Monday, April 6, 2009

Qwest Provides Financial Update

Qwest Communications expects to report Q1 free cash flow and EBITDA results that are in line with the full-year guidance the company provided in its fourth quarter earnings release. Qwest expects that first quarter EBITDA will exceed consensus analyst estimates. Although the company did not provide revenue guidance, it expects that first quarter consolidated revenues will be modestly lower than consensus analyst estimates.
Full results are expected on April 29.

In addition, Qwest announced that it is offering $300 million aggregate principal amount of debt securities in a private placement.

The net proceeds of the offering will be used for general corporate purposes, including repayment of Qwest Corporation's indebtedness, and funding and refinancing investments in the company's telecommunications assets.

See also