DENVER, Dec. 13, 2007 – Qwest Communications International Inc. (NYSE: Q) today announced its board of directors declared a quarterly dividend of $0.08 per share. The quarterly dividend is payable on Feb. 21, 2008, to all stockholders of record at the close of business on Feb. 1, 2008. It is the expectation of the board of directors to pay a quarterly dividend going forward.
“The company is in a position once again to fulfill its longstanding commitment to reward its shareholders,” said Edward A. Mueller, chairman and CEO. “This action reflects the ongoing strong performance of the company, the outstanding efforts of its employees and the confidence customers have in Qwest products and services.”
Approximately 1.805 billion shares of Qwest basic common stock were outstanding as of Oct. 26, 2007. In October 2006, Qwest launched a 2-year program to repurchase up to $2 billion in Qwest stock. The company expects to complete approximately 70 percent of the program by the end of 2007.
Qwest last issued a dividend in June 2001.
Investor Conference Call
On Monday, Dec. 17, 2007, at 8:30 a.m. EST, Qwest will host an investor conference call featuring Chairman and CEO Edward A. Mueller, who will provide details on the company’s operational review. A question and answer session will follow.
You may access the live interactive call via:
· 877-680-6194 (U.S. Domestic)
· 706-634-8940 (International)
· Conference ID: 26522605
Please dial-in 10 minutes in advance to facilitate an on-time start.
A replay will be available approximately two hours after the conclusion of the call until 11:59 p.m. EST on Dec. 31, 2007, and may be accessed via:
· 800-642-1687 (U.S. Domestic)
· 706-645-9291 (International)
Qwest offers a powerful combination of award-winning broadband, video and voice solutions for residential customers, businesses and government agencies. Customers coast to coast turn to Qwest's industry-leading national fiber optic network to meet their evolving communications and entertainment needs. Qwest employees are the driving force behind the company’s nationally recognized Spirit of Service. Qwest is a participant in Networx, the largest communications services contract in the world, to provide innovative voice, data and video services. For more information on Qwest please visit www.qwest.com. For information about the products and services Qwest is offering in the Networx contract, visitwww.gsanetworx.com