DENVER, Dec. 1, 1999 - Qwest Communications International Inc. (Nasdaq: QWST), the broadband Internet communications company, and U S WEST, Inc. (NYSE: USW), today announced Cliff Dodd has been named executive vice president of systems integration. Dodd will be accountable for the integration of the information technology organizations of the two companies, which plan to merge in mid-2000.
Dodd was chief information officer at Ameritech Corp. in Chicago since 1994. He had a critical role in the integration of billing and other financial and operating systems for the recent merger of Ameritech and SBC Corporation. Before joining Ameritech, Dodd spent 13 years at American Express in a variety of assignments, including senior vice president of systems and software development.
Dodd will join Qwest in Denver and report to Joseph P. Nacchio, Qwest chairman and CEO. Nacchio and Solomon D. Trujillo, chairman, president and CEO of U S WEST, jointly recruited Dodd.
Qwest and U S WEST together will have a $65 billion market capitalization. The strategic merger creates an aggressive competitor that will offer customers in the United States and worldwide more choice and greater access to next-generation broadband Internet and telecommunications services. The new company, to be named Qwest Communications International Inc., will employ about 64,000 people and be headquarted in Denver.
Qwest Communications International Inc. (Nasdaq: QWST) is a leader in reliable, scalable and secure broadband Internet-based data, voice and image communications for businesses and consumers. The Qwest Macro Capacity® Fiber Network, designed with the newest optical networking, spans more than 18,500 miles in the United States, with an additional 315-mile network to be completed by the end of the year. In addition, KPNQwest (Nasdaq: KQIP), Qwest's European joint venture with KPN, the Dutch telecommunications company, is building and will operate a high-capacity European fiber optic, Internet-based network that will span 9,150 miles when it is completed in 2001. Qwest also has completed a 1,400-mile network in Mexico.
About U S WEST
U S WEST (NYSE: USW) provides a full range of telecommunications services ? including wireline, wireless PCS, data networking, directory and information services - to more than 25 million customers nationally and in 14 Western and Midwestern states. More information about U S WEST may be found on the Internet at www.uswest.com.
This release may contain 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 Qwest and U S WEST with the SEC, 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 potential fluctuations in quarterly results, dependence on new product development, rapid technological and market change, failure to maintain rights of way, financial risk management and future growth subject to risks, Qwest's ability to achieve Year 2000 compliance, and adverse changes in the regulatory or legislative environment, and failure to complete the merger with U S West and achieve projected synergies and financial results timely or at all. This release may include analysts' estimates and other information prepared by third parties, for which neither Qwest nor U S WEST assumes any responsibility. Qwest and U S WEST undertake 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.
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