Fiserv earnings missed by $0.61, revenue fell short of estimates
Investing.com -- Lumen Technologies (NYSE:LUMN) stock jumped 4% Monday after announcing a major expansion of its Internet On-Demand service, extending high-performance connectivity to over 10 million new business locations across the United States.
The telecommunications company is now offering cloud-like, scalable connectivity that can be deployed within minutes at office buildings and data centers nationwide. This expansion extends Lumen’s Network-as-a-Service platform beyond its existing network footprint, allowing businesses to quickly establish connections regardless of location.
Through collaboration with other network providers for last-mile connections, Lumen’s platform offers a self-service solution that eliminates the need for multiple contracts when connecting facilities outside a carrier’s network. The service allows businesses to spin up or scale connectivity in minutes, choose bandwidth tiers, add security features, and pay hourly for usage.
"Customers tell us their biggest challenge is reach—getting reliable, on-demand connectivity wherever their business operates," said Dave Ward, chief technology and product officer of Lumen Technologies. "For too long, businesses have been constrained by geography, but we’re eliminating that barrier."
Lumen has already secured multiple customers, including Xcel Energy, a leading U.S. energy provider using the service to support digital operations across multiple states. The company plans to introduce a new multi-service network interface device with AI-driven monitoring and automatic troubleshooting in the future.
The expanded service aims to address connectivity challenges across various industries including retail, finance, healthcare, and manufacturing, offering a unified approach to managing network connections regardless of location.
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