Qwest Takes Long-Distance Network off the Block
Posted by Jesse Ward on Monday, June 8, 2009 · 
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Qwest announced this morning that it is retracting the sale of its long-haul network after failing to attract a sufficient bid. Its long-haul network serves as a wholesale business, carrying long-distance voice and Internet traffic for other phone carriers.
According to reports in The Wall Street Journal, Qwest was seeking $2 billion to $3 billion, but offers totaled less than $1 billion. Read more