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Lumen Technologies: Closer Than Ever to a $10.2 Billion Windfall

·3 min read
Lumen Technologies: Closer Than Ever to a $10.2 Billion Windfall
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One year ago, Lumen Technologies (NYSE: LUMN) announced a $2.7 billion deal to sell its Latin American operations to alternative investment firm Stonepeak. Recently, both of these proposed asset sales achieved key regulatory milestones. During Lumen's first-quarter earnings call two months ago, CEO Jeff Storey said that the Stonepeak deal was on track to close in the early part of the third quarter -- perhaps as soon as July 1.