Lumen to maintain fiber buildout pace in 2024—but is it fast enough?
Lumen Technologies expects to build fiber to an additional 500,000 locations in 2024, matching its pace for 2023. However, some industry watchers believe Lumen could open itself up to fiber overbuilders if it can't accelerate its pace. During Q4 2023, Lumen deployed fiber to another 126,000 new locations, down from 141,000 in the prior period, but ahead of the 113,000 that analysts were expecting.