Qwest Plans Limited Fiber Upgrade
Updated Dec. 17, 2007 9:27 am ET
Qwest Communications International Inc. expects $1.8 billion in capital spending next year, according to Chairman and Chief Executive Edward Mueller.
One of the priorities for the Denver telecommunications company is to upgrade its network. Roughly 23% of its neighborhoods feature fiber-optic lines connected to a central hub, which increases the connection speed available to consumers. Mr. Mueller said he sees a penetration rate of 40% by 2011, and expects a payback from its fiber investment in five years based on a "modest"...