Lumen - M&A Summary and Business Overview

CommunicationsCompany

Lumen M&A Summary

Lumen has acquired 17 companies, including 1 in the last 5 years. It has also divested 5 assets.

Lumen’s largest acquisition to date was in 2016, when it acquired Level 3 Communications for $34.0B. It’s largest disclosed sale occurred in 2021, when it sold Lumen Technologies-ILEC Business to Apollo Global Management for $7.5B. Lumen has acquired in 12 different US states, and 2 countries. The Company’s most targeted sectors include information technology (48%) and communications (24%).

Lumen Business Overview

Where is Lumen headquartered?

Lumen is headquartered in Monroe, Louisiana.

What is Lumen’s revenue?

Lumen disclosed revenue of 17,478M USD for 2022 and 19,687M USD for 2021.

How many employees does Lumen have?

Lumen has 29,000 employees.

What sector is Lumen in?

Lumen is a communications company.

When was Lumen founded?

Lumen was founded in 1968.

M&A Summary

  • M&A Total Activity22
    • M&A Buy Activity17
    • M&A Sell Activity5
  • Total Sectors Invested 5
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 6
  • M&A Advisors 10

Lumen

Lumen Technologies, Inc.

100 CenturyLink Drive,
Monroe, Louisiana 71203
United States,
(318) 388-9000
www.lumen.com

Lumen is an integrated communications company engaged in providing an array of communications services to residential, business, governmental and wholesale customers. CenturyLink's communications services include local and long-distance, network access, private line (including special access), public access, broadband, data, managed hosting (including cloud hosting), colocation, wireless and video services. In certain local and regional markets, the Company also provides local access and fiber transport services to competitive local exchange carriers (CLECs) and security monitoring. Lumen was established in 1968 and is based in Monroe, Louisiana.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 17 - - - - - 17
vol $71.4B $71.4B
Sell (0.8/yr) # 1 - 2 1 1 - 5
vol $2.2B $10.2B $1.8B $14.2B
  22

Most Recent M&A

Company Date Value Type
Lumen - Select Content Delivery Customer Contracts 2023-10-10 - Divestiture
Monroe, Louisiana
Lumen - EMEA Business 2022-11-02 1.8B USD Divestiture
London, United Kingdom
Lumen Technologies-ILEC Business 2021-08-03 7.5B USD Divestiture
Monroe, Louisiana
Lumen Technologies, Inc. - Latin American Business 2021-07-26 2.7B USD Divestiture
, Brazil
Streamroot, Inc. 2019-09-10 - Add-on Acquisition
New York, New York · www.streamroot.io
SEAL Consulting, Inc. 2017-01-09 - Add-on Acquisition
Edison, New Jersey · www.sealconsult.com
Cyxtera Technologies, Inc. 2016-11-04 2.2B USD Divestiture
Coral Gables, Florida · www.cyxtera.com
Level 3 Communications, Inc. 2016-10-31 34.0B USD Add-on Acquisition
Broomfield, Colorado · www.level3.com
ElasticBox, Inc. 2016-06-14 - Add-on Acquisition
San Francisco, California · www.elasticbox.com
netAura LLC 2016-03-30 - Add-on Acquisition
Herndon, Virginia · www.netaura.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Savvis, Inc. 2011-04-26 Ciber ITO 2012-08-01 1
Town & Country, Missouri · www.savvis.net Greenwood Village, Colorado

M&A by Sector

Sector Buy # Value Sell # Value
Information Technology 8 (47%) 3.4B (5%) 1 (20%) 2.2B (15%)
Communications 4 (24%) 68.0B (95%) 4 (80%) 12.0B (85%)
Internet Software and Services 3 (18%) - - -
Safety/Security 1 (6%) - - -
Transportation 1 (6%) 38M (< 1%) - -
Total 17 $71.4B 5 $14.2B

By Geo

State/Country Buy Value Sell Value
United States 16 71.4B 3 9.7B
  Louisiana 2 22.4B 2 7.5B
  Oregon 2 - - -
  Missouri 2 3.2B - -
  California 2 - - -
  Wisconsin 1 - - -
  Washington 1 200M - -
  Virginia 1 - - -
  New York 1 - - -
  New Jersey 1 - - -
  Kansas 1 11.6B - -
  Colorado 1 34.0B - -
  Arkansas 1 - - -
  Florida - - 1 2.2B
Brazil - - 1 2.7B
Canada 1 - - -
  Alberta 1 - - -
United Kingdom - - 1 1.8B
Domestic 16 (94%) 71.4B (100%) 3 (60%) 9.7B (68%)
Cross-border 1 (6%) - 2 (40%) 4.5B (32%)
Total 17 $71.4B 5 $14.2B

Top M&A Advisors

Financial Deals
BofA Securities
 6
Morgan Stanley
 6
Barclays Investment Bank
 3
Legal Deals
Jones Walker
 7
Wachtell, Lipton, Rosen & Katz
 4
Bryan Cave Leighton Paisner LLP
 1

Deal Values

buy # Total
> $1B 4 $71.2B
$100M to $1B 1 $200M
< $100M 1 $38M
TOTAL $71.4B
Largest Level 3 Communications, Inc.
$34.0B (2016-10-31)
sell # Total
> $1B 4 $14.2B
TOTAL $14.2B
Largest Lumen Technologies-ILEC Business
$7.5B (2021-08-03)

M&A Connections

Deals
Divested to
Investor(s)
60%
3 (60%)
Strategic(s)
40%
2 (40%)

Company Summary

SECTOR

Communications

Revenue

17,478   12% 2022
19,687   5% 2021
20,712   8% 2020
22,401   5% 2019
23,443   33% 2018
17,656   2% 2017
17,470   3% 2016
17,900   1% 2015
18,031   1% 2014
18,095   2% 2013
18,376   20% 2012
15,351   118% 2011
7,042   42% 2010
4,974   92% 2009
2,600   3% 2008
2,656   2007
(millions of USD) Show More Show Less

Employees

29,000

Established

1968

Public

NYSE: LUMN

Former Name

CenturyLink, Inc.

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