DENVER, May 1, 2003 ? Responding to customer demand, Qwest Communications Inc. (NYSE: Q) today announced new simplified, competitive pricing for residential and small-business long-distance customers in eight states. In addition, Qwest began selling long-distance at the new rates in Oregon, New Mexico and South Dakota, where customers can now choose from a variety of flat rate and unlimited plans.
?We are proud to expand our long-distance service to customers in three new states,? said Annette Jacobs, president of Qwest?s consumer markets group. ?By offering competitive pricing and simple, single-rate plans, Qwest will deliver the savings, convenience and Spirit of Service our customers have come to expect.?
The residential prices available today feature simple plans with one rate for all calls, and an unlimited domestic long-distance calling plan for only $20 per month. Current Qwest Long Distance customers will automatically receive the new rates beginning today, and should expect a letter from Qwest confirming their new rate. New plan highlights include:
- Qwest Unlimited Long Distance Plan? ? For frequent callers, Qwest offers unlimited direct-dialed voice calls from your home phone for one monthly fee of $30.00 for the first 12 months, and $34.95 per month thereafter.
- Qwest Preferred Unlimited? ? Additional savings for Qwest package customers delivers unlimited direct-dialed voice calls from your home for only $20.00 per month for the first 12 months and $25 per month thereafter.
- Qwest 5 Cent Saver Plan? ? Designed for customers who spend at least $10.00 per month. All calls from home within the United States are $0.05 per minute, with a $10.00 monthly minimum.
- Qwest 7 Cent Preferred Plan ? Offers 30 percent savings off of Qwest?s 10 cent Single Rate plan for customers who subscribe to a Qwest home phone service package. The Preferred plan offers all calls from home within the United States at $0.07 per minute, with no minimums and no monthly service fees.
For small businesses, the company offers Qwest Long Distance Advantage (QLDA), which offers small businesses great long-distance rates based on term commitments and the total amount spent on Qwest services per month. QLDA offers customers the ability to aggregate all Qwest services and receive very competitive long-distance rates. Customers also can receive better rates if they agree to term commitments.
In addition, small businesses in New Mexico, Oregon and South Dakota may benefit from an introductory charter rate between five and six cents per minute for state-to-state calls, depending on flexible monthly term and volume commitments. These rates apply to direct-dialed calls as well as inbound toll-free service.
Qwest?s long-distance phone service is currently available to customers in Colorado, Idaho, Iowa, Montana, Nebraska, New Mexico, North Dakota, Oregon, South Dakota, Utah, Washington and Wyoming.
Qwest has filed for Federal Communications Commission approval in Minnesota, and expects to file in Arizona by the end of the year. For more information about Qwest Long Distance, residential customers please call 1-866-QWESTLD, small businesses call 1-800-350-2466 or visit our Web site at www.qwest.com.
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-plus 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: 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; 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; 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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