Qwest raises offer for Frontier

Qwest raises offer for Frontier

QWEST COMMUNICATIONS, the US telephone network company, yesterday raised its unsolicited offers for the US companies Frontier and US West. Qwest has increased its all-paper offer for US West to $69 per share and upped its bid for Frontier to $48 in Qwest stock and $20 in cash. The revised Qwest bids represent a $5 per share premium to an accepted offer from Global Crossing for Frontier, and a premium of pounds 7.86 per share to an accepted offer from Global for US West, Qwest added.

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