Lumen Technologies: Turnaround Opens Up New Income Opportunity

  • Lumen Technologies is undergoing a transformation driven by AI demand, with first-quarter earnings showing a shift from legacy services to AI infrastructure. The company's debt profile improved, refinancing loans to reduce interest expenses by $55 million annually, with most debt maturing in 2029 or later. Positive cash flow and reiterated 2025 guidance, with 2026 EBITDA expected to exceed $3.5 billion, indicate a promising growth trajectory.