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Monday, 11 February, 2002, 15:40 GMT
Qwest to assist Global Crossing probe
Shares in US telecoms company Qwest Communications International fell after the firm revealed it had been contacted by officials probing the collapse of Global Crossing.

Qwest announced it had been officially asked by investigators at the Securities and Exchange Commission to provide documents relating to Global Crossing, which filed for Chapter 11 bankruptcy protection late last month.

The SEC is investigating Global Crossing after a letter from a former employee raised concerns about the firm's accounting practices.

Qwest shares fell $0.63 to $8.97 in early trade in New York on Monday.

The firm said it would co-operate fully with SEC investigators.

See also:

11 Feb 02 | Business
Echoes of Enron in telecoms collapse
08 Feb 02 | Business
FBI launches Global Crossing probe
08 Feb 02 | Business
Markets suffer from 'Enronitis'
07 Feb 02 | Business
Global Crossing to rise from ashes
05 Feb 02 | Business
Global Crossing accounts probed
28 Jan 02 | Business
Global Crossing files for bankruptcy
14 Jan 02 | Business
Audit giants called to account
14 Dec 01 | Business
Global Crossing bankruptcy fears
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