Lumen Technologies (LUMN) Corporate presentation summary

Strategy and positioning

• Strategy shifts from turnaround to growth through physical network expansion, programmable digital services, a connected technology ecosystem, and business optimization.

• Purpose is to unleash the world's AI potential; customer proposition centers on fast, secure, effortless connectivity for people, data, and applications.

• Long-term vision is ubiquitous enterprise connectivity delivered digitally and on demand, with high-bandwidth, low-latency, secure, resilient fiber solutions.

• Customer segments include large enterprise, midsize business, public sector, and wholesale, with services spanning fiber, cloud connectivity, and mission-critical networks.

Network and digital services

• Network expansion targets 49 new Rapid Routes, 18 expanded-capacity routes, 35 gateways, and 248 wire centers; 400G capacity is planned on key routes.

• Cloud and AI on-ramps are planned to reach 139 data centers in 28 markets, with 90% coverage by end-2026; these are planned performance targets, not guarantees.

• Network-as-a-Service replaces a 20–30-day average service-modification cycle with on-demand activation in minutes, using one port for multiple services.

• Physical infrastructure includes 58M projected intercity fiber miles by YE2031 and 19M metro fiber miles as of September 30, 2026.

Financial transformation and investment

• Modernization and simplification savings exceeded $400M at FY25 exit versus a $250M initial goal; exit run-rate target is $700M+ for 2026 and $1B+ for 2027.

• Savings initiatives include ~90 real estate site exits, ~90 switch decommissions, 4,500+ DSLAMs streamlined, ~50 mainframe apps retired, and 300+ apps migrated to cloud.

• Capital-structure actions reduced debt by ~$5.5B, completed $11B of refinancing across six transactions, and generated ~$200M in annual interest savings.

• Further priorities include continued deleveraging, a 3x–3.5x net debt/aEBITDA target, maturity extensions, ratings upgrades, and a lower cost of capital.