Feeds

Qwest loses in first quarter

But losing more slowly...

  • alert
  • submit to reddit

Top 5 reasons to deploy VMware with Tegile

Qwest has posted a $310m loss for the first quarter, ended 31 March, its eleventh consecutive quarterly loss. But the US telco thinks things are getting better.

The company lost $310m on turnover of $3.48bn, down 3.9 per cent on the same period last year. It says that losses are levelling off after losing 5.6 per cent of revenue in the last quarter of 2003. It forecasts this trend may give Qwest full year revenue growth.

Richard Notebaert, chairman and CEO, said: "Record gains in DSL and long-distance are evidence that we are giving customers what they want. We also continue to see positive momentum in the enterprise space ...And, we will continue to assert our leadership in a rapidly evolving and highly competitive marketplace, as we have with VoIP and naked DSL."

Improvements were driven by DSL and long distance lines. The company signed up 1.2m long-distance lines in the quarter. It also signed 1,800 contracts with enterprise customers for bundled long-distance and IP services. It also signed agreements with big customers including John Deere, State of California, the US Air Force and the University of Tennessee. Qwest also signed up over 100,000 new DSL customers, up from 60,000 in the last quarter of 2003.

But total access lines were down one per cent on last quarter and Qwest lost 97,000 primary consumer access lines - better than the 169,000 lines it lost in the fourth quarter of 2003. ®

Related stories

Broke telcos doing everything they can - Qwest exec
US Internet homes aware of VoIP and want it now
Qwest to sell VoiP to Harry Homeowner

Beginner's guide to SSL certificates

More from The Register

next story
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Lords take revenge on REVENGE PORN publishers
Jilted Johns and Jennies with busy fingers face two years inside
Yes, yes, Steve Jobs. Look what I'VE done for you lately – Tim Cook
New iPhone biz baron points to Apple's (his) greatest successes
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Edward who? GCHQ boss dodges Snowden topic during last speech
UK spies would rather 'walk' than do 'mass surveillance'
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.