That can help our customers, you know, get the voice that they need in the context of the overall Lumen portfolio of business. So it's a connected ecosystem play that I think will enable better economics for the company.
Operator
As a reminder, to register for a question, please press star followed by one on your telephone keypad. Your next question comes from Eric Lubko with Wells Fargo. Your line is open. Please proceed with your question.
Great. Thanks for taking the question. There's obviously been a ton of talk about how satellite could potentially impact telecom, and Kate, you brought this up. Just wondering if you could comment on how, you know, satellite broadband could maybe help you accelerate your copper decommissioning and what type of cost savings opportunity that could represent for Lumen longer term. And then secondly, maybe, Chris, you could just touch on the trajectory of the cost savings opportunity, the billion-plus by 2027, where we are in that journey and what we should expect through the balance of the year.
Part of our voice strategy is basically to provide whatever capability makes sense for that customer and to give them choice along the way. So whether it's fixed wireless or satellite, you know, we have the capability to drop an airline puck in place of, you know, the infrastructure that they have today to give them immediate capabilities to replace, which I think is a great thing. And we're starting to get that motion in place to do it at scale. So, separately, you know, satellite is a significant part of our business as well, because as we've talked about in the past, data needs to find fiber as fast as possible. So, we do the backhaul for the satellite companies, and, you know, it's growing pretty significantly. Yeah.
And on the modernization simplification, when we guided the year, we said $700 million exiting this year, $1 billion exiting next year. And we are on track to deliver against both of those. It's frankly a piece, a big piece of how we inflect EBITDA this year while, you know, revenue hasn't inflected yet. So the revenue declines slowing is certainly a help, but the M&S savings are what push us there. And I'd say, more importantly, the learning that we've been able to extract around the legacy business because of that modernization and simplification program, in terms of truly understanding the economic value of individual circuits and routes to market, is what's allowing us to be more aggressive on how we ultimately wind down that portfolio. So a few years ago, we would not have had the level of information that we have today. And it's just allowing us to move faster on becoming a digital company. So it's worked out really well for us.
Operator
There are no further questions at this time.
I'll now turn the call back to Kate for closing remarks. so the transformation is going well and we're really excited and I just wanted to take a minute to thank all luminaries for their incredible work and contribution let's keep going and thanks to everybody today for great engagement on the call and a great discussion have a great day that does conclude the conference call for today we thank you for your participation and ask that you please disconnect your line have a great day everyone
