Burns, Mairin
May 2003
Investment Dealers' Digest;5/12/2003, Vol. 69 Issue 19, p52
Trade Publication
This article presents information about developments in the telecommunications industry of the investment banking sector of the U.S. Qwest Communications Inc. agreed to pay the FCC 6.5 million dollars to settle charges it sold long-distance service to customers before getting approval from regulators. The fine, the largest ever paid to the FCC, centers around Qwest's 2000 merger with regional Bell company U.S. West. Bulgaria's Privatisation Agency blocked a 239 million dollars sale of 65 percent of state telecom firm ETC Ltd. to U.S. private equity house Advent.


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