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AI frenzy allows old school US telecoms to dodge death
人工智能狂潮让老牌美国电信公司躲过灭亡的命运

Big Tech deals may have thrown a lifeline to Lumen and its moribund peers
大型科技交易可能为Lumen及其垂死的同行提供了生命线。

From the distressed debt dustbin to an AI darling, all in less than a year. Not long ago, US regional telecoms company Lumen Technologies was seen as a corpse that had been scavenged by Wall Street’s most vicious vulture funds. Now it is the toast of the AI party. Its shares have gained more than 700 per cent since the spring. With its market capitalisation approaching $10bn, suddenly its near $20bn debt load does not look so imposing.

从不良债务垃圾堆到人工智能宠儿,只用了不到一年时间。不久前,美国地区电信公司Lumen Technologies还被视为被华尔街最凶残的秃鹫基金搜刮一空的尸体。现在,它已成为人工智能行业的宠儿。自今年春天以来,它的股价已上涨了700% 以上。随着其市值接近100亿美元,其接近200亿美元的债务负担突然显得不那么沉重了。

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