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News > Deals
FCC Oks US West-Qwest merger
June 26, 2000: 2:14 p.m. ET

New company will control 3 million miles of fiber optic cable, employ 64,000
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NEW YORK CITY (CNNfn) - The FCC has approved the proposed $50 billion merger of U S West and Qwest Communications, according to Reuters News Service.

The new company to be called Qwest Communications International Inc. will control 3 million miles of fiber-optic cable in the United States, Europe and Asia. The merger will combine 64,000 employees and 29 million customers.

Qwest, which offers both long-distance and Internet service, brings a worldwide optic fiber network to the merger. U S West gets an opportunity to expand into new lines of business, including long-distance.

The Federal Communications Commission gave conditional approval to the merger in March. Back to top





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