Lumen Technologies CEO: ‘We’re Not Satisfied’ And Are Focused On Growth
The service provider’s revenues declined across the business and Lumen is ‘open’ to selling off non-core assets as it relies on fiber and the cloud-based Lumen platform for future growth, said CEO Jeff Storey during the Q1 2021 earnings call. By Gina Narcisi May 05, 2021, 07:14 PM EDT
Lumen Technologies, formerly known as CenturyLink, has been hit hard by the COVID-19 pandemic and has a “strong sense of urgency to drive growth,” according to Jeff Storey, Lumen’s president and CEO.
The service provider is heavily investing in its core assets, including fiber, edge computing, and the cloud-based Lumen platform, which brings together global networking, cloud edge computing, security expertise and collaboration services, as ways to drive long-term growth and success, Storey said during the company‘s Q1 2021 earnings call on Wednesday evening.
Lumen Technologies Looks To The Network Edge As Enterprise, SMB Sales Slip
Formerly CenturyLink, Lumen Technologies is investing heavily on edge computing and next-generation networking services. The carrier is also eliminating its SMB reporting segment and breaking its enterprise segment out to include a midmarket enterprise and large enterprise segment. By Gina Narcisi February 10, 2021, 06:50 PM EST
Lumen Technologies, formerly known as CenturyLink, is looking to its cloud-based platform to support edge networking and next-generation applications as a big driver of the company’s aspirational growth.
The carrier spent the last several years building out the Lumen platform, which brings together global networking, cloud edge computing, security expertise and collaboration services, and now it’s time to deliver to its customers, especially as businesses grapple with new working environments and an influx of data, according to Jeff Storey,
Company
Lumen Technologies, Inc., formerly CenturyLink, Inc., is an integrated communications company. The Company is engaged in providing an array of communications services to its residential and business customers. The Company operates five segments; International and Global Accounts Management (IGAM), Enterprise Segment, Small and Medium Business (SMB), Wholesale Segment and Consumer Segment. The Company provides.