Qwest listening to offers for its fiber-optic network
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.