KPNQwest Files Registration Statements For Upcoming IPO

Denver, October 25, 1999 - Qwest Communications International Inc. (Nasdaq: QWST), the broadband Internet communications company, today announced that KPNQwest B.V., the joint venture owned by Koninklijke KPN N.V. and Qwest has now filed its registration statements with the Securities and Exchange Commission (SEC) in the United States, and the Stichting Toezicht Effectenverkeer (S.T.E) in The Netherlands, covering an initial public offering of its C shares. The companies announced on August 30, 1999 its plans for an IPO.

KPNQwest intends to issue 44 million C shares at a price of $18.73 to $21.41 per C share. KPNQwest has applied to have the C shares quoted on the NASDAQ National Market and listed in bearer form on the Official Segment of Amsterdam Exchanges N.V.'s Stock Market. Listings on both markets will be under the symbol "KQIP". KPNQwest's A shares and B shares are held by KPN and Qwest, respectively. Neither KPN nor Qwest will sell any shares in the offering.

KPNQwest plans to use the net proceeds of the offering primarily to expand its network and service offerings, construct mega-cybercentres in Europe that will enable the company to provide advanced web hosting, applications hosting and electronic commerce services to its customers, make selected acquisitions, for working capital and other general corporate purposes. KPNQwest expects the road show will have begun by October 25, with pricing to follow in approximately two weeks.

Morgan Stanley Dean Witter is the book-running manager for the offering, leading the bank syndicate also comprising Salomon Smith Barney International, Goldman Sachs International, ABN AMRO Rothschild and Warburg Dillon Read.KPNQwest is a leading facilities-based, pan-European provider of data-centric Internet protocol-based services to business customers. It is deploying a technologically advanced fiber-optic network that is anticipated to connect 39 cities throughout Europe, enabling the company to provide a broad range of high-speed, high-quality advanced communications services.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.

This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

About Qwest
Qwest Communications International Inc. (Nasdaq: QWST) is a leader in reliable and secure broadband Internet-based data, voice and image communications for businesses and consumers. Headquartered in Denver, Qwest has more than 8,500 employees working in North America, Europe and Mexico. The Qwest Macro Capacity® Fiber Network, designed with the newest optical networking, spans more than 18,500 route miles in the United States, and an additional 315-mile network route will be completed by the end of the year. In addition, Qwest and KPN, the Dutch telecommunications company, have formed a venture to build and operate a high-capacity European fiber optic, Internet Protocol-based network that has 2,100 miles and will span 8,100 miles when it is completed in 2001. Qwest also has nearly completed a 1,400-mile network in Mexico.

This release may contain 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 Qwest 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 complete the network on schedule and on budget, financial risk management and future growth subject to risks, Qwest's ability to achieve Year 2000 compliance, and adverse changes in the regulatory or legislative environment, and failure to complete the merger with US WEST timely or at all. 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.

The Qwest logo is a registered trademark of Qwest Communications International Inc. in the U.S. and certain other countries.

Contact Information
Qwest Media Contact
Tyler Gronbach
(303) 992-2155
Outside Contacts:
Media Contact
Jerry Yohananov
31 23 568 7622
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