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| Qwest Restates $950 Million in Revenue by Jeremy at 3:47 pm EDT, Sep 23, 2002 | |||
With government hearings looming this week, Qwest Communications is restating nearly $1 billion in revenue from swaps of capacity on its network. It may have to adjust another $531 million in revenue from cash sales of optical capacity assets to third parties. Two Qwest executives are scheduled to testify about the capacity swaps Tuesday before the House Energy and Commerce Committee. Former chief executive officer Joe Nacchio is expected to testify in October. | |||
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