DENVER, August 11, 1997 ? Qwest Communications International Inc. (NASDAQ: QWST) today announced the appointment of Dr. Nayel Shafei to an executive post to continue the rapid development of Qwest into a provider of new communications technologies. Shafei will report directly to CEO and President Joseph P. Nacchio, and will focus on the development of data transfer services to optimize the company?s new, 13,000 mile high-capacity fiber optic network.
"Qwest is developing the world?s leading fiber optic network, and we are bringing Nayel on board as a leading information technology expert to leverage our network for data transmission purposes," said Nacchio. "Qwest and our customers will benefit directly from Nayel?s extensive expertise in the convergence of computers and broadband telecommunications, as well as his solid experience in local exchange and access, and consumer electronics."
With a doctorate in computer science from Massachusetts Institute of Technology (MIT) and more than 15 years of technology experience, Shafei will lead Qwest?s product development team. His responsibilities will primarily focus on the technical aspect of product development, blending new technologies with new data and multimedia applications that can take advantage of the high-speed bandwidth of the Qwest network. Shafei will oversee implementation of future products and services that will fill the needs of business and consumer users.
Prior to joining Qwest, Shafei served as senior vice president and general manager of Arrowsmith?s Telecommunications Division. In his role, he implemented a turnaround; grew strategic alliances with Microsoft, Hewlett-Packard and AT&T; and changed the division?s focus from cable workforce dispatch to wireless networks and unified messaging.
During his career Shafei has also served as vice president and general manager for AlliedSignal; vice president, development and general manager for Computervision?s Cambridge Automation Division; and principal architect, research and development for Computervision.
In addition to his doctorate degree, Shafei holds a master?s of science degree in computer science from the school of engineering at MIT, and was Summa Cum Laude at Cairo University. Shafei is a computer/communications consultant for the United Nations Development Program (UNDP), and is an active member of the IEEE Computer Society, Association of Computer Machinery, Telecommunication Industry Association, Cellular Telecommunications Industry Association, Society of Cable Engineers and Product Data Exchange Standards.
Qwest Communications is a rapidly-growing communication services company building a high-capacity, fiber optic technology network for the 21st century. Its 13,000 mile network connecting 92 cities will be complete by the end of 1998. Through its cutting-edge technology, Qwest will deliver high-quality voice, data and video connectivity securely and reliably to businesses, consumers and other communications service providers. Further information on Qwest (NASDAQ: QWST) is available on the company's Web site located at http://www.qwest.net.
Note to Editors: This release contains or refers to forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that include, among others, (i) statements by Qwest concerning the benefits expected to result from certain transactions, including, without limitation, synergies in the form of increased revenues, decreased expenses and avoided expenses and expenditures that are expected to be realized by Qwest after the closing of such transactions, (ii) Qwest's plans to complete the Qwest Macro Capacity Fiber Network and (iii) other statements by Qwest of expectations, beliefs, future plans and strategies, anticipated developments and other matters that are not historical facts. Qwest cautions the reader that these forward-looking statements are subject to risks and uncertainties, including financial, regulatory environment, and trend projections, that could cause actual events or results to differ materially from those expressed or implied by the statements. Such risks and uncertainties include those risks, uncertainties and risk factors identified, among other places, in documents filed with Securities and Exchange Commission. The most important factors that could prevent Qwest from achieving its stated goals include, but are not limited to, (a) failure by Qwest to manage effectively, cost efficiently and on a timely basis the construction of the Qwest Network route segments, (b) failure by Qwest to enter into additional customer contracts to sell dark fiber or provide high-volume capacity and otherwise expand its telecommunications customer base on the Qwest Network, (c) failure by Qwest to obtain and maintain all necessary rights-of-way, (d) intense competition in Qwest's carrier services and commercial services markets, (e) the potential for rapid and significant changes in technology and their effect on Qwest's operations, (f) operating and financial risks related to managing rapid growth and integrating acquired businesses, (g) adverse changes in the regulatory environment, and (h) failure by Qwest to integrate the respective operations of Qwest and certain acquired businesses or to achieve the synergies expected from certain transactions. These cautionary statements should be considered in connection with any subsequent written or oral forward-looking statements that may be issued by Qwest or persons acting on its behalf. 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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