DENVER, DECEMBER 5, 2000 — Qwest Communications International Inc. (NYSE: Q), the broadband Internet communications company, today announced the opening of its Asia Pacific headquarters in Hong Kong.
The president of international business for Qwest, Ross Lau, will operate out of this headquarters. Mr. Lau will focus on identifying strategic partners and opportunities for growth and the delivery of next-generation Internet communications and applications services to the Asia Pacific market.
"Expansion to Japan and the Asia Pacific region is a natural next step for Qwest as we have completed our high-speed, fiber-optic North American network. We are well underway building our network in Europe; and in becoming more competitive, we have had seven acquisitions, including a U S telephone company," said Joseph P. Nacchio, Qwest's chairman and CEO. "We also know the importance of having one or more partners from the Asia Pacific region, to establish our company and our brand, and hit the ground running."
Mr. Lau said, "Qwest intends to provide enterprises in Japan and the Asia Pacific region a portfolio of new, best-in-class Internet and data services, as well as traditional telecommunications. We intend to create high value for customers through better technology and lower cost structures than our competitors."
Qwest is a participant of the 13,000-mile undersea network linking the United States to Japan. This bandwidth will enable businesses and consumers in Asia Pacific to be connected to Qwest's North American and European network for all data, video and voice communications.
Qwest Communications International Inc. (NYSE: Q) is a leader in reliable, scalable and secure broadband Internet-based 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 104,000 miles globally. For more information, please visit the Qwest web site at www.qwest.com.
This release may contain 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, dependence on new product development, rapid technological and market change, failure to maintain rights of way, financial risk management and future growth subject to risks, adverse changes in the regulatory or legislative environment, and failure to achieve the synergies and financial results expected from the acquisition of U S WEST, Inc. 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.
Qwest Media Contact