DENVER, December 13, 2004 ? As a direct result of strategic DSL investments and initiatives, Qwest Communications International Inc. (NYSE: Q) announced today that it has achieved one million DSL subscribers. This represents an important milestone for the company and highlights the fact that Qwest?s four consecutive quarters of double-digit subscriber growth is outpacing the current industry average.
?Customers are rewarding our energy and focus on DSL,? said Dan Yost, Qwest executive vice president of product and marketing. ?We understand how important high-speed Internet access is to customers and we will continue to expand our broadband offerings in 2005, while leveraging the DSL infrastructure we currently have in place.?
To expand its DSL footprint and reach more customers, Qwest will install 4,000 remote terminal locations by the end of 2004. As a result, the company can now offer high-speed Internet access to nearly 10 million homes (65 percent of Qwest households) within its 14-state local service area.
In direct response to customer requests, Qwest introduced a series of enhancements to its DSL offerings in 2004:
- The company was the first major telecommunications company to launch stand-alone DSL service, allowing customers who do not have Qwest wireline voice services to purchase high-speed Internet access.
- Qwest launched DSL Data-Backer, which provides customers with an on-site trouble location plan for their DSL service and related equipment for a small monthly fee.
- Qwest introduced a wireless-ready modem to support Wi-Fi home networking bundled with security.
Qwest offers many DSL service options so customers can select the service that best meets their needs, all at an affordable price. Customers can select a combination of Qwest Choice DSL with MSN Premium service, or they can choose from a list of 450 Qwest-participating Internet service providers (ISPs).
Designed for small businesses, people with home offices or anyone who wants high-speed access to the Internet, Qwest DSL improves the Internet experience for the customer.
For questions about qualification, packages or pricing, or to order Qwest DSL, please call 800-244-1111 (residential customers) or 800-603-6000 (small-business customers). Customers also can visit http://www.qwest.com/jump/dsl/ to quickly determine whether their line qualifies for DSL.
Qwest Communications International Inc. (NYSE: Q) is a leading provider of voice, video and data services. With more than 40,000 employees, Qwest is committed to the ?Spirit of Service? and providing world-class services that exceed customers? expectations for quality, value and reliability. For more information, please visit the Qwest Web site at www.qwest.com.
Forward Looking Statement Note
This release may contain projections and other forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results. Readers are referred to the documents filed by us with the Securities and Exchange Commission, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements, including but not limited to: access line losses due to increased competition, including from technology substitution of our access lines with wireless and cable alternatives; our substantial indebtedness, and our inability to complete any efforts to de-lever our balance sheet through asset sales or other transactions; any adverse outcome of the current investigation by the U.S. Attorney's office in Denver into certain matters relating to us; adverse results of increased review and scrutiny by regulatory authorities, media and others (including any internal analyses) of financial reporting issues and practices or otherwise; rapid and significant changes in technology and markets; any adverse developments in commercial disputes or legal proceedings, including any adverse outcome of current or future legal proceedings related to matters that are the subject of governmental investigations, and, to the extent not covered by insurance, if any, our inability to satisfy any resulting obligations from funds available to us, if any; potential fluctuations in quarterly results; volatility of our stock price; intense competition in the markets in which we compete including the likelihood of certain of our competitors emerging from bankruptcy court protection or otherwise reorganizing their capital structure and competing effectively against us; changes in demand for our products and services; acceleration of the deployment of advanced new services, such as broadband data, wireless and video services, which could require substantial expenditure of financial and other resources in excess of contemplated levels; higher than anticipated employee levels, capital expenditures and operating expenses; adverse changes in the regulatory or legislative environment affecting our business; and changes in the outcome of future events from the assumed outcome included in our significant accounting policies.
The information contained in this release is a statement of Qwest's present intention, belief or expectation and is based upon, among other things, the existing regulatory environment, industry conditions, market conditions and prices, the economy in general and Qwest's assumptions. Qwest may change its intention, belief or expectation, at any time and without notice, based upon any changes in such factors, in Qwest's assumptions or otherwise. The cautionary statements contained or referred to in this release should be considered in connection with any subsequent written or oral forward-looking statements that Qwest or persons acting on its behalf may issue. This release may include analysts' estimates and other information prepared by third parties for which Qwest assumes no responsibility.
Qwest undertakes no obligation to review or confirm analysts' expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
By including any information in this release, Qwest does not necessarily acknowledge that disclosure of such information is required by applicable law or that the information is material.
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