Qwest Makes $300 Million First Bid for Allegiance Telecom, But It May Not Be the Last

Sector:Digital Home - U.S., Business Network Services - U.S.

Pages:5

Publisher:Current Analysis

Qwest Makes $300 Million First Bid for Allegiance Telecom, But It May Not Be the Last

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Allegiance Telecom has been on the block since it declared bankruptcy in May, and now that Qwest has made a $300 million play for the CLEC, other suitors may follow. But Allegiance has never been in the black, and a turnaround could be painful.