DENVER, June 3, 2002 ? Qwest Communications International Inc. (NYSE: Q) announced today its new long distance rate that will save Qwest local service customers depending on what state a customer lives in between $14 million and up to $154 million. The Qwest 10 Cent Single Rate provides a single rate of 10 cents per minute all day, every day on all domestic long-distance calls with no monthly fee.
Customers throughout Qwest?s local service area will save more than $1 billion a year ? or approximately $70 to $170 per customer annually if they sign up for this new offer.* Qwest local customers will also realize additional cost savings with the Qwest 10 Cent Single Rate because they will not be charged the monthly fee customary with most competitive long distance plans.
?When the company receives approval to sell long-distance service, Qwest will offer a complete portfolio of telecommunications services enabling customers to work with one provider for further cost savings,? said Jim Smith, Qwest executive vice president of national consumer markets. ?In addition, our customers have told us that a single bill with all services and the ability to make one call for service solutions at a cost-effective price is of utmost importance in simplifying their lives. Our entry into long distance will provide that simplicity for a full suite of services.?
Qwest will seek Federal Communications Commission (FCC) approval to sell long-distance service throughout its 14-state local service area starting in June. The FCC will review Qwest?s application to provide long-distance service within 90 days of its filing. After Qwest receives approval, it can begin offering long-distance service to its in-region customers. Qwest already provides long-distance service to more than one million subscribers in 35 states outside of its local region and was ranked number one in customer satisfaction among residential long distance customers nationwide who spend more than $50 monthly by J. D. Power and Associates.
"Phone companies need to simplify their calling plans to a few basic offerings and not try to confuse the customer with multiple plans that involve calling restrictions based on time of day, distance as well as adding hidden monthly fees," said Imran Khan, senior analyst, Yankee Group. "The Qwest 10 Cent Single Rate is a positive step toward addressing this simplification for consumers and providing them with an easy and convenient way to make long distance calls."
For more information, customers can call 1-866-532-4642 (1-866-LDCHOICE). Existing customers will not be eligible for this basic rate until Qwest receives approval to provide long distance within its 14-state local service area.
Qwest Communications International Inc. (NYSE: Q) is a leader in reliable, scalable and secure broadband data, voice and image communications for businesses and consumers. The Qwest Macro Capacity® Fiber Network, designed with the newest optical networking equipment for speed and efficiency, spans more than 190,000 miles globally. For more information, please visit the Qwest Web site at www.qwest.com.
* According to a study by Professor Jerry Hausman, director of the Massachusetts Institute of Technology Telecommunications Research Program
This release may contain projections and other forward-looking statements that involve assumptions, risks and uncertainties. Readers are cautioned not to place undue reliance on these statements, which speak only as of the date of this release. These statements may differ materially from actual future events or results. Readers are referred to the documents filed by Qwest Communications International Inc. (together with its affiliates, ?Qwest?, ?we? or ?us?) with the Securities and Exchange Commission (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 but not limited to: the duration and extent of the current economic downturn in our 14-state local service area, including its effect on our customers and suppliers; any adverse outcome of the SEC?s current inquiries into Qwest?s accounting policies, practices and procedures; 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; failure to achieve the projected synergies and financial results expected to result from the acquisition of U S WEST, and difficulties in combining the operations of the combined company; our future ability to provide interLATA services within our 14-state local service area; potential fluctuations in quarterly results; volatility of Qwest?s stock price; intense competition in the markets in which we compete; changes in demand for our products and services; adverse economic conditions in the markets served by us or by companies in which we have substantial investments; dependence on new product development and 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; adverse developments in commercial disputes or legal proceedings; and changes in the outcome of future events from the assumed outcome included by Qwest in its 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.The Qwest logo is a registered trademark of, and CyberCenter is a service mark of, Qwest Communications International Inc. in the U.S. and certain other countries.