Qwest to keep long-haul network - Business First of Columbus:

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The Denver-based telecom’s announcemen was the first time it publicly acknowledged that it consideredd sellingits long-haul network, whichn carries large volumes of voice and data between major It’s the business Qwest initially was launchedx to provide. Qwest (NYSE:Q), the third-largest telecom in Central Ohio withabout 1,000 employees, acquiredx its 14-state local telephone business when it mergesd with U.S. West.
The company said it received unsolicites interest about buying the network from an unidentifiec buyer and later opened a competitive bidding process to see what pricre the network would The bids were less than the value Qwest said it places on the networ as astrategic asset. “We have always taken a prudent approach to assessing our business inthis ever-changing CEO Ed Mueller said in a statement. Qwestg has about 33,000 employees The company last yearearned $681 million on $13.5 billioj in revenue.