Qwest: We won't rule out M&A

Qwest Communications, despite a failed attempt this year to sell off its long-haul network assets, has managed to keep itself clear of any major acquisition or merger. Stopping short of announcing any possible deals of its own, Qwest's CEO and Chairman Ed Mueller said during the Goldman Sachs Communacopia conference that the company thinks there's "more opportunity" for service provider consolidation.

Mueller cautioned that Qwest will not strike deals just for the sake of using them to become a bigger company. Instead, he said "we'd want to do it in a way that our shareholders are advantaged and not disadvantaged."

Mueller added that this was one of the reasons why Qwest decided not to participate in the CenturyTel and EMBARQ merger. "That didn't mean we wouldn't have been interested," he said while noting that it will consider the possibility of potential deals, whether they involve selling assets or acquiring another service provider.

But with the large Tier 2 deals still in the midst of their respective integration processes, activity that will likely continue into the beginning of next year, it's unlikely that any major telco deals will happen.

For more:
- Reuters has this report

Related articles
Qwest says it won't sell long-haul network
CenturyTel-Embarq deal breeds CenturyLink

Suggested Articles

Vodafone Business announced this week that it has launched a new resource hub to help businesses bounce back from the impact of the COVID-19 pandemic.

CenturyLink's Shaun Andrews has a contrarian view in regards to how much the pandemic fueled digital transformations.

Data center provider Stream Data Centers is leaning on Cox Business' fiber network for its new data center campus in Goodyear, Arizona.