LATEST
ClosedPublished 3 Oct 2022

Connect Holding LLC /
Lumen Technologies, Inc.

Connect Holding LLC acquires Lumen’s local exchange business in 20 states

Price
$7.5bn
Stage
Closed
Source · 3 Oct 2022
01 / BuyerConnect Holding LLC
02 / TargetLumen Technologies, Inc.
01

What happened

Connect Holding LLC and its affiliates, doing business as Brightspeed, completed the purchase of Lumen Technologies, Inc.’s facilities-based incumbent local exchange business in 20 Midwestern and Southeastern states. Apollo Global Management, Inc.-advised funds are affiliated with the purchaser.

Lumen received $7.5 billion of consideration, subject to closing adjustments and other terms.

02

The source

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01
Source · Source

Connect Holding LLC acquires Lumen’s local exchange business in 20 states

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03

Timeline

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