A high ranking official known as Ron, said a 2.1 billion takeover bid is immenent. A small secondary offering and recent cuts will be used to finance the takeover. Qwest's longhaul unit is said to be cash positive to the tune of 700,000,000. Their strategic relationship with Direct TV is seen as a plus in growing BT's brand in the new marketplace. I recommend a sell until particulars clear the wire.
I recommend that you stop listening to "Ron." He obviously does not know much about BT's internal re-organization plan, which is at center stage at the present moment. Not one individual who actually works at BT knows about this "intention" to buy Quest (and that includes senior management.)