Qwest Communications Is Succeeding, Says CEO Nacchio, While Shareowners, Customers Demand More

Denver, February 16, 2001 ? Qwest Communications International Inc. (NYSE: Q) is continuing to succeed in a marketplace that is undergoing significant structural change while shareowners and customers are placing dramatically different demands on chief executive officers, Qwest Chairman and CEO Joseph P. Nacchio told an audience at the University of Pennsylvania?s Wharton School.

Nacchio said the telecommunications industry is undergoing structural change as older companies reposition themselves for the future. Speaking Thursday evening at a Wharton media and technology conference, Nacchio said Qwest had grown quickly in less than four years through seven mergers or acquisitions. He said that had been a smart way for Qwest to grow as it was maturing as a company.

On Jan. 24, Qwest announced fourth quarter 2000 results saying it had met or exceeded the consensus of analyst?s estimates for the 15th consecutive quarter since becoming a public company in 1997. The company also reconfirmed on Jan. 24 its 2001 targets for revenue and earnings before interest, taxes, depreciation and amortization (EBITDA).

Nacchio said the expectations and pressures on CEOs have changed significantly in 10 years because of the demand for speed, flexibility, the ability to manage many variables and not make the mistakes of others. He pointed out that a recent study showed that two thirds of all major companies have replaced their CEO at least once since 1995.

?You survive by managing on the run,? Nacchio said. ?You have to create a flexible business model, understand the market and stay just ahead of what it wants, and demonstrate that you personally have your own skin in the game.?

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(r) Fiber Network, designed with the newest optical networking equipment for speed and efficiency, spans more than 104,000 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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