DENVER, May 12, 2000 — Qwest Communications International Inc. (NYSE: Q), the broadband Internet communications company, and U S WEST, Inc. (NYSE: USW), a leading provider of next-generation broadband and communications services, today received approval for their merger from the Wyoming Public Service Commission (PSC). Following today’s approval by the PSC, only four states in the region have yet to approve the merger.
In March, U S WEST and Qwest reached an agreement with the Wyoming Consumer Advocate Staff (CAS) on key issues in the areas of service, prices and investment. The agreement includes provisions designed to ensure continued investment in the state's core telecommunications infrastructure and demonstrate continued service improvement by the merged company.
"Wyoming's Public Service Commission has made a decision that we are pleased about and clearly benefits consumers and businesses in the state," said Steve Davis, Qwest senior vice president of government affairs. "We look forward to continuing to serve the people of Wyoming with the best communications services available."
The merger has received all required clearances from federal agencies, pending final approval of long-distance divestiture, and awaits clearance from regulators in Arizona, Minnesota, Washington and Utah. Colorado, Iowa and Montana have approved the merger, which is expected to close by mid-year.
Qwest Communications International Inc. (NYSE: Q) is a leader in reliable, scalable and secure broadband Internet-based data, voice and image communications for businesses and consumers. The Qwest Macro Capacity® Fiber Network, designed with the newest optical networking equipment for speed and efficiency, spans more than 25,500 miles in North America. In addition, KPNQwest (Nasdaq: KQIP), Qwest's European joint venture with KPN, the Dutch telecommunications company, is building and will operate a high-capacity European fiber optic, Internet-based network that will span 11,800 miles when it is completed in 2001. For more information, please visit the Qwest web site at www.qwest.com.
future events or results. Readers are referred to the documents filed by Qwest and U S WEST with 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 potential fluctuations in quarterly results, dependence on new product development, rapid technological and market change, failure to maintain rights of way, financial risk management and future growth subject to risks, and adverse changes in the regulatory or legislative environment. This release may include analysts' estimates and other information prepared by third parties, for which neither Qwest nor U S WEST assumes any responsibility. Qwest and U S WEST undertake 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 Qwest Communications International Inc. in the U.S. and certain other countries.
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