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Lumen Technologies names former Sabre CLO as next legal head

Lumen Technologies names former Sabre CLO as next legal head
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Telecom firm Lumen to sell Latin America business for $2 7 bln

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.

Telecom firm Lumen to sell Latin America business for $2 7 billion

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.

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