DENVER, June 25, 2003 ? Qwest Communications International Inc. today announced significant dial network enhancements that give businesses better dial sessions by reducing busy signals, speeding up connection and download times and providing international connectivity. These and other new enhancements will help Qwest continue to strengthen its relationships with ISPs and enterprise businesses ? Qwest?s two largest dial customer segments.
One major enhancement is the inclusion of V.92-capable modems, an upgrade from the current V.90 modem technology. The V.92 quick connect feature reduces the time required to connect to the Internet when dialing into the Qwest network. Additionally, the V.92 modem provides a modem-on-hold feature allowing users to initiate or receive voice phone calls without terminating their existing Internet connections. For users with one phone line in their home or office, this feature enables them to handle both data and voice calls over the same telephone line. Also V.44 compression feature gives users increased throughput and faster upload and download times.
Additionally, for business users, Qwest has launched new international roaming services as part of the Qwest Business Dial® solution. Mobile professionals, telecommuters, customers and business partners now have access to reliable business-grade dial Internet connectivity from more than 40 countries in Europe and South America, as well as Canada, Japan, and Mexico.
?Our dial customers ? enterprises and large ISPs ? are continuing to see demand for dial access from their employees and customers,? said Eric Bozich, vice president of national services for Qwest. ?Qwest has the products, network quality of service, coverage and capacity to more than meet their needs. But what really separates our dial offering is the customer service we provide.?
According to industry analysts, dial-up remains the most popular Internet access method, with nearly 54.5 million subscribers and 80 percent of the entire online access market. Qwest?s dial access network delivers 56K and ISDN dial-up access from more than 2,690 points-of-presence (POPs) nationwide and covers approximately 85 percent of the U.S. population with a local dial-up call. Qwest?s dial network has market-leading capacity, giving end-users a better dial experience through fewer busy signals and less oversubscription.
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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