DENVER, September 4, 2002 ? Qwest Communications International Inc. (NYSE: Q) today announced that Cronan O'Connell has joined the company as vice president, federal regulatory affairs. Ms. O?Connell will report to Gary Lytle, senior vice president, federal policy and law.
O?Connell most recently served as director of international affairs at WorldCom Communications where she focused on development and implementation of global marketing strategies. Prior to that, she developed an extensive regulatory and public policy background in positions that included vice president of the Association for Local Telecommunications Services, an organization created to promote local telecommunications competition.
?We welcome Cronan?s experience as we focus on expanding our priorities in Washington,? said Lytle. ?That includes re-entry into the long-distance business in our local service territory as well as improving the customer experience.?
O?Connell assumes responsibility for representing corporate positions with the Federal Communications Commission as well as other regulatory membership groups including the National Exchange Carrier Association (NECA). She holds a bachelor of arts from Trinity College in Washington, D.C.
The appointment is part of the company?s ongoing plan to expand its federal policy and law operation and bolster its Washington D.C. presence. Lytle recently announced the appointment of Michael E. Rubin as vice president of federal relations and Robert H. Dunkel, executive director of congressional affairs.
Under the leadership of new Chief Executive Officer Richard C. Notebaert, Denver-based Qwest, a provider of local service in its 14-state region, has renewed and emphasized its commitment to improving the customer experience. Qwest announced that its analysis of data submitted by the 12 largest local phone companies to the Federal Communications Commission's Automated Reporting Management Information System (ARMIS) database showed that, overall, Qwest finished first among the companies surveyed.
Qwest Communications International Inc. (NYSE: Q) is a leading provider of voice, video and data services to more than 25 million customers. The company?s 55,000 employees are 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.
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; the effects of our anticipated restatement of historical financial statements including delays in or restrictions on our ability to access the capital markets or other adverse effects to our business and financial position; our substantial indebtedness, and out inability to restructure our $3.4 billion credit facility prior to failing to comply with financial covenants contained therein or any inability to complete efforts de-lever our balance sheets through asset sales of other transactions; any adverse outcome of the SEC?s current inquiries into Qwest?s accounting policies, practices and procedures; 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 Congress, regulatory authorities, media and others (including any internal analyses) of financial reporting issues and practices or otherwise; the failure of our chief executive and chief financial officers to provide certain certifications relating to certain public filings; 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; 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.
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