Apr 14, 2009 7:38 PM
This will surely go down as one of the biggest scandals in telecom history. After a years-long court battle that spanned various appeals and verdict reversals, former Qwest CEO Joseph Nacchio has reported to minimum-security prison to serve a six-year sentence for insider trading. In 2007, Nacchio was convicted of…
Posted In: Legal, Regulatory, Money, joseph nacchio, qwest
Oct 29, 2008 7:30 AM
Qwest Communications reported third quarter net income plummeted 93 percent to $151 million or $0.09 per share, compared to $2.07 billion or $1.08 per share a year ago. But the year ago period included a one-time tax benefit of $2.1 billion and a $353 million charge for legal matters, while…
May 5, 2008 4:10 PM
With all the fuss today about Sprint Nextel’s future, this is a piece of news I’m sure they rather not get out. Qwest announced today that it has signed a five-year agreement with Verizon Wireless for Qwest to market and sell Verizon Wireless services beginning this summer. Financial terms were…
Mar 17, 2008 1:45 PM
It’s been no secret that Qwest has been on the lookout for a new wireless partner, but Qwest’s CEO Edward Mueller said today buying a wireless company is not an option. In an interview with GigaOm’s Om Malik, Mueller said one of the projects that has been keeping him busy…
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