Lumen will sell the part of its (ILEC) network (currently operating under the CenturyLink brand) that serves consumers, small businesses, wholesale and local enterprises, and government entities in 20 Midwest and Southeast states including:
Alabama, Arkansas, Georgia, Illinois, Indiana, Kansas, Louisiana, Michigan, Mississippi, Missouri, New Jersey, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Virginia and Wisconsin.
Lumen will retain its local incumbent network and assets in its other 16 states including:
- Arizona, Colorado, Florida, Idaho, Iowa, Minnesota, Montana, Nebraska, Nevada, New Mexico, North Dakota, Oregon, South Dakota, Utah, Washington and Wyoming.
Lumen will also retain its national fiber routes and competitive local exchange carrier (CLEC) networks in all 36 states.
The transaction will provide Apollo with a robust, scaled local network, along with the operations and back-office support to meet the accelerating demand for high-bandwidth connectivity and fiber technology.
The transaction is expected to close in the second half of 2022, subject to customary closing conditions including required regulatory approvals in the U.S.