Monday, August 1, 2005

Qwest Adds 68,000 DSL Lines in Q2

Qwest Communications added 68,000 DSL lines in Q2, bringing its total to 1.2 million. This compares with 85,000 DSL lines added in Q1. The company said it expects that network deployment, newly launched bundles, promotions and pricing initiatives will increase penetration and growth of its DSL services. As of the close of the quarter, 73% of households within the company's operating region could purchase high-speed Internet services. This is an increase from 67% at year end 2004. The company expects to end the year with 75% of households eligible for high-speed Internet services.

Qwest also noted that approximately 60% of its new subscribers are choosing higher speed service, including premium Internet access that reaches speeds of up to 5 Mbps.

Financially, Qwest reported Q2 revenue of $3.47 billion, compared to $3.45 billion in Q1 and $3.44 billion in Q2 a year ago. This represents the fifth consecutive quarter of stable revenues, as well as year-over-year growth in mass markets and business revenues.

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