Stocks to Watch: Qwest Says Major Telco Pulls Out of Talks

Qwest Communications (Q Quote) said last night that "a major telecommunications company" pulled out of talks to acquire it and U S West (USW Quote), which are already planning to merge. The major telecom firm mentioned by Qwest has been identified in numerous published reports as Deutsche Telekom (DT Quote). Qwest placed some blame on U S West for the potential acquirer pulling out of the takeover talks.

Mergers, acquisitions and joint ventures

CoreComm Limited (COMM Quote), a provider of integrated telephone, Internet and data services to business and residential customers in targeted markets in the U.S., is acquiring ATX Telecommunications Services, a privately held company, for $900 million. ...