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Lumen Technologies reports fourth quarter 2022 results
Fourth Quarter 2022 Highlights Appointed Kate Johnson as president, chief executive officer, and a member of the company’s Board of Directors Completed the $7.5 billion divestiture of its 20-state ILEC business to Apollo on Oct. 3 Announced an exclusive arrangement for the proposed sale of its EMEA business to Colt Technology Services for $1.8 billion Repurchased 33 million shares of common stock for a total purchase price of $200 million Reported Net Loss of $(3.069) billion for the fourth quarter 2022, which included a non-cash goodwill impairment charge of $3.271 billion, compared to reported Net Income of $508 million for the fourth quarter 2021 Reported diluted loss per share of ($3.08)…
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Lumen Reshaping Executive Leadership Team to Drive Simplification, Customer Obsession
Alterations position the enterprise for advancement and results DENVER, Feb. 2, 2023 /PRNewswire/ — To provide buyers superior and very best position the company for development, Lumen Technologies (NYSE: LUMN) is producing changes to its govt leadership group over the coming weeks. Sham Chotai has been named Govt Vice President, Product or service and Technologies, and Jay Barrows, Govt Vice President, Business Sales and General public Sector. Also, Ashley Haynes-Gaspar will increase the company’s promoting organization to her duties and presume the title of Government Vice President, Client Practical experience Officer, Wholesale, and Worldwide. Sham Chotai Jay Barrows “Lumen is concentrated on turning into shopper obsessed, fast innovating valuable options, and…
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