Lumen Closes $7.5B Deal With Apollo
Lumen closed its $7.5 billion sale of its ILEC assets in 20 states to Apollo's Brightspeed, Lumen announced Monday. It's "an important step in realizing long-term shareholder value while focusing our portfolio on the strongest growth opportunities," said Lumen CEO…
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Jeff Storey. The FCC approved the deal in August (see 2208220049).