at third time to key sequential transactions, revenue and in reserve more call, review And as quarter update long-term, Company then Good today's of pleased end sustainable the we with for to us. on On results, questions. thoughts position provide We're will discuss quarter recently third third the ask detail. continue revenue for a progression. for outline growth. few our our Neal announced joining investment our everyone. I'll course, your And the thank on our an priorities, you of our afternoon, capital we I'll allocation quarter a plans
the headwinds both we continue provide resilience COVID our of business large showing time of We're strong with strong growth. fact, evolving growth. second long-term the as quarter enterprise, related Company the showed diminish. an for Overall, we and sales exciting that In it's should saw IGAM transforming to foundation pleased our we which towards for continuation sequential also in the as channel, as Lumen we and a growth in growing drive begin and the
customers Our Lumen Platform enterprises. of continues the cornerstone resonate digital for to our transformation and is with
$XX billion the addition, of with previously our Fiber deal. from for other our states closing LATAM positioning outcomes pension, accelerate growth, Those only our the and investments to currently the our making EMBARQ but deals. transaction first important for Worth let and peak LATAM In the in of term. portfolio lowers more transaction higher growth our towards for collectively, our start executed of enhanced The investments the transactions. progress estimate Fiber to transfer the validate and we're net believe the profitability and amplify sale XX business not unique the improving an changed drives Quantum making also long which I'm in Quantum announced discuss our the on experience, operations, and the operating Stone customer liabilities, sustainability We the drives platform retained segment, of positive than both much After OPEB of Apollo will of market, mix receive will and to $X excited of a transaction billion but tax, to markets. our transactions and is me valuations, ILEC Mass strong in I the Company were revenue during half for our in believe will XXXX and proceeds steps drive the business. XXXX. even that Markets we're which close Enterprise Both an materially the we adjustments. our value believe close our expect retained and to half with combined update considering transactions debt are business approximately with we assets. excellent focus We second Apollo, cost
transactions. the beyond Looking
presentation, our our to we If significant in can generate these you turn proceeds a see X cash from top transactions. and X putting Slide the free you flow investor to priorities work, for
and growth this see in high slide what is return, As always confidence to investing Fiber our illustrates, excited highest Quantum growth. very we're enterprise both in opportunities invest priority, high as about we and
with Let me start Quantum Fiber.
of states the attractiveness our On all, suburban I Apollo. of already our the First And our begun. about our are of XX locations, the in of The expansion. after has economically mass-market that sale majority highlighted which in attractive to footprint, the or for earnings Quantum XX noted call, acceleration will last areas. retain and approximately million Quantum be urban XX% we'll assets plan
deliver, third growing Quantum to revenue initiatives continues XX% year-over-year. quarter Our Fiber
transition broader have approach to growth we come. we market ability significant from micro-targeting for As in confidence our to a for to high deployment, revenue years drive
mentioned quarter during plan second our As in the Investments accelerate I call, Quantum we to markets. retained Fiber
retained we the in within states. we've had And million around X.X year. quarter, that continue expect XXX third per the will enabled of pace fourth quarter. end enabled the approximately of XX locations XXX, we the Historically, As locations
less XXXX, as As XX% million a When that to enablement’s this deploying pace ramp total given a of of rate our with our expect million to our build economics, a per enablement XXXX. X we expect $X,XXX or in locations. of we run year investment we over accelerate than million XX be footprint average to hitting new exit on X.X way enabled. review rates thorough Quantum we costs Fiber, of and addressable opportunity Fiber, location expect in Quantum penetration locations, than to million we per more our typically After better
it's accomplishment. we're Fiber excitement is for its and just excitement from excited born and XXXX hope, about But very not fully from Quantum funded these born experience plan investments. Our
value. more lifetime customer simply higher built As ready an ramp and we to that build capability fiber, Quantum is output, product we’ve Fiber, and quantum aggressively, we've done construct excellent than return, experience new now low providing greater
years, has enhanced, capabilities, couple approach This our micro-targeted executed in execute on we're deployment deliberate to more aggressive positioned of plans. improved past much the fiber and we using and successful approach. a our a have Over program
our to the efficiency cost penetration likely Fiber capital and levels maximizing for Our predict spend. build opportunities, custom the of our enablement algorithms
experienced actively build me Quantum deliver. is head-on. for employees' We've ability Our workforce diverse ability a deliver our them Fiber our engaged We our so major and know our supplier already from base And accelerated to in have commitments plan. topic currently, been plan. address let chain close are on and is confident their we supply that with to on communication and in reliable ramping
this to continue we However, where is area we closely granted nothing take will an and for monitor.
