Lumen Technologies is on track to restore revenue gains by 2030 by shifting to growth products and divesting noncore assets. Bloomberg Intelligence notes that the company recently announced the sale of the Mass Markets fiber unit to AT&T for $5.75 billion in cash. It's also building new fiber routes for hyper-scaler cloud providers and social-media companies for AI traffic between data centers. It aims to tap other high-growth segments like edge compute and security to restore top-line growth, though the enterprise segment could inflect earlier. Lumen is carefully managing capex and seeks to eliminate $1 billion in costs by year-end 2027 to maximize free cash flow. 
Chris Stansbury, the company's Chief Financial Officer, breaks down Lumen's path back to growth also details the firm's recent $200 million deal to source AI software from Palantir Technologies. Chris speaks with Carol Massar, Tim Stenovec and Bloomberg News Senior Editor Nina Trentmann on Bloomberg Businessweek Daily.

Lumen Technologies is on track to restore revenue gains by 2030 by shifting to growth products and divesting noncore assets. Bloomberg Intelligence notes that the company recently announced the sale of the Mass Markets fiber unit to AT&amp;T for $5.75 billion in cash. It's also building new fiber routes for hyper-scaler cloud providers and social-media companies for AI traffic between data centers. It aims to tap other high-growth segments like edge compute and security to restore top-line growth, though the enterprise segment could inflect earlier. Lumen is carefully managing capex and seeks to eliminate $1 billion in costs by year-end 2027 to maximize free cash flow. Chris Stansbury, the company's Chief Financial Officer, breaks down Lumen's path back to growth also details the firm's recent $200 million deal to source AI software from Palantir Technologies. Chris speaks with Carol Massar, Tim Stenovec and Bloomberg News Senior Editor Nina Trentmann on Bloomberg Businessweek Daily.

Carol Massar and Tim Stenovec bring you reporting from the magazine that helps global leaders stay ahead, plus insight on the people, companies and trends shaping today's complex economy.  Watch us LIVE on YouTube: http://bit.ly/3vTiACF.

Carol Massar and Tim Stenovec bring you reporting from the magazine that helps global leaders stay ahead, plus insight on the people, companies and trends shaping today's complex economy.&nbsp; Watch us LIVE on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.

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Lumen Inks Palantir Deal as Growth Strategy Takes Hold

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