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story category Qwest Shopping Itself Around
CEO: My, don't we look tasty!
(old news - 06:22PM Thursday Jun 08 2006)
tags: business · telco
In a recent NY Times report, we noted Qwest CEO Richard Notebaert seemed to be fishing for buyers for the telco, judging from his response to this question:
Belson: Might you be more of an acquisition target?
Notebaert: If I looked at it as a consultant or an adviser, I would look at Qwest today and say most of the things that made me uncomfortable before are gon.. Again, the government ­ at every level we're O.K. The debt load's down, profitability's up. Everything's squared away and there's no threat of bankruptcy, which you might have thought about a few years ago. And the company has solid performance characteristics. And it's throwing off good cash. It's profitable. And it's got a wonderful group of employees. So I don't think we're unattractive.
Industry analyst Dave Burstein (of DSLPrime) reports in his latest newsletter that Notebaert and others might be eager to get out, while the gettin' is good. After pointing out the company's troubled financials, he notes: "A more cynical way to look at it is Notebaert and Anschutz are smart enough to sell before cable VOIP, Seattle and Utah municipal networks, and wireless substitution clobber the company."

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Forums » Qwest Shopping Itself Around
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Post a:
NewMariner

join:2005-06-24

Verizon Eats Qwest

My prediction will be Verizon will snatch it up.

JohnDrenZ
Premium
join:2000-04-03
Phoenix, AZ

Re: Verizon Eats Qwest

I hope your prediction is right. I want my 11 years, I had with verizon back (took buyout when we reloacted to AZ) + my 3 years with qwest and I will be happy.

dvd536
as Mr. Pink as they come
Premium
join:2001-04-27
Phoenix, AZ

said by NewMariner See Profile :

My prediction will be Verizon will snatch it up.
I hope so. at least that would give me some hope of getting FIOS without having to move.
--
You can never be too rich, too thin or have too much Bandwidth

batterup
I Can Not Tell A Lie.
Premium
join:2003-02-06
Netcong, NJ
clubs:
·Verizon Online DSL

said by NewMariner See Profile :

My prediction will be Verizon will snatch it up.
I don't think so. Verizon is trying to unload the rural areas, New England and some mid-west states. Verizon dumped Hawaii last year. Verizon is going for the high profit densely populated affluent areas. ;-p

The public demanded the Bell System be broken up and now they have it.

The only thing I can possibly see it the government getting involved and declaring a national broadband FIOS is a national security issue. Then all of the former Bell Companies, Bell Labs, Lucent, Avia and Western Electric will be brought together under one holding company. Now what could the name of that holding company be. I KNOW AT&T and associated companies.
GigahertZ420

join:2001-10-02
Fairbanks, AK

I hope they remain

I love the service they offer. I also love the fact they told the NSA to take a hike!

CO_Chris
Premium
join:2001-08-28
Broomfield, CO

YES Please

Yes Please Verizon buy them and bring FIOS to DENVER.

joshuapat

join:2002-01-04
Saint Paul, MN
clubs:

Re: YES Please

And to Minneapolis!
fiberguy
My views are my own.
Premium
join:2005-05-20

Re: YES Please

I could pretty much agree with you there. The lesser of the two evils would be Verizon. Minnesota won't put up with the crap that AT&T/SBC would try to pull here. Not in a million years.. if you know what they did to Qwest and US West in the past, you'd definetly agree.
RayW
Premium
join:2001-09-01
Layton, UT
clubs:

Hurry up UTOPIA!

Glad to see they are worried that UTOPIA will not be a failure, despite what some people were trying to say.
--
I am not lost, I find myself every time.
pepperxn

join:2001-02-21

who could buy qwest

This would go against Verizon's plans. They don't want rural areas. Plus they're already looking into paying around $48-50 billion for the remaining 45% of VZ Wireless.

Qwest, at $14.6 billion marketcap, will be a tough buy for another fiber carrier.

The buyer won't be at&t, could be a cable company, or even Google.

dvd536
as Mr. Pink as they come
Premium
join:2001-04-27
Phoenix, AZ

Re: who could buy qwest

said by pepperxn See Profile :

This would go against Verizon's plans. They don't want rural areas. Plus they're already looking into paying around $48-50 billion for the remaining 45% of VZ Wireless.

Qwest, at $14.6 billion marketcap, will be a tough buy for another fiber carrier.

The buyer won't be at&t, could be a cable company, or even Google.
I don't care who it is as long as they lay fibre to my house and light me up!
--
You can never be too rich, too thin or have too much Bandwidth
Slacker44

join:2001-05-10
Gilbert, AZ
Verizon knows if they don't do it someone else will. They could make a lot of money here in Phoenix that's for sure.
fiberguy
My views are my own.
Premium
join:2005-05-20
It's not the rural area that Verizon would care about.. what makes Qwest attractive to any of the others is the back bone and the crossing in the Washington state area... other than that.. Qwest is crap.

CCTVTech
Premium
join:2003-04-23
Phoenix, AZ
clubs:
Google Broadband via fiber, hell ya!
ITALIAN926

join:2003-08-16
Stratford, CT
Cable co or google>? Are u out of your mind?
patcat88

join:2002-04-05
Jamaica, NY

Re: who could buy qwest

said by ITALIAN926 See Profile :

Cable co or google>? Are u out of your mind?
ditto, how about the yeti buying Qwest? I personally bet ATT since they know how to make money out of 14kilobit rural phone lines.

GilbertMark
Premium
join:2001-05-02
Gilbert, AZ

Hey!

Come on BBR, let's all pitch in, buy it ourselves and show them how to really run a company.
--
Got a V3? Want to get the most out of it? Check out my site »hacktheV3.com

Anti_Cyrix
Premium
join:2003-03-06
Sacramento, CA

Re: Hey!

How much you got on it?
Forums » Qwest Shopping Itself Around


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