Latham & Watkins Advises Lumen on US$475 Million Acquisition of Alkira

Lumen Technologies, Inc. (NYSE: LUMN) announced it has entered into an agreement to acquire Alkira, a cloud-native, carrier-agnostic networking platform that enables enterprises to design, deploy, and operate connectivity and network services across hybrid and multi-cloud environments, for US$475 million in an all-cash transaction. The transaction is expected to close in the third quarter of 2026, subject to customary regulatory approvals and closing conditions.

Latham & Watkins LLP represents Lumen in the transaction with a corporate deal team led by Chicago/New York partner Bradley Faris, with associates Abby Timmons, Tim Schubert, Alvina Olivier, and Chloe Barr. Advice was also provided on compensation and benefits matters by Bay Area partner Jay Metz, with associate Hayden Rutledge; on labor and employment matters by Chicago partner Nineveh Alkhas, with associates Jocelyn Wexler and Lauren Stark; on intellectual property matters by Washington, D.C. partner Morgan Brubaker and Washington, D.C. counsel Ryan Clore, with associates Kellye Quirk, Brittany Grego, and Dena Behnam; on data privacy and cybersecurity matters by Washington, D.C. partner Clayton Northouse, with associate Sarah Zahedi; on antitrust matters by Bay Area partner Joshua Holian, Washington, D.C. partner Peter Todaro, and Brussels partner Tomas Nilsson, with associates Hanna Nunez Tse and Cameron Swiecki; on tax matters by Bay Area partner Katharine Moir, with associates Gregory Conyers and Dennis Poehland; on insurance matters by Los Angeles partner Drew Levin and San Diego counsel Hannah Cary, with associate Sandra Mathew; on anti-corruption matters by Washington, D.C. partner Erin Brown Jones, with associate Amulya Vadapalli; on real estate matters by New York counsel Shira Bressler, with associate Reina Kern; on environmental matters by Los Angeles partner Joshua Marnitz, with associate Reilly Nelson; and on public company disclosure matters by New York partner Jenna Cooper, with associates Katie Marren and Joann Murphy.