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Lumen Technologies Lines Up a Big Asset Sale

·4 min read
Lumen Technologies Lines Up a Big Asset Sale
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Recently, Lumen Technologies' (NYSE: LUMN) management indicated a strong interest in consummating strategic asset sales to accelerate its debt reduction efforts. Earlier this month, a Bloomberg report indicated that Lumen was negotiating the possible sale of a significant part of its domestic consumer operations to Apollo Global for upwards of $5 billion. On Monday, Lumen did announce a big asset sale agreement.