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Monday (telco diary) | Digging in, moving up – lessons from Lumen
['James Blackman']
RCR Wireless News
It is certainly backing itself; chief executive Kathleen Johnson told analysts on the call (August 4) that Lumen is combining its network, software, and ecosystem in a way “no other traditional [telco] is”.
Which sounds almost heretical for a telco, until you think what Lumen – like everyone; but more immediately, and possibly more succinctly – is trying to sell.
Strategic revenue grew 14% year-on-year and reached 53% of total business revenue, up from 45% a year earlier.
But Lumen’s strategy with its legacy business is also interesting.
Legacy revenue was down 15% in the quarter.