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

To: Teegir who wrote (719)	1/29/1998 2:56:00 PM
From: Nick	Respond to of 6846

Thursday January 29, 2:34 pm Eastern Time Company Press Release Qwest Sells $300 Million Senior Discount Notes DENVER--(BUSINESS WIRE)--Jan. 29, 1998--Qwest Communications International Inc. (NASDAQ:QWST - news) announced today that it sold and issued $450,505,000 in aggregate principal amount at maturity of its 8.29% Senior Discount Notes due 2008. Gross proceeds from the sale of the notes will total approximately $300 million. Cash interest would not be paid on the notes for 5 years, although Qwest may elect to pay interest after 3 years. Proceeds of the notes sale will be used primarily for growth of Qwest's business in the United States including data services deployment and IS infrastructure buildout; expansion of the Qwest asset base; and increased presence in international markets such as Mexico and Europe. The notes have not been registered under the Securities Act of 1933 and may not be offered or sold absent registration or an applicable exemption from registration requirements. This release may contain 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 SEC, specifically the most recent reports on Form 10-Q, 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, dependence on new product development, rapid technological and market change, failure to complete the network on schedule, volatility of stock price, financial risk management and future growth subject to risks. Contact: Qwest Communications Corporate Contact: Lisa Hempel, (303) 291-1708 lhempel@qwest.net qwest.net or Qwest Communications Investor Contact: Lee Wolfe, (800) 567-7296 lwolfe@qwest.net qwest.net