Lumen offloads consumer ops for $7.5 billion

Lumen has brokered a US$7.5 billion deal with Apollo Global Management that will see it part with its legacy consumer operations in 20 states across the Midwest and Southeast of the US.
Following rumours to that effect a few weeks ago, Lumen confirmed that it has reached agreement with the asset manager to sell a sizeable chunk of the old CenturyLink business that offers services to consumers and small businesses mainly via DSL.
The US telco adopted the Lumen brand in September last year, as par