Lumen Technologies Inc (NYSE:LUMN)
$ 1.33 0.08 (6.4%) Market Cap: 1.35 Bil Enterprise Value: 18.65 Bil PE Ratio: 0 PB Ratio: 2.66 GF Score: 58/100
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Lumen Technologies Inc at New Street Research and BCG Fiber to the Future -- Global Infrastructure Conference Transcript

Mar 29, 2022 / 06:20PM GMT
Release Date Price: $11.33 (+1.07%)
Sumit Banerjee

Hello. My name is Sumit Banerjee. I'm a Managing Director and Partner at BCG. I'm here with Wes Gibson. Wes is the Senior Vice President of Sales and Marketing at Lumen. Wes, thank you so much for being here.

Wes Gibson

Yes. Thanks for having me.

Questions & Answers

Sumit Banerjee

So let's kind of dive into some of the questions and start the session. My first question is around your recent divestiture. Lumen recently announced a strategic divestiture of some of your ILEC properties. At the same time, you commit -- you made a major commitment of FTTH build going forward. For people who don't know much about this program, can you talk a little bit about like what is the context behind it and what your plans are?

Wes Gibson

Sure. There's really probably 3 significant things that we announced in 2021 that are worth covering here. We had 2 large divestiture announcements and then the mass market fiber expansion plan, which I'm sure we'll get into in more detail here.

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