- CenturyLink Inc (NYSE: CTL) announced today that it is rebranding to Lumen. These are the details.
CenturyLink Inc (NYSE: CTL) announced today that it is rebranding to Lumen. With the new brand, the company is going to help lead enterprises through the challenges and opportunities of the Fourth Industrial Revolution: a time when smart and connective devices are everywhere. Lumen plans to bring a new focus to how it views the marketplace and the world with the purpose to further human progress through technology.
The Lumen Platform helps customers capitalize on emerging technologies of the 4th Industrial Revolution to deliver smart cities, retail and industrial robotics, real-time virtual collaboration, and automated factories as well as power today’s business applications that require high-performance networking and security. Plus the platform brings together our highly interconnected global fiber network infrastructure, edge cloud capabilities, and security and communication and collaboration solutions to deliver a fast and secure foundation for the application and data services vital to our customers’ success. Plus Lumen’s combination of global technology infrastructure, powerful business solutions, and services create the platform to help customers excel.
Lumen’s worldwide fiber network infrastructure and complementary capabilities are known for delivering unique competitive advantages to customers in four key areas:
1.) Adaptive Networking – Lumen provides hybrid network solutions built to quickly respond to customers’ ever-changing data and application needs.
2.) Edge Cloud & IT Agility – Lumen enhances application experiences by delivering low-latency and high performance data access and by moving data and workloads closer to where customers need them.
3.) Connected Security – Lumen offers global threat intelligence, network-based security controls, and deep security expertise to help customers protect their data and applications against constantly evolving threats.
4.) Communications & Collaboration – Lumen’s communication and collaboration solutions make it easy for people to stay connected, productive, and engaged wherever they are located.
With its strong heritage, CenturyLink will remain as a trusted brand for residential and small business customers over traditional networks. And in addition, Lumen also announced Quantum Fiber, which is a fully digital platform for delivering fiber-based products and services to residents and small businesses. Quantum Fiber is going to use the power of Lumen’s extensive fiber network and infrastructure.
CenturyLink does not intend plan to change its financial strategy or financial reporting as a result of this announcement. Effective with the opening of the trading day on September 18, 2020, the company stock ticker will change from CTL to LUMN.
KEY QUOTES:
“Our people are dedicated to furthering human progress through technology. Lumen is all about enabling the amazing potential of our customers, by utilizing our technology platform, our people, and our relationships with customers and partners.”
— Lumen president and CEO Jeff Storey
“All of our futures will be driven by smart things, applications and digital services that use data for transformational purposes. To serve this colossal need and further human progress through technology, we have launched Lumen and are delivering our technology through the Lumen Platform, a platform for amazing things.”
— Lumen executive vice president and chief marketing officer Shaun Andrews
