Lumen Applied sciences, Inc. (LUMN) TD Cowen 53rd Annual Know-how, Media & Telecom Convention – (Transcript)

Lumen Applied sciences, Inc. (NYSE:LUMN) TD Cowen 53rd Annual Technology, Media & Telecom Convention Name Might 28, 2025 1:50 PM ET

Firm Members

Chris Stansbury – Govt Vice President and Chief Monetary Officer

Convention Name Members

Gregory Williams – TD Cowen

Gregory Williams

Good afternoon. Welcome to Day One among our 53rd Annual TMT TD Cowen Convention. My identify is Greg Williams. I cowl cable, wi-fi, and telco right here at TD Cowen. I am joined on this session by Chris Stansbury, the CFO of Lumen Applied sciences. Chris, thanks for becoming a member of us.

Chris Stansbury

Sure. Nice to be right here.

Query-and-Reply Session

Q – Gregory Williams

I wish to begin off with the AT&T deal that was introduced final week. This deal construction could be very distinctive. IT‘s a primary of a sort, doubtlessly final of a sort. Assist us perceive why the deal was structured this manner. I perceive you are going to preserve numerous these wire facilities for the enterprise enterprise, and you are going to direct hook up with the cloud. However why do you want 1,700 knowledge facilities, to do that?

Chris Stansbury

Sure. So the explanation that the deal was structured the best way IT was actually for just a few causes. The worth on the patron facet is basically within the fiber. That is the go ahead technique. That is the asset that folks have been most fascinated by, and we constructed a fantastic enterprise. And that enterprise might be taken a lot additional. And so from a purchaser standpoint, that is why the main target was there. From our standpoint, that footprint generates numerous enterprise EBITDA along with some very wholesome client copper EBITDA that’s in very rural areas that can take years to go away. Fiber could be very unlikely to be constructed to these areas. After which from a strategic standpoint, as we go ahead, the true worth within the enterprise providing that we’re bringing is