Lot of moving parts here. Lots of news, and financials just reported. Some great, some not so great.
Subsequent Events
Capital Allocation Update
Eliminated stock dividend, there will be no dividend paid in the fourth quarter of 2022
Authorized an up to $1.5 billion, two-year share repurchase program
Investing in growth initiatives while remaining relatively net leverage neutral
Announced today that it had entered into an exclusive arrangement for the proposed sale of its EMEA business to Colt Technology Services for $1.8 billion
Completed the $7.5 billion divestiture of its 20-state ILEC business to Apollo on Oct. 3
DENVER, Nov. 2, 2022 /PRNewswire/ -- Lumen Technologies, Inc. (NYSE: LUMN) reported results for the third quarter ended Sept. 30, 2022.
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