Is Momentum in NaaS and PCF Strengthening Lumen's Growth Prospects? [Yahoo! Finance]
Verizon Communications Inc. (VZ)
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Source: Yahoo! Finance
shaping its growth trajectory in the AI-driven digital economy. PCF is Lumen's high-capacity, low-latency fiber network acting as the physical backbone of the AI economy, ensuring high-speed data movement across distributed environments. It delivered strong PCF sales in the fourth quarter, with total deals reaching nearly $13 billion, surpassing its earlier $12 billion target, and more deals in the pipeline. These deals strengthen Lumen's finances, fund growth and cement its position in the multi-cloud AI market. Lumen reached its 2025 goal of 17 million intercity fiber miles, and $2.5 billion in new fourth-quarter PCF deals will expand its network to 58 million fiber miles by 2031, boosting enterprise capacity. To achieve this, it is investing in building 400-gig rapid route waves across 36 routes, providing 400-gig services for data centers and focusing on metro expansion. The company expects an incremental revenue of $900 million to $1.1 billion from digital and PCF initiatives b
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