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"Investment companies owned by Denver billionaire and Qwest founder Phil Anschutz put money into numerous telecommunications companies that sought or did do business with Qwest. Those companies often saw their stock shoot up after initial public offerings on the news that they might get contracts with Qwest, which was known as the 'kingmaker' of telcos in the go-go days. The potential conflict was that Anschutz was making money off companies who were seeking contracts with the company where he was co-chairman of the board."
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