Qwest Awarded Communications Services Agreement From Fairbanks Capital

DENVER, December 10, 2002 ? Qwest Communications International Inc. (NYSE: Q) today announced a multi-year communications services contract with Fairbanks Capital Corp., a Salt Lake City-based financial services company that provides servicing and special servicing of single-family residential mortgage loans.

Qwest will provide Fairbanks Capital with high-speed communications services from the company's headquarters building in Utah back to its other locations. Maintaining an uninterrupted connection between headquarters and each of its call centers is of vital importance to Fairbanks Capital because the headquarters facility maintains all of the customer information that each call center must access. As a result, Qwest's ability to instantly reroute voice and data traffic in the event of a service interruption is a critical service to Fairbanks because it ensures that no information is lost, and that the connection remains intact.

Qwest is Fairbanks Capital's preferred data communications provider and already provides virtual private network (VPN) connections between Fairbanks Capital?s headquarters building and its call center locations in Pennsylvania, Florida and Texas. Qwest also provides dedicated Internet access (DIA) connections between Fairbanks' Salt Lake City facility and its call center locations as a back-up system to the VPN.

"Connectivity between our call centers is critical, so we need a provider that will be able to perform at a high level," said Andrew de Jong, executive vice president of Fairbanks Capital. "Qwest has provided us with a service that will save us time, money and worries."

"Qwest understands how important uninterrupted service is to our customers," said Rob Elwood, Qwest's Western region vice president of sales. "That's why we're excited to be able to provide Fairbanks Capital with reliable and secure connections between their offices, providing them the peace of mind that comes with knowing their mission-critical connections will remain intact."

About QwestQwest Communications International Inc. (NYSE: Q) is a leading provider of voice, video and data services to more than 25 million customers. The company's 53,000-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; 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.

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