Feb. 2 at 3:39 PM
🔌
$LUMN jumps on a
$5.75B cash deal with
$T
Lumen shares popped 7%+ after closing the sale of its consumer fiber business to
$T (AT&T), officially pivoting away from retail broadband toward enterprise infrastructure.
💸 Balance sheet reset
About
$4.8B of proceeds will retire super-priority debt, cutting annual interest costs by ~
$300M and pushing total debt below
$13B with leverage under 4x EBITDA.
🧠 Pure-play enterprise + AI fiber
Lumen keeps its national fiber backbone and is doubling down on enterprise, cloud, and AI connectivity, targeting growth from 17M to 47M intercity fiber miles by 2028 to support GPU-heavy workloads.
📊 Momentum strong, guidance next
$LUMN is up ~90% YoY, but with earnings on Feb 3, investors want proof the post-deal strategy can deliver.
