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

To: Techplayer who wrote (4909)	8/13/1999 11:44:00 AM
From: MangoBoy	Read Replies (1) \| Respond to of 6846

[Qwest Communications and U S WEST Make Key Federal Filings for Merger Approval] DENVER, Aug. 13 /PRNewswire/ -- Qwest Communications International Inc. and U S WEST Inc. today announced that they filed two key merger documents with federal agencies. Qwest and U S WEST filed a Notification and Report Form with the U.S. Department of Justice, which is required by the Hart-Scott-Rodino Act for antitrust approval of the merger. The companies also filed a Registration Statement on Form S-4 with the Securities and Exchange Commission, which contains a proxy statement and prospectus for Qwest and U S WEST shareowners to evaluate the merger. Qwest and U S WEST announced July 18, 1999, that they intend to merge by mid 2000 and create a combined company with pro forma revenue of $18.5 billion in the year 2000, and pro forma EBITDA (earnings before interest, taxes, depreciation and amortization) of $7.4 billion. The company, to be named Qwest Communications International Inc., would employ approximately 64,000 people and be headquartered in Denver.

To: Techplayer who wrote (4909)	8/13/1999 3:39:00 PM
From: Larry Livingston	Read Replies (1) \| Respond to of 6846

This in from Reuters. Anyone know how much of an interest QWST has in this venture? FRANKFURT, Aug 13 (Reuters) - Dutch-American joint venture KPNQwest said on Friday that it expected sales of $350 million to $400 million in its first 12 months of operation, putting a higher and more precise range on its outlook. Earlier on Friday Chief Executive Jack McMaster told Reuters the company saw sales from April 1999 to April 2000 coming in at more than $300 million. Later, a KPNQwest spokesman gave a more precise range, saying the total should be in the range of $350 million to $400 million. "That's the figure we've been telling analysts," James Doherty told Reuters. The venture of former Dutch monopoly phone company KPN NV <KPN.AS> and Qwest Communications International Inc <QWST.O> of the United States has started building a series of high-speed data networks linking major European cities. With the Internet sparking a surge in demand for high-bandwidth capacity, KPNQwest is banking on explosive growth, Chief Executive Jack McMaster told Reuters in an interview. "Even with market share in the single digits, we could be a company with a revenue stream in the billions," McMaster said. Researchers estimate that soaring Internet use will drive the western European market for data communications services to $224 billion by 2001.