Business

Wishful Qwest CEO sees future for landlines

How many of you have gotten rid of your old landline? Plenty, no doubt -- and that's created a pain in the pocketbook for Denver-based Qwest. Still, the firm's CEO, Ed Mueller, isn't ready to toss what was once a centerpiece of the firm's success on the historical scrap heap alongside eight-track tapes and Betamaxes. In a meeting with assorted industry analysts covered by Dow Jones, Mueller acknowledged that Qwest faces escalating losses related to the fixed-line side of things, but he thinks the decline will end sooner or later. "We don't know when the bottom is," he conceded. "I do believe there will be a bottom." In the meantime, he said the business is "bumping along."

Not exactly a ringing endorsement.

KEEP WESTWORD FREE... Since we started Westword, it has been defined as the free, independent voice of Denver, and we'd like to keep it that way. With local media under siege, it's more important than ever for us to rally support behind funding our local journalism. You can help by participating in our "I Support" program, allowing us to keep offering readers access to our incisive coverage of local news, food and culture with no paywalls.
Michael Roberts has written for Westword since October 1990, serving stints as music editor and media columnist. He currently covers everything from breaking news and politics to sports and stories that defy categorization.
Contact: Michael Roberts