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Short Take: Qwest completes Icon CMT deal

Telecommunications carrier Qwest Communications International has completed its $185 million acquisition of Internet services company Icon CMT. Qwest, which is building a new 18,000 mile packet-switched fiber optic network, bought Icon to bolster its data services offerings. Icon chief executive Scott Baxter will serve as president of Qwest's Internet Solutions business unit.

Telecommunications carrier Qwest Communications International has completed its $185 million acquisition of Internet services company Icon CMT. Qwest, which is building a new 18,000 mile packet-switched fiber optic network, bought Icon to bolster its data services offerings. Icon chief executive Scott Baxter will serve as president of Qwest's Internet Solutions business unit.