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Lumen sheds $1.8bn EMEA digital infrastructure business

New owner of the regional assets that include terrestrial and subsea networks, data centres and network equipment expects the M&A deal to close in late 2023.

By João Marques Lima

Founder and Editor, The Tech Capital

4 Mins

November 02, 2022 | 10:53 PM GMT

Lumen sheds $1.8bn EMEA digital infrastructure business

Keri Gilder, CEO, Colt Technology Services. Source: Colt

The Tech Capital

Lumen Technologies (NYSE: LUMN) and Colt Technology Services (Colt) have entered into an exclusive arrangement for the proposed sale of Lumen's Europe, Middle East and Africa (EMEA) business to Colt for US$1.8 billion.

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João Marques Lima

Founder and Editor, The Tech Capital

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