Monday, June 08, 2009

Qwest Nixes Plans To Sell Long-Haul Network

At an estimated value of around $4 Billion Qwest announced today confirming that they will not be selling their long-haul network. I have to agree with the Telecom Ramblings blog in that this was just a trial and if they didn't like the bids today, it won't stop them from reconsidering an offer later in the year.

Check out the Qwest Press Release here

There is a nice history lesson of the 1984 AT&T break-up and the resulting baby bells on the Wikinvest site.

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