From the C-Suite: Insights and Advice from Corporate Leaders
11/20/2024
No Comments
Corporate leaders occupy a unique vantage point in the business world, offering insights and guidance shaped by their …
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.
Corporate leaders occupy a unique vantage point in the business world, offering insights and guidance shaped by their …
Corporate leaders today stand at the nexus of unprecedented technological evolution, where digital transformation reshapes industries and redefines …
Corporate leaders stand at the helm of their organizations, often tasked with making decisions that can steer their companies toward …
Corporate leaders are often tested by crises that threaten the very foundation of their organizations. How do these leaders navigate turbulent …
In the vast and often tumultuous seas of corporate leadership, have you ever wondered how some captains …
In the high-stakes game of corporate leadership, where every decision reverberates through the echelons ….
Corporate leaders occupy a unique vantage point in the business world, offering insights and guidance shaped by their …
The United Kingdom’s economy has experienced a disappointing period of stagnation, contracting by 0.1% in September. This contraction …
Appaloosa Management, a prominent hedge fund led by billionaire investor David Tepper, significantly increased its stake …
The e-commerce giant Amazon has introduced a new discount store offering a wide range of products priced under $20. This …
Leave us a message
Subscribe
Fill the form our team will contact you
Advertise with us
Fill the form our team will contact you
