Qwest said its third quarter net income was $136 million or $0.08 per share, compared to $145 million or $0.08 per share in the same quarter last year. Sales declined 9.6 percent to $3.05 billion.
The company said wireless substitution, increased unemployment, low business formation and soft housing trends" in its 14-state region continued to hamper voice revenues.
Oct 28 · 9:57:00 AM · Source: Company News Release
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