Lumen Technologies, Inc. (NYSE:LUMN) saw a 12.37% increase in its stock price on Wednesday, closing at $5.27 per share. This rise came after the company announced a partnership with Pac-12 Enterprises to revolutionize sports broadcasting using its Network-as-a-Service (NaaS) technology.

Through Lumen’s NaaS platform, Pac-12 Enterprises will have the ability to produce hundreds of games this year with the flexibility to adjust bandwidth quickly, reduce production costs, and deliver high-quality broadcasts with fewer personnel on-site. This move aims to enhance the viewer experience for sports fans.

Lumen Technologies’ Chief Technology and Product Officer, Dave Ward, highlighted the importance of flawless execution in live sports broadcasts, emphasizing the need for reliability, real-time performance, and rapid scalability. The NaaS platform enables Pac-12 Enterprises to meet these requirements while maintaining control over bandwidth allocation.

While LUMN shows promise as an investment, some believe that certain AI stocks offer greater potential for higher returns with less downside risk. For those interested in an affordable AI stock that stands to benefit from Trump tariffs and onshoring, a free report on the best short-term AI stock is available for review.

Read more at Yahoo Finance: Lumen (LUMN) Climbs 12% as Pac-12 Partnership Redefines Sports Broadcasting