Will Lumen Technologies' Asset Sale Spark a Recovery in Its Stock?

Lumen Technologies (NYSE: LUMN) has announced the sale of its mass-market fiber business to AT&T for $5.75 billion, marking a significant shift in its strategy. This transaction follows Lumen’s partnership with Microsoft to enhance connectivity among its data centers and agreements to provide similar services to Amazon and Meta Platforms, indicating a pivot towards business services rather than consumer markets. Investors are left to ponder whether this deal will positively impact Lumen’s stock performance in the long term.

Full Article