Why Recessions Forge Great CEOs Who Think Beyond Cost-Cutting
04/15/2025
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But the CEOs who make history in downturns aren’t the ones with the deepest cuts
Lumen Technologies (formerly CenturyLink) has announced that it will sell a select number of its content delivery network (CDN) customer contracts to Akamai Technologies. The deal is expected to close in the fourth quarter of 2023.
The terms of the deal were not disclosed, but Lumen said it will continue to invest in its CDN business and serve the majority of its CDN customers. Akamai is a leading provider of CDN services, and acquiring the Lumen contracts will expand its reach and capabilities.
The sale of the CDN contracts is part of Lumen’s broader strategy to focus on its core business areas, which include enterprise networking and edge computing. The company has been divesting non-core assets in recent years, and the sale of the CDN contracts is the latest in this trend.
The acquisition of the Lumen contracts is a positive development for Akamai. It will allow the company to expand its customer base and gain access to new markets. It will also strengthen Akamai’s position as a leading provider of CDN services.
The deal is also good for Lumen. It will allow the company to focus on its core business areas and free up resources for investment in those areas. It will also allow Lumen to reduce its debt.
Lumen Technologies has announced that it will sell a select number of its content delivery network (CDN) customer contracts to Akamai Technologies. The deal is expected to close in the fourth quarter of 2023.
The sale of the CDN contracts is part of Lumen’s broader strategy to focus on its core business areas, which include enterprise networking and edge computing. The acquisition of the Lumen contracts is a positive development for Akamai, as it will allow the company to expand its customer base and gain access to new markets.
But the CEOs who make history in downturns aren’t the ones with the deepest cuts
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But the CEOs who make history in downturns aren’t the ones with the deepest cuts
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