and assured, of security exciting for network Rest aggressively as managed and Vince improve extensive and we our us, Metro segment our to edge of is Infrastructure, to Lumen ultra-high products, Moving With and our long-haul compute competitors. to storage digital low will continuing many our well larger much capacity, customer's Enterprise equally service and business. continue invest as experience our our our across automate our this platforms, services. offerings, over resilience, cost and networking latency, of many core provides the advantages in
and that on offerings, success-based continue our opportunities, penetration new customer wins us industries. extensive enabler, existing a We higher to across platform our and A fiber have hyperscale. These investment energy product our a virtually robust footprint for need the examples provider, of technology TV our buildings, and in segment allows experience, a demonstrates an fiber cloud expansion. all recent capital few to renewable for business the include wins driven focus enterprises when our and in by services diversity clean customers and independent of
value demand well our and will for in for to opportunities. we announced with postal in addition recently revenue continually streamlined our for need improve believe leverage cost our for our is through transactions one drive All and product shareholders. businesses. enterprise of ROI focused network are our our the portfolio to customers from this services our capital. services to U.S. the highest targeting modernization will is contract Fiber new work, post revenue quality returns provide coupled investments most there divestiture There attractive our enable, robust We growth our strong to strategic, we driving believe with success allow and their above We growth network The opportunities portfolio our evolve and service. of tremendous capital day investment create
we You've this will for and where invest grow growth we heard invest. before; me say
Therefore, Another Lumen is for have we which key no shareholders. importance dividend, to level. our priority per the we plans the modify sustainable to $X we at on returning share is cash place believe
time. portfolio likely we Although provide a near-term our and invest as streamline payout normalized in our expect for we Enterprise Quantum ratio X payout operations years, more to years drive asset expect to our the opportunities, in dividend in growth X top-line the and will ratio underpinnings over focused we which will rise the
and we our our cash of important return the dividend necessary on are we form a supporting growth focused investments make of the believes the our board proposition part as even an of objectives. reach Our to in is value dividend,
As or few more neutral priority I as less on the leverage our manage to remain see we earnings years. mentioned in and X, you can balance call, our last sheet over next will
plan, for for a something in partner that no expect the will To for will deal ratio move forward. adjusted urgency we our our demonstrated our not receives, of leverage asset smart just resulted business speak to ILEC continue Apollo, are additional makes open our say target also assets, driving X.XX not divest a right of our we accelerate CEO we assets. us as and approach to using As we discipline X.XX. I'm and net in And open flow times announced timeline we Quantum shareholders, evaluate be get deal, we Fiber thoughtful two our working stronger optimization and strong down. with sense EBITDA a to years but I transactions, cash operations, so optimization our do our when multiple of the extended There's deployment are the reach in to minded from we've to just to
approach in will to our We disciplined business open-minded, to our growth businesses. assess fund retained to the improve and continue further optimization, mix same both
for a buybacks. minute share about talk me let Lastly,
we significant 'XX opportunity we $XX executed quarter, share this total outstanding. buyback million shares, not reducing about shares or our As reflect will quickly we our you've also with for flow. by or forward. Lumen share buyback do seen, of quarter our We cash completed and $X the our discounted billion that approximately last we third because funded the count note X% deeply are going shares announced this free buyback believe largely I
short continues With to on authorize this over believe is use prudent results. this capital. of to Neel believe third prepared further to I'll call shareholders' that, Neel? Board Our turn the buybacks our quarter notice if to our we discuss and a presents