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Stonepeak’s $2.7bn LATAM digital infrastructure takeover completes as Lumen exits Cirion

AustralianSuper, Australia’s largest pension fund, has invested alongside Stonepeak in the transaction.

By João Marques Lima

Founder and Editor, The Tech Capital

3 Mins

August 01, 2022 | 10:59 PM BST

Stonepeak’s $2.7bn LATAM digital infrastructure takeover completes as Lumen exits Cirion

Lumen's LATAM Regional President, Facundo Castro, who is now the new CEO of Cirion. Source: Cirion

Lumen Technologies (NYSE: LUMN) has officially closed the sale of its Latin American operations to alternative investment firm Stonepeak for US$2.7 billion cash.

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João Marques Lima

Founder and Editor, The Tech Capital

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