Lumen forecasts upbeat free cash flow, sees rising adoption of its digital products

Lumen Technologies forecast annual free cash flow ‍exceeding Wall Street estimates on Tuesday, after posting a surprise adjusted ⁠profit in the fourth quarter, driven by strong demand for its connectivity solutions.

The company has been working towards growing its digital ‌fiber connectivity ‌solutions while managing the challenges associated with its legacy business, which includes ‌traditional telecom services such as voice, broadband and ethernet services.