Lumen shifts to fiber network focus with $13.5B contracts, targeting EBITDA growth by 2026 and cost savings.

Lumen is transitioning from a declining telecom company to a fiber-focused network business, with Strategic Services now generating 55% of revenue and growing about 10% annually. The company secured over $13.5 billion in pre-paid fiber expansion contracts with hyperscaler customers, allowing network growth without new debt and improving margins. Management expects EBITDA to stabilize by the end of 2026, revenue growth by 2028, and aims for mid-30% EBITDA margins by 2030, alongside $1 billion in annual cost savings. Despite current losses and high debt, Lumen is rated a Buy due to favorable risk/reward if targets are met.

Lumen Technologies shares are trading at USD 4.21 on Pluang, showing a modest gain of 0.96% in the last day. The stock's market cap stands at $4.30 billion, with a typical hold time of 40 days among investors. These figures are current as of Nov 13, 2026, 18:31 WIB.