long-distance service

Qwest looking to unload long-distance business?

Qwest Communications International is reportedly seeking a buyer for its long-distance carrier business, as the company searches for ways to lower its outstanding debt load, according to a report Thursday in The Wall Street Journal.

Qwest, a struggling telecommunications carrier that ranks third in the nation, is reportedly hoping to raise $2 billion to $3 billion through the sale of its long-distance carrier business, according to the story which cited sources familiar with the matter.

That would pare down the footprint of the Denver-based telecommunications company, leaving it as a regional telecommunications player.

But such a sale could help offset … Read more