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AT&T; exec says AT&T; merger with Qwest not imminent

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On Wednesday, AT&T's COO Randall Stephenson ended weeks of speculation by saying that AT&T is not planning to buy Qwest any time soon. He said currently AT&T is busy with their planned merger with BellSouth. But don't think that a Qwest merger with AT&T or Verizon is out of the realm of possibility, as he did go on to say that further consolidation in the telecommunications industry is inevitable.

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