OMAHA, Neb., July 17, 2003 ? Qwest Communications International Inc. (NYSE: Q) today announced two new promotional offers available to Qwest residential customers in Omaha who subscribe to a package of Qwest communications services.
Customers with any Qwest home communications bundle can receive:
- Any Choice TV basic package for only $4.95 per month for one year, with free installation. This represents a savings of 85 percent off the regular price of Full Choice, Qwest?s most popular basic package, which includes all 61 theme package channels plus access to eight pay per view channels, and
- Up to 50 percent off of Qwest Choice OnLine, a dedicated broadband connection that allows customers to download music, movies and photos in a fraction of the time that it takes with a traditional dial-up connection. With the promotion, Choice TV subscribers pay only $21 a month for Internet access that delivers speeds of more than 2 megabits per second for one computer. Customers also can choose to order just Choice OnLine, with either home communications package, for only $26 per month.
?This is a great opportunity for our customers to sign up for the communications and entertainment services they want at the most competitive prices in Omaha,? said Rex Fisher, Qwest president for Nebraska. ?Customers can choose Qwest today for the best value, and we?ll deliver the Spirit of Service everyday for an excellent experience.?
Qwest Choice TV allows customers to enjoy a crystal-clear picture using fiber optic technology. Customers can view more than 110 channels including sports, news, movies, pay per view, premium movie channels and digital music express channels.
Qwest currently offers two home communications bundles ? Qwest ValueChoice? or Qwest PreferredChoice?, which allow customers to enjoy significant additional savings compared to purchasing each feature a la carte. Qwest PreferredChoice is $34.99 per month, and includes a phone line and the customer?s choice of all or some of Qwest?s most popular 11 home phone features. Qwest ValueChoice is $24.99 per month and includes one phone line and key features like Caller ID, Call Waiting/Call Waiting ID, Three-Way Calling and Call Forwarding.
The promotional offers will be available to customers in Omaha through October 9, 2003. By the end of August, all current Qwest customers who already have purchased one of these service combinations will be switched to the promotional rates retroactive to July 11, 2003. The new rates will stay in effect for 12 months for both current and newly qualified customers.
To determine service availability in a particular area or to order Qwest Choice TV, Choice OnLine or a Qwest home communications bundle, customers can call 1-800-497-0779.
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 50,000 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 risks and uncertainties. These statements may differ materially from actual future events or results. Readers are referred to the documents filed by us 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 but not limited to: unanticipated delays in completing the process of our restatement of historical financial statements and related audits; 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 our inability to complete any efforts to de-lever our balance sheet through asset sales or other transactions; any adverse outcome of the SEC's current investigation into our accounting policies, practices and procedures and certain transactions; 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; delays in making required public filings with the SEC; rapid and significant changes in technology and markets; any adverse developments in commercial disputes or legal proceedings, including any adverse outcome of current or future legal proceedings related to matters that are the subject of governmental investigations, and, to the extent not covered by insurance, if any, our inability to satisfy any resulting obligations from funds available to us, if any; our future ability to provide interLATA services within our 14-state local service area; potential fluctuations in quarterly results; volatility of our stock price; intense competition in the markets in which we compete, including the likelihood of certain of our competitors emerging from bankruptcy court protection or otherwise reorganizing their capital structure and competing effectively against us; 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; and changes in the outcome of future events from the assumed outcome included in our 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.
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