Qwest Needs to Reduce Its Debt Ratio, Ceo Says
Deseret News (Salt Lake City) › May 07, 2004
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Summary
Qwest Communications International Inc., which has had three years of declining sales, needs to reduce a key debt ratio by about half, chief executive officer Richard Notebaert said Thursday.
Qwest, the fourth-biggest U.S. local-telephone carrier, had debt of $15.7 billion in March, after subtracting cash, or 4.5 times its annual cash flow. The credit-rating services would like that to fall to between 2 times and 2.5 times, Notebaert said at a conference.See the full content of this document
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Qwest Needs to Reduce Its Debt Ratio, Ceo Says
"We need to get it in that area," Notebaert said in a question- an...
See the full content of this document
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