April 10, 2000 |
US West Inc., which was seeking to extend its contract with about 35,000 workers, said Sunday that it couldn't reach an agreement with the union and will leave in place the current labor pact, which expires in August 2001. The telecommunications company said it held two days of negotiations with the Communications Workers of America. Denver-based US West proposed the extension to quell fears that Qwest Communications International Inc., which agreed last year to acquire US West for about $50.
March 11, 2000 |
The Federal Communications Commission approved Qwest Communications International Inc.'s planned acquisition of Baby Bell US West Inc., subject to a planned divestiture of some long-distance customers. The merger, which had been under pressure from a now-abandoned bid by German carrier Deutsche Telekom, has already been approved by shareholders and the Justice Department, but several states in Denver-based US West's 14-state region continue to review the deal.
March 7, 2000 |
In a move to win approval of their planned merger, US West Inc. and Qwest Communications International Inc. reached a settlement with Washington state regulators that would freeze phone rates until 2004 and establish financial incentives for quality control. The agreement requires the merged company to improve the state's telecommunications network and to meet certain quality standards or else pay customers as much as $20 million a year.
March 6, 2000 |
Qwest Communications International Inc., the No. 4 U.S. long-distance phone company, confirmed Sunday that it was in talks with a major telecommunications company about the possible takeover of it and its existing merger partner, US West Inc. Denver-based Qwest declined to name the suitor, but sources familiar with the situation said the talks were with German phone giant Deutsche Telekom.
March 4, 2000 |
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.
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.