Monday, March 29, 2010

Qwest seeks $350M from stimulus for rural broadband - Denver Business Journal:

Qwest Communications International Inc. said Thursday it is applying for a $350 million federal stimulus grant to help it extend high-speed Internet service to rural areas of its local phone-service region.

The Denver-based telecom (NYSE: Q) had signaled in January that it was reconsidering its earlier decision not to apply for available rural-broadband funds under the American Recovery and Reinvestment Act because of what it called unrealistic rules. But those rules were later revised. (DBJ report...)