NYSE:LUMNTelecom
Lumen’s Alkira Deal Shifts Focus Toward Cloud Growth And Valuation Risk
Lumen Technologies (NYSE:LUMN) announced the acquisition of Alkira, a cloud-native networking platform provider.
The transaction is intended to accelerate Lumen's digital platform strategy and expand its cloud and networking capabilities.
The deal marks a shift in focus toward growth initiatives beyond Lumen's legacy telecom services.
Lumen Technologies operates as a communications and digital infrastructure company, and this move directs more of its focus toward cloud networking and...