Advertisement
News
Advertisement

Reuters: Qwest open to deals beneficial to shareholders

Tue, 06/10/2008 - 8:10am
Traci Patterson

Qwest sees more consolidation in store for the telecom industry, and the company is open to deals beneficial to shareholders, CEO Edward Mueller said at a Deutsche Bank media and telecom conference.

"I think time will tell how this works out, but there's probably some consolidation out there yet to be had," Reuters reported Mueller as saying.

Mueller said the company would pursue anything that would be "accretive for shareholders,” according to Reuters.

Also at the conference, Mueller said that Qwest’s business results for the full year would most likely be at the lower end of its forecasts due to a weaker economy, a shift to wireless communications and competition, Reuters reported.

Mueller said that revenue and adjusted EBITDA would likely be at the lower end of Qwest’s previous guidance, but that Qwest’s adjusted free cash flow outlook for 2008 was unchanged.

More Broadband Direct:

• MSOs hire Canoe CEO, tweak ad model

• CableLabs signs up 5 more consumer electronics partners for tru2way

• Sprint greases the skids for Clearwire

• SCTE Expo exhibit hall sells out; SCTE Foundation board grows

• Cisco snags video technology company DiviTech

• Aurora adds Web-based remote monitoring to management toolbox

• Reuters: Qwest open to deals beneficial to shareholders

• UTStarcom sells CDMA biz, names CEO

• Broadband Briefs for 6/10/08

Advertisement

Share This Story

X
You may login with either your assigned username or your e-mail address.
The password field is case sensitive.
Loading