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Qwest To Keep Long-distance Business

Stock quotes in this article: LVLT , Q  

DENVER (AP) — Qwest Communications International Inc. on Monday said it is calling off the auction for its nationwide long-haul data and telephone network.

The Denver-based phone company said the network was more valuable to the company than the amount it would raise in a sale.

Qwest did not say how much the bids it received were worth. News reports last week indicated Qwest received bids far below the $2 billion to $3 billion it wanted. ...

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