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August 18, 2025
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Category: incumbent local exchange carrier

Apollo Apollo to buy Lumen’s ILEC business for $7.5bn, 5.5x adjusted EBITDA

Apollo to buy Lumen’s ILEC business for $7.5bn, 5.5x adjusted EBITDA

Global buyout major Apollo has agreed to back part of the incumbent local exchange carrier business of Lumen Technologies for $7.5bn, including debt assumption of approximately $1.4bn. The deal valued the company at around 5.5x

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