#fiber-networks

#fiber-networks

Concerns about the prospects for Lumen Technologies Inc. ( NYSE: LUMN) have lingered. However, recent quarterly results suggested a positive shift in its financial health due to a focus on strengthening its balance sheet and improving liquidity by reducing debt. The global telecommunications company has also focused on improving customer satisfaction. However, it still faces challenges with declining revenue and with free cash flow.

As part of our return to following the plain language of section 706, we propose to abolish without replacement the long-term goal of 1,000/500Mbps established in the 2024 Report. Not only is a long-term goal not mentioned in section 706, but maintaining such a goal risks skewing the market by unnecessarily potentially picking technological winners and losers.