Lumen Technologies recently announced two major business divestitures that could earn them $ 10 billion in revenue and help the company refocus its strategy. In the first sale, Lumen’s Latin American operations are sold to investment firm Stonepeak for $ 2.7 billion and in the second, even larger sale, the operations of the company’s local incumbent. telecommunications in 20 states are going to Apollo Funds for $ 7.5 billion.

In this 11-minute podcast, Jack Deal, one of TC2’s CEOs, and LB3 partner Laura McDonald, chat with TC2’s Joe Schmidt about what these asset disposals mean and speculate on how the companies could benefit from the new Lumen.

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Originally published August 5, 2021.

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