Tuesday, 10 February 2009

Qwest’s final quarter results beat Wall Street estimates – USA

Qwest Communications has reported profits of 11 cents per share for Q408.

According to Qwest, the margins have improved on account of enhanced revenue mix and stronger cost cutting measures. For Q408, the company added 54,000 net broadband customers (Fiber-to-the-node network) and also moved more than 180,000 MVNO customers from Sprint the to Verizon Wireless network.

Qwest expects an adjusted EBITDA of USD 4.4 billion and adjusted free cash flow of USD 1.4 to USD 1.5 billion in 2009. Qwest also plans to make a capital investment of USD 1.8 billion in the future.