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Lumen Technologies to Sell U.S. Telecom Assets to Apollo for $7.5 Billion

Aug. 3, 2021, 4:14 p.m.

(The Wall Street Journal) The investment giant will carve out some of Lumen’s so-called incumbent local exchange carrier assets, a collection of telephone and broadband infrastructure that covers 6 million residential and business customers across 20 states.

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