1Q22 Enterprise Channel Revenue Report
YoY Adj. EBITDA Change: Previous and Current Outlook
Updating our Outlook Based on Adjusted Timing of the 20-state ILEC Business Divestiture
30
$8.4B
-$490M
~$400M
-$850M
-$400M to -$600M
$6.5B to
$6.7B
$6.9B to
$7.1B
FY21 Adj. EBITDA
CAF II
Support
Original Deal
Impacts Assumed (1)
Other (2)
FY22 Adj. EBITDA
(Prev. Outlook)
Current Deal
Impacts Assumed (3)
Issued: May 4, 2022
FY22 Adj. EBITDA
(Current Outlook)
(1) The previous outlook assumed that the pending sales of Lumen's LATAM business and 20-state ILEC business would be completed at mid-year 2022,
resulting in 2022 financial contributions of two quarters for each business.
(2) Includes impact of revenue declines, investments for growth and separation-related activities resulting in dis-synergies and lower transformation savings.
(3) The current outlook assumes the pending sales of Lumen's LATAM business and 20-state ILEC business would be completed in the third quarter of 2022
and the fourth quarter of 2022, respectively, resulting in 2022 financial contributions of two quarters and three quarters, respectively for each business.
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