https://www.marketwatch.com/story/lumen-technologies-stock-rises-after-27-billion-deal-to-sell-latin-america-business-2021-07-26
7 replies (most recent on top)
The ship in sinking.....all money funneled to overpaid execs....letter to Elizabeth Warren.
Keeping the LATAM management is to give the appearance of continuity so customers don't run out the door before it finally separates in a year. 50/50 that the execs will leave themselves, jump or pushed, once that happens or sooner.
They sold it, but kept all the upper management there as well have a deal or partnership, tells me they got someone to pay expense but have a contract to sell fiber and data and other features.
So almost free money with no overhead costs.
Expect a few similar situations to follow.
O'le....
Pang is toast. Can the two arms of international be far behind? That whiny memo where she discovered her Asian heritage saved her bu-t for a couple of months.
Face it the chickens are coming home to roost. Its getting more obvious the people at the top cound'nt even run a hot dog stand
They are just selling the Latin America side. Lol looks like they are cutting back on their “Global” network