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.
The old prestige pyramid—where Ivy League degrees and blue-chip consulting backgrounds paved the way to the CEO seat—is cracking.
Loud leaders once ruled the boardroom. Charisma was currency. Big talk drove big valuations.
But the CEOs who make history in downturns aren’t the ones with the deepest cuts
Companies invest millions in leadership development, yet many of their best executives leave within a few years. Why?
The most successful business leaders don’t just identify gaps in the market; they anticipate future needs before anyone else.
With technological advancements, shifting consumer expectations, and global interconnectedness, the role of business leaders
May 28, 2025: SpaceX’s latest Starship test flight, conducted on May 27, 2025, ended in failure when the spacecraft’s upper stage broke apart during its descent over the Indian Ocean.
May 27, 2025: Greek Coastguards Charged Over 2023 Pylos Migrant Shipwreck That Killed Hundreds
May 27, 2025: Volvo to Cut 3,000 Jobs in Europe as Part of $1.9B Restructuring Amid EV Slowdown and Tariff Pressures.
The old prestige pyramid—where Ivy League degrees and blue-chip consulting backgrounds paved the way to the CEO seat—is cracking.
Leave us a message
Subscribe
Fill the form our team will contact you
Advertise with us
Fill the form our team will contact you
