Lumen Technologies to acquire Alkira for $475 million

The all-cash deal pairs Alkira's cloud-native software with Lumen's fiber network to target a $70 billion addressable market ...

Lumen beats quarterly revenue estimates, to acquire Alkira for $475 million

Digital networking services company Lumen Technologies beat Wall Street estimates for first-quarter revenue on Tuesday and announced it would buy ​networking platform Alkira for $475 million in cash.
SDxCentral

Lumen splashes $475M on Alkira to become the one network to rule them all

Lumen Technologies capped off a quarter where revenues languished with news it plans to acquire Alkira to push into east-west connectivity. The firm’s first fiscal quarter (Q1) of 2026 results saw ...
24/7 Wall St

Verizon Posts $5 Billion Profit While Lumen Loses $621 Million Chasing AI Infrastructure

Lumen Technologies (LUMN) posted a $621M net loss in Q3 while Verizon (VZ) earned $5.06B. Lumen closed $1B in AI infrastructure deals targeting enterprise workloads. Lumen missed revenue estimates at ...
The Motley Fool

Will Lumen Technologies' Asset Sale Spark a Recovery in Its Stock?

Lumen will sell its mass markets fiber business to AT&T for $5.75 billion. The telecom will likely use the proceeds to reduce debt and invest in its network. The question for investors is whether that ...