Lumen (LUMN) Technologies has initiated a process to sell its consumer fiber business, as the company eyes phasing out its legacy mass markets business and cutting its large debt pile, Reuters’ Milana Vinn reports, citing people familiar with the matter. Potential suitors for the business could include industry rivals, the author says, citing sources.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
