August 18, 2008 |
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.
April 23, 2010 |
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.
March 1, 2000 |
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.
May 2, 2003 |
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.
June 15, 1999 |
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.
March 18, 2005
* MCI Inc. said it would respond to Qwest Communications International Inc.'s new offer of $8.45 billion by March 28.