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News Briefs

Attorneys for former Qwest Communications International Inc. CEO Joe Nacchio have asked a Denver court for an acquittal, a new trial and a change of venue in his insider trading case. Nacchios attorneys said the jury that convicted him on 19 of 42 counts in April was exposed to public attacks on the defendant. A […]

PPL Corp. Sells Telecom Subsidiary

PPL Corp. said Thursday it will sell PPL Telcom, its wholesale subsidiary, to Communications Infrastructure Investments (CII) for approximately $60 million. PPL said it expects net proceeds of $50 million from the transaction. The company had announced earlier this month it wanted to sell PPL Telcom so it could focus on its energy business. CII […]

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