Qwest raises offer for Frontier

Wednesday 23 June 1999 23:02 BST

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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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