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Lumen Technologies, Inc. (LUMN) Presents at Citi’s 2025 Global Technology, Media and

Lumen Technologies, Inc. (NYSE:LUMN) Citi’s 2025 Global Technology, Media and Telecommunications Conference September 3, 2025 2:10 PM EDT

Company Participants

Christopher Stansbury – Executive VP & CFO

Conference Call Participants

Jesse Davis – Citigroup Global Markets Inc.

Presentation

Jesse Davis
Managing Director

Thanks for joining us today. By way of introduction, I am Jesse Davis from Citi. Welcome to today’s presentation by Lumen Technologies at Citi’s Global TMT Conference. We’re pleased to have Chris Stansbury, Executive Vice President and CFO of Lumen, joining us today. Chris, welcome, and thanks for taking the time.

Christopher Stansbury
Executive VP & CFO

Good to be here.

Jesse Davis
Managing Director

Excellent.

Question-and-Answer Session

Jesse Davis
Citigroup Global Markets Inc.

Chris, Lumen is undergoing a significant transition of its business. Can you start us off with an update on Lumen’s strategy to return the company back to profitable growth?

Christopher Stansbury
Executive VP & CFO

Yes. I mean when you look at what we’re doing, we’re taking what has been a very sleepy space, enterprise telecom and digitizing it. We’re doing to the network exactly what the hyperscalers did to compute and storage a couple of decades ago. And it’s critical at this point in time with a multi-cloud and AI environment for that to happen, right? Workloads are increasing. The data is getting more and more disparate. Latency matters more than it ever has.

And so what we’re doing is taking what is arguably the most advantaged enterprise network in the country with lots of existing routes, lots of existing capacity and monetizing that by, a, digitizing it, making access digital so that the customers can self-provision services on demand and then ultimately, building an ecosystem beyond that where tech partners are building our network through APIs into their products because it’s making that customer experience better.

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