You can also easily use it with other home exercise equipment, such as a stability ball or ankle weights. Similarly, if you’re most at home in the pool, we recommend looking at the best swimming watches. Read on to learn more about aerobic exercises you can try at home and the gym. The Standard two-passenger coupe still sold for little more than $500, while the DeLuxe Fordor cost only $615. And let’s be honest-so much of diet culture has very little grounding in science. As I say to our team all the time, we have much more to do, and I’m incredibly proud of their accomplishments so far. Again, this is a big decision on which we’ve spent a great deal of time, and that in current circumstances, we believe shores up the foundations of our growth, provides increased financial flexibility, and is solidly in the best long-term interest of our company and its shareholders. It’s a great example of our ability to do difficult and complex things.
The benefits of reallocating capital from the dividend are significant for our growth plans, our balance sheet, and our ability to use our free cash to unlock longer-term value through share repurchases. It’s nowhere near as advanced as something like Whistle, but it has its benefits. I would like to take a minute to acknowledge the tremendous work, both teams did supporting the Brightspeed conversion. Before I turn it over to Chris for some details on the quarter, I want to take a minute to share my view of how Lumen is positioned as we transition to Kate’s leadership. Let me cover some of the details on the EMEA announcement. First, we’ll discuss the details of the third quarter. First, the capital allocation discussion. That said, we do not favor using long-term leverage as a principal source for growth capital. As I said, we have authorized an up to $1.5 billion two-year program, and believe it is more attractive to retire shares at today’s prices than to pay dividends at today’s yields. Earlier today, we announced that we are eliminating our dividend and instituting an up to $1.5 billion two-year share buyback program. We spend most in our time in digital entire world and are losing connect with the physical entire world.
She’s had to focus on taking care of herself-switching units and going part time in her career as a nurse so she can work shorter shifts, cutting out formerly favorite foods that are known to increase inflammation, and easing way, way back on the activities she loves. We expect to continue to optimize, focus and align our asset base with our growth opportunities. Our customer experience is better than ever and continues to improve as demonstrated by our very high NPS and customer e-scores for both Quantum Fiber and the upper end of our enterprise customer base. At Lumen, we have built a platform that allows us to meet the networking and communications needs of the most sophisticated enterprise customers. Top-line growth is our principal focus, but we cannot overstate the importance of these transformation efforts in delivering the experience our customers want and driving the efficiencies we need to grow the profitability of our business. The one we believe is the right long-term decision for our business. Information is passed between the master of a piconet and one of its slaves at any given time. But before he does that, I want to spend some time offering my perspective on the two big announcements we made today.
As your muscle mass increases, you’ll be able to lift weights more easily and for longer periods of time. Over the last five years, we have significantly improved our balance sheet, eliminating more than $16 billion in debt, and reducing annual cash interest expense by more than $1 billion, and extended most maturities to 2026 and beyond. When we announced the $7.5 billion ILEC transaction last year, we specifically said that the board would assess our capital allocation policy in the wake of that transaction. We announced today that we have entered into an exclusive arrangement for the proposed sale of our EMEA business to Colt for $1.8 billion. We expect these proposed sales close as early as late 2023 pending customary regulatory approvals. Exactly how important is sales forecasting to the sound financial planning and management of a business? With divestitures of the ILEC business in 20 states, serving mostly rural customers, the divestiture of the LATAM business, today’s EMEA announcement, and the divestiture of our legacy colo business, we’ve been consistently optimizing our assets to focus on the opportunities in which we have the ability to invest, grow and be a market leader. As was the case in the LATAM and the ILEC transactions, the EMEA announcement allows Lumen to receive attractive valuations for the assets and operations, focus our investments in our key growth markets and establish excellent partners in the areas where we’ve divested these businesses.