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Qwest Corporation reported lower third‑quarter results as it prepares to divest a major fiber business. Total operating revenue was $1,161 million versus $1,363 million a year ago, with declines across Other Broadband, Voice and Other, Fiber Broadband, legacy Harvest, and Nurture, plus lower Affiliate Services. Operating income was $243 million versus $498 million; net income was $176 million versus $365 million.
The company classified the Mass Markets fiber‑to‑the‑home business as held for sale and expects to sell it with certain affiliates to AT&T for a pre‑tax total of $5.75 billion, subject to adjustments, with closing anticipated in early 2026. Assets held for sale were $2,689 million and liabilities held for sale were $13 million as of September 30, 2025. Depreciation on the disposal group was suspended, reducing Q3 depreciation by an estimated $25 million.
For the nine months, operating cash flow was $1,360 million, capital expenditures were $582 million, and interest income from affiliates rose on a $937 million note receivable. Long‑term debt was $1,689 million (fair value $1,336 million). Litigation and non‑income tax accruals totaled $70 million.