Lumen Launches Custom Networks Division to Meet New Demand
Denver, August 5, 2024 April 18, 2019 /PRNewswire/ — Lumen Technologies, Inc. (NYSE:LUMN) today announced $5 billion We are seeing new business growth driven by the massive demand for AI connectivity. Large enterprises across industries are quickly looking to secure fiber capacity as the surge in AI demand makes this resource more valuable and potentially maxed out. Additionally, Lumen is actively in discussions with customers to secure additional fiber capacity. $7 billion Increase sales opportunities to meet growing customer demand.
Lumen’s Private Connectivity Fabric℠ is a custom network that includes dedicated access to existing fiber in the Lumen network, the installation of new fiber on existing and new routes, and the use of Lumen’s new digital services. This is for illustrative purposes only and does not represent actual routes.
Lumen’s Private Connectivity Fabric℠ is a custom network that includes dedicated access to existing fiber in the Lumen network, the installation of new fiber on existing and new routes, and the use of Lumen’s new digital services. This is for illustrative purposes only and does not represent actual routes.
To meet this massive demand, including a recent announcement from Microsoft, Lumen will more than double its intercity network miles over the next five years, providing access to massive amounts of dark fiber. Additionally, Lumen has signed an agreement with Corning as its preferred partner for next-generation, fiber-dense cable, helping to keep up with the increased data processing required for AI.
“The AI economy is transforming how business operates, and companies know they need a powerful network infrastructure to manage today’s unprecedented data flows and the demands of the future,” said David Schneider, president and CEO of NVIDIA. Kate Johnson“Our partners rely on us because of our AI-enabled infrastructure and scalable network,” said John McClellan, president and CEO of Lumen Technologies. “This is just the beginning of a huge opportunity for Lumen that will lead to the biggest expansion in the history of the Internet.”
Lumen has launched a new Custom Networking division to manage its portfolio of Private Connectivity Fabric℠ solutions and address additional interest from hyperscalers and other large organizations. The division offers customized networking solutions, including dark fiber, custom fiber routes and digital services to securely connect enterprise data centers to protect data and support AI-intensive workloads. Lumen will also operate and maintain the network as part of its services.
Forward-Looking Statements
Except for the historical and factual information contained herein, the matters set forth in this release and our other oral or written statements (including statements regarding opportunities for our Private Connectivity Fabric business, other revenue-generating opportunities, future sales and operations, future events, business outlook, priorities, sales and business growth, demand for products and services, and potential future transactions, which may be identified by words such as “will,” “estimates,” “expects,” “plans,” “may” and similar words) are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, risks that the Company will not reach agreements regarding such opportunities or transactions on the expected time frames or on the terms expected, or at all, that the proceeds from such opportunities or transactions may be less than our current expectations or that obligations related to such opportunities may be more significant than our current expectations, future transactions may be subject to conditions that may not be satisfied within the expected time frames or at all, and such opportunities or transactions may not be timely or at all. Many of these risks, uncertainties and assumptions are beyond our control. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual events or results may vary materially from those anticipated, estimated or projected. Undue reliance should not be placed on these forward-looking statements, which speak only as of the date they are made. Except as required by law, we are under no obligation, and expressly disclaim any such obligation, to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.
About Lumen Technologies
Lumen connects the world. We power business growth by connecting people, data and applications quickly, securely and simply. Everything we do at Lumen leverages the strength of our network. From metro connectivity to long-haul data transport, edge cloud, security and managed service capabilities, we meet our customers’ needs today and as they build for the future. For news and insights, visit news.lumen.com, LinkedIn: /lumentechnologies, Twitter: @lumentechnologies, Facebook: /lumentechnologies, Instagram: @lumentechnologies and YouTube: /lumentechnologies.
SOURCE Lumen Technologies
