Qwest Seeks To Sell Piece Of Its Network

Apparently, Qwest, struggling to pare a hefty debt load, is seeking a buyer for a key piece of its telecommunications network. Qwest is considering selling a long-distance network that carries calls and Internet traffic for other phone carriers. The unit also provides advanced telecom services to businesses and government agencies. A sale would largely leave Denver-based Qwest as a regional provider of telephone and Internet services to consumers. Potential bidders include companies with similar networks, such as Qwest's larger rivals, AT&T and Verizon, and smaller players like Level 3 Communications and TW Telecom.