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Lumen Technologies Rebounds on NaaS Growth and Inflation Relief
Lumen Technologies Rebounds on NaaS Growth and Inflation Relief
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BTCCSquare news:
Lumen Technologies (LUMN) surged 17.7% this week, clawing back losses from its July earnings disappointment. The rally coincided with cooling inflation data and progress in its network-as-a-service (NaaS) division, now serving over 1,000 customers.
Tamer-than-expected CPI figures (2.7% YoY, 0.2% MoM) fueled bets on September rate cuts, easing pressure on Lumen's $13.5B debt load. The telecom giant's 3.9x EBITDA leverage ratio remains sensitive to interest rate movements.
Investors rewarded Lumen's pivot to flexible NaaS offerings, marking a strategic shift from fixed-capacity sales. While no direct cryptocurrency exposure exists, the debt-sensitive rebound mirrors crypto markets' reaction to macro liquidity expectations.
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