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Technology Stocks : Qwest Communications (Q) (formerly QWST) -- Ignore unavailable to you. Want to Upgrade?

To: MangoBoy who wrote (3981)	6/13/1999 9:26:00 PM
From: Nick	Respond to of 6846

Financials, etc. Qwest anticipates that the two transactions will result in total operating synergies of approximately $14 billion over the first five post-completion years, including the following: -- Incremental revenues (net of costs) of $2.9 billion to $3.1 billion as the combined enterprise expands its local, data, IP and long-distance services. -- Operating cost savings of between $6.7 billion and $7.1 billion in such areas as network operations and maintenance, sales and marketing, billing, customer and back-office support and by capturing efficiencies in procurement and other areas. -- Capital expenditure savings of between $3.8 billion and $4.0 billion by eliminating duplication in the three companies' planned network buildouts and in other infrastructure and back-office areas. Financial and Strategic Superiority of Qwest's Proposals Qwest stated that its proposals for U S WEST and Frontier are financially and strategically superior to Global Crossing's pending transactions. -- Frontier's and U S WEST's shareholders will receive a higher premium for their shares; -- Frontier's and U S WEST's shareholders will receive a better stock currency, backed by premier assets and a strong management team with a proven track record of performance and growth; -- Frontier's and U S WEST's shareholders will benefit from value through greater realizable synergies; -- Qwest's transaction structures are simple; and -- integration of the three companies has a higher probability of success because of Qwest's successful experience in integrating operations. Each of the transactions is subject to regulatory and shareholder approvals and other customary closing conditions, including expiration of the applicable Hart-Scott-Rodino waiting periods. Qwest's financial and legal advisers on the transaction are Donaldson, Lufkin & Jenrette and Davis Polk & Wardwell, respectively.