These two pieces of news helped offset the company's second-quarter loss, which widened more than expected in the context of a price war to for the hearts and wallets of business customers. Losses reached $776 million (compared to $64 million in losses last year at this time, according to Bloomberg) as Qwest continues to deal with government probes and lawsuits. The company reported that sales fell 4.3 percent to $3.44 billion.
Competition for business customers from AT&T and MCI have become particularly fierce, say analysts, putting in jeopardy the Qwest's objective of increasing revenue this fiscal year by offering high-speed Internet and residential long-distance services.
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