Qwest delays directory sale
Qwest has reportedly pushed back the deadline for interested parties to submit final bids on its directory unit. The bids, which were originally due today, are now due July 12, according to a report in The Wall Street Journal.
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The decision comes just days after a shake-up in the company’s top management, in which Joe Nacchio was replaced as chairman and CEO by former Ameritech leader Richard Notebaert. Notebaert reportedly is delaying the bidding process in order to give himself time to assess Qwest’s finances and operations. A spokesman for Qwest declined to comment.
--Toby Weber, Staff Writer
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© 2012 Penton Media Inc.
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