PHOENIX, August 30, 2001 ? Qwest Communications International Inc. (NYSE: Q), the broadband communications company, today moved an important step closer to offering Arizona consumers a real choice in long-distance service when the Arizona Corporation Commission (ACC) unanimously certified completion of reciprocal compensation, the seventh of 14 checklist items necessary for the company?s re-entry into the long-distance business. Reciprocal compensation allows a communications company to be paid for completing calls that originate on another company?s network.
?The action taken by the commissioners is another important step along the road to Qwest?s re-entry into the long-distance business, ? said Teresa Wahlert, Qwest regional vice president and vice president, Arizona. ?Clearly, our progress continues, thanks to the efforts of our employees, and our commitment to competition.?
A study by Professor Jerry A. Hausman, Director of the Massachusetts Institute of Technology (MIT) Telecommunications Economics Research Program, found that Arizona residents could save up to $189 million annually in local and long-distance charges once Qwest is allowed to re-enter the long-distance market. After Qwest is approved to re-enter the long-distance business, 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.
The ACC has already issued its recommendations finding compliance with checklist items referring to access to poles, ducts and rights of way; 911, Directory Assistance and Operator Services, White Page Directory Listings; Number Assignment; Signaling and Databases; and Dialing Parity. Additional certifications on other checklist requirements are expected through October and early November. The Telecommunication Act of 1996 established the 14 checklist items.
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 provides 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.