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Qwest, Global Crossing split telco spoils

After a lengthy fight, Qwest wins a bidding war for local telephone giant US West, undercutting an offer from Bermuda upstart Global Crossing. But the latter claims Frontier Communications.

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After a lengthy fight, Qwest wins a bidding war for local telephone giant US West, undercutting an offer from Global Crossing. The Bermuda upstart didn't walk away empty-handed, however, claiming Frontier Communications.

"We believe this transaction positions Qwest to be the benchmark large-capital growth company in the new millennium."

- Qwest chief executive Joe Nacchio

 


Telco bidding war reaches friendly end
A billion-dollar bidding war concludes with Qwest acquiring US West and Global Crossing winning Frontier.

Qwest-US West should win FCC approval
The proposed $40.5 billion merger between Qwest and US West will likely win regulatory approval, analysts said.

Previous coverage
Deal between Qwest, US West may be close
US West's board of directors could approve a takeover offer from Qwest Communications International as early as this weekend, according to media reports.

Global Crossing makes its case for Frontier
Global Crossing, the Bermuda-based company which is in a bidding war with Qwest over US West and Frontier, files a proxy statement with federal regulators detailing its plans for acquiring Frontier.

Is Qwest still all talk?
news analysis In spite of its futuristic image, a key part of Qwest Communications' strategy may be rooted firmly in the past.

Qwest makes a bid to become a telecom giant
news analysis With its $55 billion hostile bid for US West and Frontier Communications, Qwest Communications International is risking its high-flying Wall Street position to enter the top ranks of the telecom players.

The secret behind US West's sex appeal
US West overnight turns into a telecommunications prom queen, with Qwest Communications International and Global Crossing in a $40-billion bidding war for its hand.

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