American telecommunications company Lumen Technologies officially announced on Tuesday the successful completion of the sale of select Content Delivery Network (CDN) service contracts to Akamai Technologies, in order to focus on strategic priorities.
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Lumen's Strategic Transformation
Lumen's Senior Vice President of Business Development, explained, "We are deep into our transformation of Lumen and much of our core work involves simplification of our business. The sale of select Lumen CDN service contracts enables us to apply even more focus on disrupting the telecommunications industry by cloudifying our network, enhancing our Quantum Fiber offering and bringing amazing new solutions to market."
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Seamless Transition for Customers
The agreement includes a transition services pact that will see Lumen and Akamai working together for 90 days. Following this transition period, Lumen intends to wind down its content delivery services. However, Lumen said the transition is seamless for customers, who can immediately commence working with Akamai to meet their CDN requirements.
Lumen said this move is in line with its transition to monetize non-core product lines, such as CDN contracts, which allows Lumen to focus on strategic priorities.
