Lumen to Acquire Alkira, Establishing the Control Plane for Cloud Connectivity
Lumen Technologies announced it has entered into an agreement to acquire Alkira for $475 million in cash to enhance its cloud connectivity and AI networking capabilities. The transaction combines Lumen's fiber infrastructure with Alkira's cloud-native control plane, expanding Lumen's addressable market to approximately $70 billion by targeting cloud-to-cloud connectivity.
Key figures
- Deal Value Usd
- 475000000
- Tam
- approximately $70 billion
AI analysis
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