Edward Mueller

Edward Mueller, the chairman and CEO of Qwest Communications International Inc., was awarded compensation valued at nearly $12 million in 2009, a 5 percent increase from the previous year according to an Associated Press analysis of a regulatory filing. Mueller's base salary increased 4 percent to more than $1.2 million. He received no automatic annual bonus, which some companies award to their executives regardless of performance. His performance-based cash bonus, however, climbed 9 percent...Read Full Story

Qwest Communications International Inc. is building a nationwide fiber-optics network to offer faster Internet speeds to its customers. Unlike Verizon Communications Inc. and AT&T Inc., Qwest doesn't offer video. Instead, it partners with DirecTV Inc. to bundle TV service with its Internet, landline and cell phones. But as it expands its fiber network, there's question as to whether Qwest eventually will begin to offer TV to its customers. Qwest CEO Ed Mueller discussed the topic in a...Read Full Story

Shareholders have approved the $10 billion takeover of Qwest Communications International Inc. by CenturyLink Inc., the companies said Tuesday. CenturyLink, the fifth-biggest local phone company in the U.S. is buying Qwest, the third-biggest, as both struggle with the decline of landline phone use in favor of cell phones. Both companies said they won the support of 97 percent of votes cast by shareholders at meetings held Tuesday in Monroe, La., where CenturyLink is based, and Denver, where...Read Full Story

NEW YORK (Reuters) - Qwest Communications International Inc said it has eliminated tens of thousands of dollars of annual payments to cover expenses of its chief executive and other top officials. In a U.S. Securities and Exchange Commission on Friday, the Denver-based phone company said it has ended annual "flexible benefit payments" that it has been awarding to Chief Executive Edward Mueller and its chief operating officer, chief financial officer and general counsel. For 2009, the cash...Read Full Story

Name: Qwest Communications International Inc. CEO: Edward Mueller Headquarters: Denver. Employees: 30,138 as of Dec. 31, 2009. 2009 earnings: Profit of $662 million, or 38 cents per share, on revenue of $12.3 billion. Telephone lines in service: 10.3 million as of Dec. 31. Founded: Founded by billionaire Philip Anschutz, Qwest began in 1991 as Southern Pacific Telecom, a provider of long-distance phone services. SP Telecom changed its name to Qwest four years later and went public in 1997...Read Full Story

Qwest Communications International Inc. said Tuesday that it made a cash tender offer for its $1.27 billion outstanding 3.5 percent convertible senior notes due in 2025. The telecommunications company said that for every $1,000 of convertible notes that are validly tendered it will pay a multiple of a volume-weighted average trading price of its stock during between July 14 and Aug. 10, plus $30. The company said it won't pay less than $1,000 or more than $1,170 for each $1,000 worth of the...Read Full Story

Qwest Communications International Inc. reported a 6 percent drop in third-quarter profit Wednesday as customers continue to give up traditional landline telephones. Qwest has been struggling to find ways to grow sales as its industry shrinks. It offers local phone service in 14 Western states and customers have been siphoned off by competition from cable and cell phone providers. This summer it fell behind CenturyLink into fourth place among U.S. phone companies by number of lines in service...Read Full Story

NEW YORK (Reuters) - Qwest Communications International Inc <Q.N> posted quarterly revenue that was slightly below Wall Street expectations but its shares rose almost 4 percent as it increased its profit outlook for the year. While Qwest's revenue has been falling as consumers disconnect their home phones it has been cutting costs to help improve its profit outlook. The telephone operator reported a third-quarter net profit of $136 million, or 8 cents per share, compared with $145 million, or...Read Full Story

The chief executive of Qwest Communications International Inc., Edward Mueller, received compensation in 2008 valued at $11.4 million, according to a regulatory filing Friday. That was less than the $17.4 million he received for the previous year, when he joined the Denver-based phone company and received a large amount of stock and options as a sign-on bonus. Mueller's 2008 pay is smaller than, but comparable to, the packages taken home by the heads of AT&T Inc. and Verizon Communications...Read Full Story

WASHINGTON (Reuters) - CenturyTel Inc <CTL.N> has won U.S. antitrust approval to buy Qwest Communications International Inc <Q.N>, the Federal Trade Commission said on Friday. The $10.6 billion stock deal must also be approved by the Federal Communications Commission. Qwest is the third-largest U.S. landline phone company, and CenturyTel is No. 4. The combination was on a list of approved deals released by the FTC. The deal comes as more consumers unplug their home phones and go wireless...Read Full Story