
Bob McCarthy, Lumen Senior Vice
President, Business Development. "The sale
of select Lumen CDN service contracts enables us to
apply even more focus on disrupting the telecommunications industry
by cloudifying our network, enhancing our Quantum Fiber offering
and bringing amazing new solutions to market."
Lumen and Akamai will operate under a transition services
agreement for 90 days, after which time Lumen plans to wind down
its content delivery services. However, customers can immediately
begin working with Akamai for all their CDN needs.
About Lumen Technologies:
Lumen connects the world. We
are dedicated to furthering human progress through technology by
connecting people, data, and applications – quickly, securely, and
effortlessly. Everything we do at Lumen takes advantage of our
network strength. From metro connectivity to long-haul data
transport to our edge cloud, security, and managed service
capabilities, we meet our customers' needs today and as they build
for tomorrow. For news and insights visit news.lumen.com, LinkedIn:
/lumentechnologies, Twitter: @lumentechco, Facebook:
/lumentechnologies, Instagram: @lumentechnologies, and YouTube:
/lumentechnologies.
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SOURCE Lumen Technologies