Thread regarding Lumen Technologies layoffs

4 more states gone

Wonder what will be left when they are done selling:
https://www.fiercetelecom.com/telecom/lumen-rumored-seek-buyer-assets-4-states

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| 2220 views | | 11 replies (last )
Post ID: @OP+1jNIaA7g

11 replies (most recent on top)

No one will buy Montana. Good luck with Project Yellowstone. Can't sell what no one wants to buy. And no one is buying copper.

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Post ID: @Lgtf+1jNIaA7g

All states are regulated by a PUC agency for each state, plain as simple. Lumen is trying and will get out the residential, small business. Their real focus is selling their fiber footprint per sources, cable operators will provide faster speeds where traditional bell companies can't. Docsis 4.0 is coming !!!! Fiber is getting to expensive to implement in brownfield areas and the budget for Greenfield is almost no existing per my SRO. Scary times at Lumen, get your paycheck and get out. Company is not looking to implement VSPP its all company discretion, no vspp since Sept/2021, rumor is they are trying to increase your productivity making it harder to reach your numbers. Total mess I say , what a total shame, so much management turnover in Phoenix. Shame on you inept Lumen field management, shame on you.

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Post ID: @6kij+1jNIaA7g

So are any of the 4 states deregulated?

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Post ID: @5bze+1jNIaA7g

If Montana is deregulated then why am I constantly dealing with PUC complaints?

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Post ID: @4dkg+1jNIaA7g

The 4 states that are being shopped around are deregulated.

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Post ID: @3wjz+1jNIaA7g

As long as copper services are regulated.
Lumen will continue chopping them away.

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Post ID: @3xza+1jNIaA7g

"we’re going to continue to manage those assets for cash.”

I guess that means they're going to continue to let the less populated areas rot away.

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Post ID: @1cpd+1jNIaA7g

Quote from Article:

Speaking at an investor conference earlier this week, Lumen CFO Chris Stansbury said “I think we’re getting close to the point where the big chunks of assets that we feel are less strategic are being addressed with the EMEA arrangement,” adding “the big pruning has been done.”

However, he said it’s evaluating assets which sit in its so-called Harvest bucket of products to see if there are any “that we can realize good value [from] by selling. And if there are, if there’s a market for that where somebody’s willing to pay for it, then we’d be interested in selling it.” He concluded “if there’s not, then we’re going to continue to manage those assets for cash.”

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Post ID: @1qyw+1jNIaA7g

no significant revenue in those rural states but lots of regulated copper to maintain and upgrade

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Post ID: @1wug+1jNIaA7g

Just a rumor. I'm excited because I'm in one of the states mentioned.

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Post ID: @1kdw+1jNIaA7g

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