In April, rumors surfaced that Qwest was trying to sell off their long-haul fiber network, which connects long distance calls to other carriers. Qwest was hoping to net about $2-3 billion from the deal -- and use it to pay down the company's $14 billion in debt. However, the efforts didn't go particularly well. Earlier this month, Cogent Communications CEO Dave Schaeffer pulled his company out of the running, saying the asking price was too steep. AT&T and Verizon only hinted at interest should the bidding result in a real steal. In an un-surprising move, Qwest this morning announcing that after "strategic review," they're keeping the network -- and the debt they were hoping to eliminate by selling it.