WSJ: Qwest, Verizon in talks regarding possible wholesale deal
According to the WSJ, at an analyst conference on Tuesday, Verizon CEO Ivan Seidenberg said that Verizon Communications – which owns Verizon Wireless via a joint venture with Vodafone – has discussed a possible wholesale deal with Qwest.
On Monday, Qwest said that it is in the midst of looking for a new mobile networking partner that will allow the company to fully integrate cellular telephony into its bundles and help it offer richer wireless broadband services (story here).
To date, Qwest has been buying minutes from Sprint and reselling them with private-labeled handsets.
Qwest has no wireless assets of its own. As it was digging itself out of a financial hole several years ago, the company was compelled to sell off all of its spectrum licenses and wireless infrastructure (and Verizon was the buyer).
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