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Lumen posts Q4 net loss of USD 2.3 billion after goodwill writedown

Thursday 11 February 2021 | 09:11 CET | News
Lumen Technologies reported a net loss of USD 2.289 billion for the fourth quarter, hurt by an impairment charge of USD 2.642 billion to write down goodwill on various activities. Revenues fell across all divisions, to a total USD 5.125 billion, while underlying EBITDA was up slightly to USD 2.281 billion thanks to ongoing restructuring efforts.

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Categories: Fixed
Companies: Lumen
Countries: United States / World
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