#5: Lumen Sells ILEC Business/New Channel Chief
In a mega deal worth $7.5 billion, Lumen (formerly CenturyLink) sold a large portion of its ILEC operations to Apollo Global Management. See this as Lumen doubling down on, in the company’s words, its “core enterprise business.”
Apollo got fiber and copper networks, tower site connectivity and central offices in 20 states as part of the deal.
We thought this would be a great topic of conversation with Dave Young, Lumen’s newly minted channel chief. We polled him on that, plus changes the Lumen channel program structure and much more, despite him just being a couple of weeks on the new job.
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