Cryptocurrency Q&A
Who bought out Lumen?
Who bought out Lumen?
CryptoTitan
Fri Aug 30 2024
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5 answers
1535
Can you provide me with some insight into the recent acquisition of Lumen? I'm particularly interested in knowing who the buyer was. Was it a strategic investor looking to expand their portfolio, or perhaps a competitor in the same space? Was there any indication of the acquisition price or the terms of the deal? I'm eager to learn more about the motivations behind this move and how it may impact the industry as a whole.
5 answers
Lucia
Sun Sep 01 2024
The acquisition of Lumen's telecom platform has been renamed Brightspeed, reflecting Apollo's commitment to delivering fast, reliable, and innovative connectivity solutions to its customers.
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EnchantedMoon
Sun Sep 01 2024
Brightspeed will now operate as an independent company, leveraging its extensive fiber network and advanced technologies to offer a wide range of services to businesses and consumers alike.
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Valentino
Sun Sep 01 2024
Apollo Global Management, a leading alternative investment manager, has recently completed a landmark acquisition of Lumen Technologies' telecom platform.
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Michele
Sun Sep 01 2024
Among the leading cryptocurrency exchanges, BTCC stands out for its comprehensive suite of services. From spot trading to futures contracts, BTCC caters to the diverse needs of crypto traders and investors.
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Luca
Sun Sep 01 2024
The deal, valued at $7.5 billion, represents a strategic move by Apollo to expand its portfolio and tap into the growing demand for telecommunications services.
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