SEATTLE, April 22, 2003 ? Qwest Communications International Inc. (NYSE: Q) is investing an incremental $75 million to expand the availability of Qwest DSL in its 14-state region. Qwest?s commitment to expand DSL services is in direct response to strong customer demand for faster Internet service, and ensures that more customers are able to receive a complete solution that includes local, long distance, wireless and DSL service.
In Washington, Qwest expects to deploy DSL later this year in communities along the Olympic Peninsula, the I-5 Corridor and in eastern Washington as part of the first phase of this expansion.
Qwest will expand its current DSL service area by more than 20 percent, to nearly 1,550 new neighborhoods across its region. As a result, customers at approximately 900,000 additional homes and businesses will become eligible to purchase Qwest DSL.
In addition to this expansion, Qwest also is making technological changes to many phone lines in its region, which is expected to make DSL services available where previously they were not. As a result, an additional 100,000 homes and businesses will have access to Qwest DSL service.
?Our customers want reliable, affordable high-speed access to the Internet, and we?re meeting this need by aggressively deploying additional DSL service throughout the Qwest territory,? said Richard C. Notebaert, Qwest chairman and CEO. ?Qwest DSL allows customers to experience the Internet the way it?s meant to be experienced ? quickly and efficiently, with no long waits, saving customers time and helping to simplify their lives.?
Qwest DSL enables customers to access the Internet or corporate networks at speeds ranging from approximately 256 kilobits per second to 7 megabits per second, which ? at the highest DSL speed ? is approximately 125 times faster than a traditional 56K dial-up connection. As a result, customers can download movie clips and photos, play music and participate in online gaming with high-speed action. These features take a fraction of the time compared to dial-up, and customers can talk on the phone while surfing the Internet.
Qwest DSL B-Roll available starting at 10 a.m. Mountain time: Members of the media, click here www.thenewsmarket.com/qwest to obtain broadcast-standard video digitally, by tape or satellite via the APTN Global Video Wire.
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.
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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