Lumen Technologies reports solid Q4, FY25 results, closes $5.75 bln AT&T transaction.

Tuesday, Feb 3, 2026 4:20 pm ET1min read
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• Lumen Technologies reports solid Q4 and FY25 results • Completes AT&T transaction, reducing debt by $4.8 bln • Signs $2.5 bln in PCF contracts, grows NaaS customer base • Delivers revenue, Adjusted EBITDA, and free cash flow in line with expectations • Annual interest expense down 45% vs. 2025 levels • Capex reduced by over $1 bln, increasing investment flexibility • Net leverage below 4x

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