Qwest Approved For Further Bidding

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Qwest Communications has been approved to continue bidding on future government contracts.

Two and a half years ago, the company was under review by federal officials in relation to an accounting scandal.

In choosing Verizon’s $6.75 billion offer over Qwest’s $8 billion bid, Ashburn, Va.- based MCI’s board considered the possibility that Qwest could lose the right to contract with the government, among other things, one major MCI shareholder said.”

“They went around telling everybody, ‘How the hell can we talk to somebody who is being threatened by the GSA to be suspended when the GSA is our largest customer,”‘ said the shareholder, who spoke on condition of anonymity.

Qwest’s new bid is expected to be similar to its last one.

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Qwest Approved For Further Bidding
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