Lumen Technologies Reaffirms EBITDA Outlook and Projects $1B-$1.5B Copper Proceeds
Lumen Technologies (LUMN) reported a strong operating quarter, with CEO Kathleen Johnson highlighting a structural shift in network capacity demand driven by artificial intelligence. The company noted that AI is fundamentally altering traditional networking models, leading to increased requirements for high-capacity infrastructure. Financially, Lumen reaffirmed its adjusted EBITDA outlook of $3.1 billion to $3.3 billion. Additionally, the company outlined a strategic plan to generate between $1 billion and $1.5 billion in pretax net proceeds from its copper assets over the next five years.
Tickers: $LUMN
Topics: AI demand earnings report network capacity telecommunications