Lumen secures $5B in new AI-driven connectivity contracts; potential for additional $7B sales

Lumen Technologies, Inc.

$5B in new Private Connectivity Fabric solutions sold; another $7B in active discussions.
Company will more than double intercity network miles over 5 years; creates Custom Networks division.
Secured agreement with Corning as preferred partner for next-gen fiber-dense cable.
CEO Kate Johnson calls this 'one of the largest expansions of the internet ever'.
Majority of cash from sales expected over 3-4 years; upfront capex and opex also front-loaded.

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