Qwest Communications Holds First Shareowners? Meeting After Acquisition Of U S WEST

Denver, May 2, 2001 ? Qwest Communications International Inc. (NYSE:Q), the broadband Internet communications company, today held its first annual shareowner meeting since the acquisition of U S WEST on June 30, 2000. At the meeting, shareowners voted on the following matters:

  • Re-election of five directors ? more than 97 percent of the shares voting supported each director. The five re-elected are Thomas J. Donohue, Jordan L. Haines, Peter S. Hellman, Vinod Khosla and Marilyn C. Nelson.
  • Approval of an amendment to the Employee Stock Purchase Plan to increase the number of shares that can be issued ? more than 96 percent of the shares voting supported the amendment.
  • Rejection of a proposal seeking advance shareowner approval of certain severance arrangements with executive officers ?more than 72 percent of the shares voting opposed the proposal.
  • Rejection of a proposal seeking exclusion of so-called ?accounting rule income? including pension credits in determining performance-based compensation ? more than 83 percent of the shares voting opposed the proposal.

?We are pleased that our shareowners overwhelmingly supported our recommendations on these matters,? said Joseph P. Nacchio, Qwest chairman and CEO. ?We are confident that this vote allows us to continue our efforts to maximize value for our shareowners, customers and employees.?

The Qwest directors who were not subject to re-election this year and continue as directors are Philip F. Anschutz, Linda G. Alvarado, Craig R. Barrett, Hank Brown, Cannon Y. Harvey, Joseph P. Nacchio, Frank Popoff, Craig D. Slater and W. Thomas Stephens

About Qwest

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 106,000 miles globally. 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 Qwest 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 potential fluctuations in quarterly results, volatility of Qwest?s stock price, intense competition in the communications services market, changes in demand for Qwest?s 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, rapid and significant changes in technology and markets, adverse changes in the regulatory or legislative environment affecting Qwest?s business and delays in Qwest?s ability to provide interLATA services within its 14-state local service territory, failure to maintain rights of way, and failure to achieve the projected synergies and financial results expected to result from the acquisition of U S WEST timely or at all and difficulties in combining the operations of Qwest and U S WEST. 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.

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Lee Wolfe
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