News Summary

• Lumen Technologies said first-quarter 2026 results were in line with its expectations.
• Management highlighted improving revenue mix, continued adoption of its network-as-a-service offerings and a planned acquisition.
• Lumen announced its intent to acquire software company Alkira, which is expected to extend Lumen’s programmable network into east-west cloud connectivity.
• President and Chief Financial Officer Chris Stansbury said Lumen plans to finance the $475 million transaction with cash on hand and expects the deal to close in the third quarter.