Qwest sees struggles ahead for 2008

Qwest yesterday lowered its outlook for the year, citing the weakness in the economy and competition from wireless providers and cable VoIP offerings. CEO Edward Mueller told a Deutsche Bank conference in New York he expects revenue and earnings to come in at the lower end of this year's forecasts.

"In the marketplace there's a lot of head-wind, as you know, from the housing downturn, the financial woes of our country right now," Mueller said.

Qwest's February forecast called for sales near or slightly below its $13.8 billion in 2007 revenue. It also now expects its operating earnings to be relatively flat.

Qwest yesterday also delivered less-than-good news to its customers, raising a la carte products 7 to 28 percent, citing changing market conditions.

For more:
- See the Rocky Mountain News story

Suggested Articles

On the heels of TalkTalk shareholders approving the deal to sell FibreNation to CityFibre, CityFibre is now targeting 8 million premises in the U.K.

Cisco's Kevin Wollenweber has turned into a COVID-19 sleuth of sorts over the past few weeks as he tracks the virus' impact on networks.

The coronavirus pandemic has led to organizations of all sizes sending their employees home for work, but will they want to return to the office?