Salt Lake City, May 31, 2006 - Qwest Communications International Inc. (NYSE: Q) today announced new bundle pricing that gives customers an additional cost-savings incentive to bundle their Internet, television and digital voice (local and long distance) services.
The new bundle price is $92.97 plus taxes, after a one-time mail-in rebate for an incremental $10 per-month discount for 15 months on DIRECTV(R) TOTAL CHOICE(R) service with more than 155 all-digital channels. Customers also receive a $100 mail-in rebate for a free Digital Video Recorder (DVR), free installation on DIRECTV and a 30-day service guarantee.
The offer includes: high-speed Internet access through a dedicated broadband connection and digital voice (local and long distance) service and is available through September 4, 2006. Pricing is based on one-room DIRECTV(R) system. In addition, customers can add a 500-minute nationwide Qwest Wireless plan for $23 more, for a total monthly price of $115.97 for the entire bundle of services, plus taxes.
"We've made it easy for customers to bundle their products and get the most value for their money," said Jerry Fenn, Qwest president for Utah. "Utah customers get reliable, high-quality service at a price that we believe our competitors simply can't match."
Qwest was the first communications provider in its 14-state local service region to launch a four product bundle. The company introduced its popular product bundles in May 2005 because customers wanted the savings, simplicity and flexibility of Qwest's telecommunications and entertainment services. Sales of voice packages plus three products have increased by more than 100 percent and sales of packages plus four products have increased nearly seven times since launch.
"Combining voice, video, broadband data and wireless in a single package with a single bill, Qwest's multi-product bundling strategy provides a compelling value for its customers," said Current Analysis analyst David Hold. "Qwest's increased sales numbers demonstrate just how attractive these discount packages are to consumers."
Qwest High-Speed Internet service provides great value for customers with super-fast performance (up to 5Mbps). With MSN Premium(R) included at no additional charge, Qwest customers receive the best in security features, such as McAfee Virus Scan and Firewall, MSN(R) Parental controls, Webroot(R) Spy SweeperTM for MSN, and pop-up and junk e-mail guards. Plus, MSN delivers industry-leading e-mail services, including 11 e-mail accounts, MSN Messenger, MSN Virtual EarthTM, MSN Money and much more ? all free. With new options for wireless home networking available, and speeds up to 89 times faster than a dial-up connection, there has never been a better time to upgrade to Qwest High Speed Internet with MSN Premium(R).
Qwest Communications International Inc. (NYSE: Q), through its operating subsidiaries, is a leading provider of high-speed Internet, data, video and voice services. With nearly 40,000 employees, Qwest is 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: access line losses due to increased competition, including from technology substitution of our access lines with wireless and cable alternatives; 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; 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; 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; 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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