Reports: Qwest taking long-haul bids, not talking

Qwest Communications still has not confirmed that it wants to sell its long-haul network, but according to a story in the Denver Post, ongoing reports suggest the company is actively shopping the network and wants potential buyers to submit bids by early next month. Several analysts have suggested that Qwest is seeking--or at least values its long-haul assets at--more than $2 billion.

Longtime Qwest follower Donna Jaegers, analyst with D.A. Davidson & Co, says in the Denver Post story that possible bidders may be few and far between. Cogent Communications said recently said that it likely would not buy the property, though several other companies have been reported as prospective bidders.

For more:
- The Denver Post has this story
- Gerson Lehrman Group has this analysis

Related article
Cogent said it was put off by Qwest's asking price

Suggested Articles

icrosoft took the wraps off of a new cloud service for Azure via its partnership with Genesys.

Ahead of next month's fourth quarter earnings, Windstream touted its 2019 broadband achievements this week.

Cincinnati Bell announced on Friday that it has received an unsolicited buyout bid from an "infrastructure fund" for $12 a share in cash.