DENVER, January 22, 2004 ? Qwest Communications International Inc. (NYSE: Q) today announced that Convergia, Inc., a world-class provider of wholesale and retail telecommunications services, has expanded its relationship with Qwest through a multi-year, multimillion-dollar contract for dedicated Internet access (DIA) services to its multiple locations throughout Europe, Asia and North America. Convergia has been a Qwest customer since November 2001 and using Qwest?s international DIA service, Convergia?s global customers can transport all of their data communications over Qwest?s high-speed, secure communications network.
Qwest?s DIA service provides businesses with a scaleable Internet solution that allows customers to send information at speeds up to 10 Gigabits per second (the highest available). Customers can also manage and monitor network performance in real-time using a Web-based interface, and Qwest DIA easily integrates with other communications services such as frame relay, voice over the Internet protocol (VoIP) and virtual private network (VPN) solutions offered by Qwest.
?The reliability and quality of customer service that the Qwest team already provides us made them the clear choice as we expand our communication needs,? said Petar Blagojevic, Convergia?s director of communications. ?Our new relationship with Qwest helps us give our customers better tools to communicate with each other throughout the world.?
?Convergia?s new agreement illustrates Qwest?s on-going commitment to meeting our customers communications needs and retaining them through our global portfolio and the superior service that we provide,? said Cliff Holtz, executive vice president of Qwest business markets group. ?We are thrilled to work with Convergia and we look forward to continuing to grow with them.?
Convergia is a world-class carrier of voice, data, and Internet services for residential, business, and wholesale customers. Using our state-of-the-art switching facilities and end-to-end network, Convergia delivers the fullest potential of today?s broadband revolution. By introducing leading edge and innovative products and services and forging global alliances, Convergia is changing how the world communicates. Convergia is an affiliate of Future Electronics, a global US multi-billion dollar Montreal based leader and innovator in the electronics component distribution industry. Convergia and Future Electronics employ over 5500 people worldwide.
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 47,000 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.
Forward Looking Statement Note
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; 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; further 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; 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.
By including any information in this release, Qwest does not necessarily acknowledge that disclosure of such information is required by applicable law or that the information is material.
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