WASHINGTON, D.C., August 21, 2002 ? The Department of Justice (DOJ) today recommended conditionally that the Federal Communications Commission (FCC) approve Qwest?s application to re-enter the long-distance business in four states: Washington, Utah, Montana and Wyoming.
This is the second Qwest long-distance application that has received a positive recommendation from the DOJ. On July 23, the DOJ recommended conditional approval of an application that Qwest filed for the states of Colorado, Idaho, Iowa, Nebraska and North Dakota.
The following response should be attributed to Gary Lytle, Qwest senior vice president of federal policy and law:
?We?re very pleased with today?s DOJ evaluation. Once again, we commend the DOJ for its hard work and for conducting a thorough and fair evaluation of our application. With today?s action, the DOJ has now conditionally recommended that the FCC allow Qwest to re-enter the long-distance business in nine of its 14 local service states. We strongly believe we are successfully addressing with the FCC the few remaining issues identified by the DOJ.
This evaluation, along with the positive recommendations from public utility commissions in all four of these states, will help move our application through the process at the FCC. We look forward to soon be able to offer customers in Washington, Utah, Montana and Wyoming a real choice for long-distance service.?
The Telecommunications Act of 1996 requires the FCC to give the DOJ?s recommendation ?substantial weight? prior to making a final determination on Qwest?s application. The FCC must make its final determination by October 10. Qwest plans to file similar applications for long-distance authority in its remaining five states in the summer and fall.
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.
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.
|Corporate Media Contact