Deutsche Telekom-Qwest

2000

Deutsche Telekom (DT), looking for an entry to the U.S. telecommunications market, offered to acquire Qwest (Q) just as Qwest was closing is $51 billion deal for Denver-based carrier US West. The plan was to engineer a three-way merger. Qwest CEO Joseph Nacchio failed to convince US West directors that a deal with Deutsche Telekom was their company's best interests. US West execs declined even to meet with Deutsche Telekom representatives.

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