Qwest no longer selling long-distance network
Submitted: June 8, 2009 - 8:54pm
Originally published: June 8, 2009
Last updated: June 8, 2009 - 8:54pm
Originally published: June 8, 2009
Last updated: June 8, 2009 - 8:54pm
Source:
Reuters
Qwest said Monday it is not selling its long-distance phone network after completing a comprehensive review and a bidding process with interested parties. The company's shares fell more than 4% in premarket trading after the company decided that the phone network asset holds far more value to its shareholders and is more strategically important to the company.
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