image for Lumen sells LatAm network to Stonepeak for $2.7bn
In recent months, Lumen, formerly CenturyLink, has been seeking to divest itself of various assets in an attempt to pay down its debt. In fact, earlier this month the company was rumoured to be in talks with Apollo Management Global over the potential $5 billion sale of its consumer operations in the US. Now, furthering this strategy, Lumen has announced the sale of its Latin American business to investment firm Stonepeak for around $2…

read more on »

Other news