Lumen strikes Amazon cloud deal

The partnership will allow Lumen to integrate its high-stakes fiber network with Amazon's cloud services, addressing the voracious demand for computing power.

Lumen, which was once considered a 'penny stock' on the brink of bankruptcy, is now positioning itself as a key player in the AI ecosystem.

The deal is expected to significantly boost the company's recurring revenue and help it manage its substantial debt load.

Industry analysts suggest that Lumen's extensive fiber assets are becoming increasingly valuable as tech giants race to build out AI infrastructure.