24/7 Market News- Lumen Technologies Secures $5 B in New Business on Internet Expansion and AI Demand
DENVER, Colo., Aug 06, 2024 (247marketnews.com)- Lumen Technologies (NYSE: LUMN) reported that it generated $5 billion in new business driven by major demand for connectivity fueled by AI, as large companies in various industries are looking to quickly secure fiber capacity.
Additionally, Lumen is negotiating with customers to secure another $7 billion in sales opportunities to meet the increased customer demand.
The president and CEO of Lumen Technologies, Kate Johnson, commented, “The AI economy is changing business operations, and companies are recognizing they need powerful network infrastructure to manage the unprecedented data flows today and the demand in the future.
“Our partners are turning to us because of our AI-ready infrastructure and expansive network. This is just the beginning of a significant opportunity for Lumen, one that will lead to one of the largest expansions of the internet ever.”
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