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Qwest listening to offers for its fiber-optic network

Fri, 05/22/2009 - 8:20am
Mike Robuck

Qwest Communications has set a deadline of early next month for bids on its long-haul network, but the asking price of more than $2 billion might be too rich for some prospective bidders.

According to a story by Reuters, Level 3 Communications, tw telecom – which was formerly known as Time Warner Telecom – and Sprint Nextel are interested in Qwest’s nationwide fiber-optic assets.

A source told Reuters that Verizon Communications and AT&T also could be potential bidders, but not at the current asking price.

Qwest hasn’t confirmed that its fiber-optic network is for sale, but a story in The Denver Post said that Goldman Sachs has been hired to broker a potential deal.

More Broadband Direct 05/22/09:
•  ACA survey: Retransmission agreements unfair
•  Report: Cablevision not planning on going private
•  Qwest listening to offers for its fiber-optic network
•  Mosley moving on from WICT
•  Vantrix talks convergence, competition, content
•  New French law on Internet piracy meets skepticism
•  CommScope falls after announcing note, share offer

 

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