Scottrade Signs Multi-Year, Multimillion Dollar Contract with Qwest Communications

DENVER, June 17, 2003 - Qwest Communications International Inc. (NYSE: Q) today announced that it has been awarded a multi-year, multimillion dollar data communications services agreement from Scottrade, a leader in online investing and currently ranked highest in investor satisfaction with online trading services by J.D. Power and Associates.

Qwest will provide Scottrade with private routed communication network connections among its 178 branch locations in 47 states. These connections will allow Scottrade to deliver a cost-effective, robust and flexible solution to support its network of branch offices.

?Scottrade is committed to providing excellent customer service, and now we?ll have even more secure and reliable connections to our branches and customers and their important account information,? said Jeff Polsgrove, chief information officer at Scottrade. ?Qwest understood our needs and helped us understand how we can use its network to complement our commitment to service.?

?Qwest is proud to include Scottrade, recognized as a leader in customer satisfaction, among its list of new customers because we share a common commitment to anticipating and meeting customers? needs with excellent service,? said Clifford Holtz, executive vice president, Qwest?s business markets group. ?As Scottrade continues to expand, Qwest will be there to meet the company?s growing communications needs. We are looking forward to a very long and mutually beneficial relationship with Scottrade.?

The foundation for Qwest?s communications service offerings is its 180,000-plus-mile global broadband network, which provides a platform for a wide spectrum of services, including everything from a single private line or frame relay application to Web hosting or professional services tailored to the individual business. Qwest also offers strategic consulting, custom application development and database design.

About Qwest

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 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

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: unanticipated delays in completing the process of our restatement of historical financial statements and related audits; 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 and certain transactions; 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; delays in making required public filings with the SEC; 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.

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

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