Lumen CFO expects up to $1.5 billion from legacy copper amid pivot to AI connectivity | Fortune
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Lumen Technologies CFO Chris Stansbury said the company expects to generate $1.2 billion to $1.5 billion from its legacy copper business as it shifts focus toward AI-driven connectivity. The disclosure came as Lumen continues to reposition its network assets around fiber and AI infrastructure demand. The copper proceeds would provide additional capital to fund that pivot. Investors will watch how quickly Lumen monetizes the remaining copper assets and whether the AI connectivity strategy translates into revenue growth.
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Lumen Technologies, Sheryl Estrada