Qwest used Improper Accounting

  1. 4,699 Posts.
    and they are way in debt

    Qwest had $26.5 billion in debt as of March 31 and has about $6.5 billion in debt maturing in May 2003 through 2004, according to debt-rating agency Standard & Poor's.

    http://biz.yahoo.com/rb/020728/telecoms_qwest_8.html
 
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