Wednesday, May 03, 2006

Qwest finally turning around?

Qwest, the US' 4th largest telco group has just announced an increase in revenues, which they have not managed to do for a very long time. And it loooks as though their focus on hi-speed Internet access is paying off - which is a good thing for fixed line customers keep diminishing as they defect to VOIP provisders such as Vonage and Comcast.

Qwests net income increased to $88m, or 5 cents a share, from $57m, or 3 cents a share, a year earlier on revenues which edged up to $3.48bn from $3.45bn. Now that Qwest is back on firmer footing they should look at an acquisition. How about buying Vonage?

No comments: