Lumen Doubles NaaS Customer Base and Sells Dallas-Based MGA Unit
Lumen doubled its Network-as-a-Service customer base year-over-year by February 2026 as enterprises adopt programmable connectivity. On February 24, private equity firm Vistria acquired Lumen’s Dallas-based MGA Holdings unit.
1. Network-as-a-Service Customer Expansion
By February 2026, Lumen reported a 100% increase in its Network-as-a-Service customer count compared with the prior year, reflecting strong enterprise migration to programmable connectivity offerings. The surge underscores growing demand for scalable, on-demand network solutions.
2. Sale of Dallas-Based MGA Holdings Unit
On February 24, private equity firm Vistria completed the acquisition of Lumen’s Dallas-based MGA Holdings subsidiary. Financial terms were not disclosed, but the divestiture aligns with Lumen’s strategy to streamline its portfolio and focus on core connectivity services.