SEATTLE, August 22, 2001- Qwest Communications International Inc. (NYSE:Q), the broadband communications company, today announced it has received the final order on the second of four scheduled workshops from the Washington Utilities and Transportation Commission (UTC).
The order covers three of the 14 checklist items required by the Telecommunication Act of 1996. The checklist items from the order address compliance in the areas of interconnection and collocation, number portability, and resale of telecommunications services. Qwest anticipates receiving similar orders for the remaining workshops later this year.
A study by Professor Jerry A. Hausman, Director of the Massachusetts Institute of Technology (MIT) Telecommunications Economics Research Program, found that Washington residents could save up to $148 million annually in local and long-distance charges once Qwest is allowed to re-enter the long-distance market. After Qwest is approved, the company will be able to provide customers with another choice for long-distance service, as well as offer bundled services and the convenience of a single bill.
?We are pleased with this order from the Washington Utilities and Transportation Commission,? said Kirk Nelson, Qwest vice president for Washington. ?We are making solid progress toward our goal of re-entering the long-distance business, but more importantly, the consumers of Washington are moving closer to an open market where competition will improve long-distance service and lower prices.?
When Qwest merged with U S WEST, the company had to divest itself of its long- distance holdings in the 14 western states where it provided local service. Under the Telecommunications Act, Qwest can re-enter the long-distance business when it satisfies a 14-point federal checklist for each state.
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 113,000 miles globally. 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 risks and uncertainties. These statements may differ materially from actual future events or results. Readers are referred to the documents filed by Qwest 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 potential fluctuations in quarterly results, volatility of Qwest?s stock price, intense competition in the communications services market, changes in demand for Qwest?s 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, rapid and significant changes in technology and markets, adverse changes in the regulatory or legislative environment affecting Qwest?s business, delays in Qwest?s ability to provide interLATA services within its 14-state local service territory, failure to maintain rights of way, and failure to achieve the projected synergies and financial results expected to result from the acquisition of U S WEST timely or at all and difficulties in combining the operations of Qwest and U S WEST. 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.