Lumen Technologies rose more than 10% in pre-market trading, reaching a cooperation agreement with Microsoft

Lumen Technologies announced a strategic partnership agreement with Microsoft to support digital transformation and artificial intelligence initiatives. Lumen will migrate to Microsoft's Azure cloud platform and collaborate with Microsoft to create telecommunications industry solutions. This move is expected to increase Lumen's cash flow by $20 million and enhance customer experience. Microsoft has chosen Lumen as its strategic supplier for network infrastructure needs. Lumen's private connectivity architecture will support the growing demand for artificial intelligence in its data centers. Lumen's stock price surged 10.74% in pre-market trading