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  "description": "The company beat revenue expectations in the first quarter. ",
  "path": "/lumen-acquiring-networking-company-alkira-for-425-million/",
  "publishedAt": "2026-05-06T18:17:42.000Z",
  "site": "https://broadbandbreakfast.com",
  "tags": [
    "announced Tuesday",
    "earnings call",
    "Sign up to Attend",
    "Subscribe now"
  ],
  "textContent": "WASHINGTON, May 6, 2026 – Lumen reached a deal to acquire networking software company Alkira for $475 million in cash, the company announced Tuesday.\n\nLumen beat Wall Street’s revenue expectations in the first quarter of 2026, posting $2.89 billion, but still reported a net loss of $200 million. The company closed the $5.75 billion sale of its consumer fiber business to AT&T during the quarter.\n\nWith the consumer business gone, Lumen is looking to provide connectivity to enterprises and hyperscalers. The company now has 2,500 network-as-a-service (NaaS) customers, CEO **Kate Johnson** said on the company’s earnings call Tuesday, up from 2,000 in February.\n\n\n                            Sign up to Attend\n                        \n\n### This post is for subscribers only\n\nBecome a member to get access to all content\n\nSubscribe now",
  "title": "Lumen Acquiring Networking Company Alkira for $475 Million",
  "updatedAt": "2026-05-21T09:48:01.428Z"
}