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“We delivered another quarter of record-breaking operational results,” said Nick Jeffery, President and Chief Executive Officer of Frontier. “Our team set a new pace for building and selling fiber this quarter. At the same time, we radically simplified our business and delivered significant cost savings ahead of plan. This is a sign of a successful turnaround.

Read more: Frontier Delivers Another Quarter of Record Operational Results

Lumen and Colt have entered into an exclusive arrangement for the proposed sale of Lumen's Europe, Middle East and Africa (EMEA) business to Colt for $1.8 billion. This represents a very attractive multiple (~11x) for Lumen's EMEA business and will create additional value for its shareholders. More information on this transaction can be found in Lumen's 8-K to be contemporaneously filed with this release.

Read more: Lumen Unloads EMEA Business to Colt Technology Services for $1.8B

Telecom Review once again continues its dedication and commitment to the ICT industry and will continue to meet industry expectations by holding the best and largest high-level gathering of executives for Industry Awards. The Telecom Review awards recognize industry leaders for their efficient and hard work throughout the year, and are a special way for Telecom Review to help celebrate the winner’s success.

Read more: Nominate Your Brand and Celebrate Your Success

Web 3.0 is still yet to come of age in a world where interconnectedness is more valued than before. The world became more dependent on the internet, especially during pandemic, and the latest numbers even suggest that over 12 trillion hours online will be spent online in 2022 alone.

Read more: Web 3.0 Era: The New Intelligent Phase of Internet

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