Qwest Improves Its 2nd Quarter

Summary


DENVER -- Qwest Communications International Inc. reported a 79 percent drop in its second-quarter loss Tuesday, crediting both higher revenue and lower costs after its unsuccessful battle for MCI Inc.

Chief Executive Officer Dick Notebaert was pleased with the results but left the door ajar for a potential acquisition, noting there are opportunities if the price is right.

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Qwest Improves Its 2nd Quarter

"Acquisitions must make sense strategically, operationally and financially," he told analysts during a conference call. "We're not in any hurry, and we're not g...

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