09:04 AM EDT, 10/21/2024 (MT Newswires) -- Lumen Technologies ( LUMN ) said Monday it has partnered with Meta (META) to boost Meta's network capacity and support the social network company's AI initiatives through the Private Connectivity Fabric initiative.

The company said the partnership will offer Meta secure, on-demand bandwidth, providing the flexibility to meet its computing demands and serve billions of users daily.

Financial terms of the partnership were not disclosed.

LUMN shares were up over 17% while META shares were down 0.1% in recent premarket activity.

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