Advertisement
YOU ARE HERE: LAT HomeCollectionsQwest Communications International
IN THE NEWS

Qwest Communications International

FEATURED ARTICLES
BUSINESS
November 16, 2002 | From Associated Press
Qwest Communications International Inc. said it has found more accounting mistakes that will force it to erase $358 million more in earnings before interest, taxes, depreciation and amortization for 2000 and 2001. Qwest previously disclosed that it overstated revenue by $1.86 billion in 2000 and 2001, affecting $1.2 billion in earnings. Qwest also said it could have trouble meeting debt service obligations in 2004 if economic conditions do not improve.
ARTICLES BY DATE
BUSINESS
April 23, 2010 | Steve Goldstein and Jeffry Bartash, Goldstein and Bartash write for MarketWatch.com / McClatchy.
CenturyTel Inc. on Thursday said it will buy Qwest Communications International Inc. for $10.6 billion in stock, making it the third-largest provider of traditional local-phone service in the United States. The deal values Qwest at $6.02 a share and represents a 15% premium above Qwest's closing price on Wednesday. The proposed merger is the latest in a series of deals that have consolidated a splintered local-phone industry. The landline business has been shrinking for years as customers switch to cable phone service or rely entirely on wireless, forcing local carriers to bulk up to avoid a slow death.
Advertisement
BUSINESS
March 4, 2000 | Reuters
US West Inc. Friday demanded that its merger partner, Qwest Communications International Inc., disclose the status of talks with rumored bidder Deutsche Telekom, saying it will hold Qwest responsible for damages to their $36-billion merger agreement. In a letter sent to Qwest's general counsel, US West said, "We are extremely concerned that these discussions [with Deutsche Telekom] are ongoing with no information being provided to us.
BUSINESS
August 18, 2008 | From the Associated Press
Qwest Communications International Inc. and members of its largest union headed back to the bargaining table Sunday for further negotiations after a labor contract expired. The talks come a little more than a week before the start of the Democratic National Convention in Denver, where Qwest is providing phone and Internet services. Qwest also is providing service to the Republican National Convention that begins Sept. 1 in Minneapolis-St. Paul. Workers represented by the Communications Workers of America had voted to authorize a strike if needed, but CWA organizing coordinator Al Kogler said no strike had been called when the contract expired after 11:59 p.m. Saturday.
BUSINESS
August 18, 2008 | From the Associated Press
Qwest Communications International Inc. and members of its largest union headed back to the bargaining table Sunday for further negotiations after a labor contract expired. The talks come a little more than a week before the start of the Democratic National Convention in Denver, where Qwest is providing phone and Internet services. Qwest also is providing service to the Republican National Convention that begins Sept. 1 in Minneapolis-St. Paul. Workers represented by the Communications Workers of America had voted to authorize a strike if needed, but CWA organizing coordinator Al Kogler said no strike had been called when the contract expired after 11:59 p.m. Saturday.
BUSINESS
April 23, 2010 | Steve Goldstein and Jeffry Bartash, Goldstein and Bartash write for MarketWatch.com / McClatchy.
CenturyTel Inc. on Thursday said it will buy Qwest Communications International Inc. for $10.6 billion in stock, making it the third-largest provider of traditional local-phone service in the United States. The deal values Qwest at $6.02 a share and represents a 15% premium above Qwest's closing price on Wednesday. The proposed merger is the latest in a series of deals that have consolidated a splintered local-phone industry. The landline business has been shrinking for years as customers switch to cable phone service or rely entirely on wireless, forcing local carriers to bulk up to avoid a slow death.
BUSINESS
March 1, 2000 | From Reuters
US West Inc. Chairman Sol Trujillo, citing disagreements with his counterpart at Qwest Communications International Inc. over strategy and responsibilities, said Tuesday that he would leave after the telephone companies complete their planned $36-billion merger.
BUSINESS
May 2, 2003 | James S. Granelli, Times Staff Writer
Qwest Communications International Inc. paid a record $20.3-million fine for illegally switching thousands of California customers' long-distance phone service and putting unauthorized charges on their telephone bills, state regulators said Thursday. The fine is the highest ever paid by a telecommunications firm for practices known as slamming and cramming.
BUSINESS
June 15, 1999 | ELIZABETH DOUGLASS, TIMES STAFF WRITER
Investors in Qwest Communications International on Monday pummeled the Denver phone company's stock one day after the firm moved to buy US West Inc. and Frontier Corp. and break up pending deals with rival Global Crossing Ltd. Reacting to Qwest's unsolicited offer for a stock swap, announced Sunday, Wall Street sent shares of the upstart telecommunications company down $10.75, substantially reducing the value of its bids for the two phone companies.
BUSINESS
March 18, 2005
* MCI Inc. said it would respond to Qwest Communications International Inc.'s new offer of $8.45 billion by March 28.
BUSINESS
May 2, 2003 | James S. Granelli, Times Staff Writer
Qwest Communications International Inc. paid a record $20.3-million fine for illegally switching thousands of California customers' long-distance phone service and putting unauthorized charges on their telephone bills, state regulators said Thursday. The fine is the highest ever paid by a telecommunications firm for practices known as slamming and cramming.
BUSINESS
November 16, 2002 | From Associated Press
Qwest Communications International Inc. said it has found more accounting mistakes that will force it to erase $358 million more in earnings before interest, taxes, depreciation and amortization for 2000 and 2001. Qwest previously disclosed that it overstated revenue by $1.86 billion in 2000 and 2001, affecting $1.2 billion in earnings. Qwest also said it could have trouble meeting debt service obligations in 2004 if economic conditions do not improve.
BUSINESS
March 4, 2000 | Reuters
US West Inc. Friday demanded that its merger partner, Qwest Communications International Inc., disclose the status of talks with rumored bidder Deutsche Telekom, saying it will hold Qwest responsible for damages to their $36-billion merger agreement. In a letter sent to Qwest's general counsel, US West said, "We are extremely concerned that these discussions [with Deutsche Telekom] are ongoing with no information being provided to us.
BUSINESS
March 1, 2000 | From Reuters
US West Inc. Chairman Sol Trujillo, citing disagreements with his counterpart at Qwest Communications International Inc. over strategy and responsibilities, said Tuesday that he would leave after the telephone companies complete their planned $36-billion merger.
BUSINESS
June 15, 1999 | ELIZABETH DOUGLASS, TIMES STAFF WRITER
Investors in Qwest Communications International on Monday pummeled the Denver phone company's stock one day after the firm moved to buy US West Inc. and Frontier Corp. and break up pending deals with rival Global Crossing Ltd. Reacting to Qwest's unsolicited offer for a stock swap, announced Sunday, Wall Street sent shares of the upstart telecommunications company down $10.75, substantially reducing the value of its bids for the two phone companies.
BUSINESS
April 13, 1998
* Qwest Communications International Inc. today plans to announce that about one-third of its fiber-optic phone network that connects California and New York is complete.
Los Angeles Times Articles
|