The CFO for Qwest Communications International Inc. (Q) last week tried to quell concerns about the telco’s debt.
The company has $1.27 billion in convertible debt that’s due two years from this month.
But CFO Joseph Euteneuer said Friday the company has enough free cash and other options, so it’ll be ok. Qwest is also expanding its marketing push and plans to add new video services, among other things, to drive new revenue.
Last year around this time, Qwest confirmed plans to spend $300 million over one year for a fiber-to-the-node (FTTN) infrastructure that will provide 20mbps pipes to some 1.5 million customers.
