![]() ![]() IP and Data Services is the biggest Enterprise product category, with 48% of Q4 '21 revenue. Overall, however, Mass Market revenue 21 revenue declined 1.9% sequentially, 7.3% vs. LUMN added 29,000 Quantum Fiber customers during Q4 '21, up from 25,000 in Q4 '20. Mass Markets fiber broadband revenue grew 22% year-over-year in Q4 '21. ![]() Q4 '21, an improvement over the 7% year-over-year decline in Q3 '21. Mid-Market Enterprise revenue was ~flat in Q4 '21, but had the largest decline, 7.1%, vs. Normalizing for this sale, Large Enterprise declined 0.3% vs. The sale of this business impacted Large Enterprise revenue by about $7 million in the fourth quarter. LUMN sold the remainder of its correctional facilities communication services business in Q4 '21. iGAM revenue declined 0.2% sequentially and 1.5% on a year-over-year basis. December was the highest sales month LUMN has had in this area in several years.īusiness revenue declined 0.4% sequentially in Q4 '2, and 4.7% to $3.494 billion on a year-over-year basis. Sales within North America Enterprise, which do not include the public sector, were up both sequentially and year-over-year. Overall, LUMN's Q4 '21 Enterprise sales channel was ~flat vs. As part of this solution, it'll deliver secure remote access, managed data, contact center and cloud connectivity solutions to more than 10,000 USDA locations across the country and abroad. LUMN recently announced $1.2B network services contract win for the U.S. LUMN also had $354M in cash at the end of Q4 '21. Its credit revolver matures in 2025, and had $2B in availability, as of 12/31/21. It stood at $27.43B, as of 12/31/21.įalling debt and lower rates have also put a nice dent in LUMN's Interest expense, which fell 6% in Q4 '21, 8% in 2021 vs. It was 17% lower by the end of 2020, and has fallen another 6.7% in 2021. ![]() The debt load stood at $35B-plus in 2018, and they've continue to whittle it down since then. Management cut the quarterly dividend in Q1 '19, from $.54 to $.25, in order to devote more cash flow to paying down debt. LUMN also has a large debt load, which management has been paying down over the past 2.5 years. Both deals are expected to close in 2022. On August 3, 2021, Lumen and certain of its subsidiaries agreed to divest a substantial portion of their incumbent local exchange business in exchange for $7.5B. On July 25, 2021, affiliates of Level 3 Parent, LLC, an indirect wholly-owned subsidiary of Lumen, agreed to divest their Latin American business in exchange for $2.7B cash. The company also offers transport and infrastructure services comprising high bandwidth optical networks unlit optical fiber networks, and related professional and management services private line services, a direct circuit or channel specifically dedicated for connecting two or more organizational sites colocation and data center services. It offers IP and data services, including VPN data network, Ethernet, internet protocol, and content delivery services. LUMN provides various communications services to residential, business, wholesale, and governmental customers in the US and internationally. Management has invested in fiber cable assets, as a part of this transition, and has entered the data center business. It has been transitioning into data services over the past few years, in order to battle landline attrition. Traditional telecoms have had to diversify their offerings into other sub-industries and technologies in order to survive.įormerly known as CenturyLink, a legacy telecom, Lumen Technologies ( NYSE: LUMN ) is a good example of this. Today's Telecoms are much different than those of the past, when the industry was much simpler. ![]()
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