Lumen expands internet on-demand service to 10 million new locations

DENVER - Lumen Technologies (NYSE:LUMN), a $12.82 billion revenue telecommunications company currently trading at $8.09, announced Monday an expansion of its Internet On-Demand service to over 10 million additional business locations across the United States, extending high-performance connectivity beyond its network footprint. According to InvestingPro data, the company’s expansion comes amid impressive momentum, with the stock delivering a 106% return over the past six months.

The expansion allows businesses to order and activate cloud-like connectivity within minutes at office buildings and data centers nationwide through Lumen’s Network-as-a-Service platform, according to a company press release. This strategic move comes as Lumen maintains a healthy liquidity position, with InvestingPro analysis showing the company’s liquid assets exceeding its short-term obligations with a current ratio of 2.13.

The service enables organizations to scale bandwidth up or down as needed through a digital portal, with pay-as-you-go hourly pricing. Customers can select from various bandwidth tiers and add features like static routing or security options.

"For too long, businesses have been constrained by geography, but we’re eliminating that barrier," said Dave Ward, chief technology and product officer at Lumen Technologies.

The expanded coverage aims to simplify connectivity management for enterprises operating across multiple locations. Traditionally, businesses connecting facilities outside their carrier’s network had to manage multiple contracts and service providers.

Xcel Energy, a U.S. energy provider, has adopted the service to support digital operations across multiple states. Tim Peterson, Xcel Energy’s chief technology officer, said the service "offers the agility and reliability we need to simplify off-net connectivity."

Lumen achieved this expansion by collaborating with other network providers for last-mile connections, creating what it describes as a seamless solution for connecting offices, branches, and data centers.

The company plans to introduce a new multi-service network interface device with AI-driven monitoring and automatic troubleshooting capabilities in the future.

The Internet On-Demand service complements Lumen’s broader portfolio of on-demand solutions, including Ethernet On-Demand, which is also designed for rapid deployment.

In other recent news, Lumen Technologies reported a 5.4% year-over-year decline in total revenue for Q2 2025, amounting to $3.092 billion. The company’s adjusted EBITDA was recorded at $877 million, with a margin of 28.4%. Despite the decline in revenue, Lumen Technologies is focusing on strategic shifts towards innovation and growth. Additionally, Lumen Technologies has entered into a multi-year, multi-million-dollar strategic partnership with Palantir Technologies. This collaboration aims to accelerate the deployment of artificial intelligence by combining Palantir’s Foundry and Artificial Intelligence Platform with Lumen’s Connectivity Fabric. The partnership is designed to help enterprises implement AI solutions more efficiently in complex, multi-cloud environments. These developments reflect Lumen’s commitment to addressing challenges in AI implementation by leveraging advanced intelligence capabilities alongside high-performance network infrastructure.

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