Lumen Technologies Launches Sale of Consumer Fiber Unit: Reuters

Lumen Technologies has launched a sale process for its consumer fiber operations, Reuters reports, citing unidentified people familiar with the matter.

• Lumen is working with Goldman Sachs to gauge interest for the business from potential buyers that include industry rivals
• Depending on what pieces of the fiber unit Lumen chooses to sell and how a deal is structured, the transaction could be valued at $6b to $9b
• Lumen could also choose to sell a stake in the fiber unit or sign a joint-venture deal with a strategic partner
• Talks are at an early stage and a deal is not ...