Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Qwest Communications (Q) (formerly QWST) -- Ignore unavailable to you. Want to Upgrade?

To: TideGlider who wrote (1573)	6/18/1998 3:09:00 PM
From: MangoBoy	Read Replies (1) \| Respond to of 6846

[Qwest CEO: Would Consider MCI, WorldCom Internet Assets Buy] NEW YORK (Dow Jones)--Qwest Communications International Inc. would consider buying the Internet assets of MCI Communications Corp., but it isn't going to get into a bidding war over them, said Chairman and Chief Executive Joseph Nacchio. The communication-services company could use the telecom giant's infrastructure to build out its own Internet operations, Nacchio said Thursday in an interview with CNBC, but it wouldn't be heartbroken if Qwest simply had to build its own. "If these (assets) were attractive and priced right, these would be something we would look at," Nacchio said. As reported, MCI's Internet assets could potentially come up for sale as part of a deal with U.S. and European regulators to clear the merger of MCI and WorldCom Inc. Nacchio said he has spoken with officials at WorldCom about the sale of MCI's Internet operations, but "I'm sure they've spoken to a lot of other people also," he hedged. Still, the chief executive admitted that the assets could be "very synergistic" with Qwest's existing operations, and that acquisition is a viable way for the company to expand its Internet business.