take a look the revenue loss vs cost saving...

 

By Service Type		2020 vs 2016
IP & Data Services		-$781
Transport & Infrastructure		-$755
Voice & Collaboration		-$2,356
IT & Managed Services		-$54
Regulatory		-$86
Total Revenue Loss		-$4,032
Cost of services (Excluding Depr)		$2,741
SG&A		$1,437
Total Cost Saving		$4,178

Now you can see LUMN lost a lot of high margin Voice revenue (not quite what Storey said "non-profitable revenue".  And the area of revenue (IP & Transport) should be growing but still lost quite a lot revenue.

 

Now the questions,

 

1.) When Storey agreed to sell LVLT to CTL, did he know what he was doing?

2.) When Storey said they are get rid of non-profitable business, did he lie to shareholders?

 

It is no surprise that gross margin is heading lower, because the SGA represent a good part of the saving (34.4%) to achieve same EBIDTA numbers.  Now, the cost saving is heading to the hold, how about revenue?