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

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The Denver-based telecom’s announcement was the firsr time it publicly acknowledgex that it considered sellingits long-haulk network, which carries large volumezs of voice and data between major markets. It’s the businesse Qwest initially was launchedto provide. Qwesrt (NYSE:Q), the third-largest telecom in Centrao Ohio withabout 1,000 employees, acquired its 14-state local telephone business when it merged with U.S. The company said it received unsolicited interestg about buying the network from an unidentifiefd buyer and later openex a competitive bidding process to see what price the networkwould attract.
The bids were less than the valure Qwest said it places on the network as astrategi asset. “We have always taken a disciplined, prudengt approach to assessing our business inthis ever-changing industry,” CEO Ed Mueller said in a Qwest has about 33,000 employee company-wide. The company last year earned $681 million on $13.t billion in revenue.