Telecom Business Notes: (1) Qwest won contract worth more than $...
Telecom Business Notes: (1) Qwest won contract worth more than $100 million to provide network capacity to Cable & Wireless. (2) Viatel said it realigned its operations to focus on high- growth businesses and would stop providing consumer voice…
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services in countries “that do not meet long-term corporate objectives.” Streamlining will lead to staff reduction of about 30%. (3) Time Warner Telecom plans IPO of 4.4 million shares of its Class A common stock. Proceeds will be used to repay portion of $700 million senior unsecured bridge loan that Time Warner Telecom used to finance purchase of GST Telecom’s assets.