Lumen collaborates with Google and Microsoft to launch innovative interconnection ecosystem.
Lumen Technologies' shares rose by 5% in premarket trading after the company announced that it has collaborated with Microsoft and Google on a new product called ExaSwitch network interconnection ecosystem. The platform enables organizations with high bandwidth needs to route their traffic dynamically and quickly between networks without third-party intervention. Lumen's shares have lost almost two-thirds of their value in 2023, while the S&P 500 has advanced 12%.