SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Qwest Communications (Q) (formerly QWST) -- Ignore unavailable to you. Want to Upgrade?


To: TideGlider who wrote (1424)6/5/1998 9:31:00 AM
From: David Lawrence  Read Replies (1) | Respond to of 6846
 
How's this for "in your face "?!

DENVER--(BUSINESS WIRE)--June 5, 1998--Qwest today announced it
would continue to offer customers, in U S WEST's 14-state territory,
long distance service at a rate of 10-cents per minute, 24 hours a
day, seven days a week, with no monthly fees -- an offer that is 50
percent less than AT&T's advertised One Rate(SM) offer.
The announcement follows Seattle Federal District Judge William
L. Dwyer's issuance of a preliminary injunction against U S WEST's
Buyer's Advantage program. The Buyer's Advantage program offers U S
WEST customers local phone service with the option of Qwest's
competitive long distance 10-cents per minute offer.
"It is ironic that at the same time AT&T and MCI are raising
their long distance rates, they are exerting a tremendous amount of
energy blocking customers from the benefits of one of the lowest
priced long distance offerings available today," said Joseph P.
Nacchio, president and CEO of Qwest.
"Qwest will continue aggressive marketing to customers in U S
WEST's territory to deliver the value and simplicity of our offer. By
the way, U S WEST customers may still exercise the option of getting
their local and Qwest long distance service on one bill from U S WEST.
Additionally, customers receiving a single bill for both services can
make just one call to resolve questions about their invoice."
Customers already signed up for Buyer's Advantage will continue
to enjoy the conveniences of the program. For those who have not
signed up for Buyer's Advantage, they may still receive the same
highly competitive Qwest long distance service by calling Qwest
customer service at 888/823-4182.
In addition, they may choose to have their Qwest long distance
billing appear on either a separate Qwest bill or on their local U S
WEST bill. Customers may also request Qwest long distance service when
they call into U S WEST for local service.

The Qwest Macro Capacity Fiber Network

Qwest's planned domestic 18,409 mile network will serve over 130
cities, which represent approximately 80 percent of the data and voice
traffic originating in the United States, upon its scheduled
completion in the second quarter of 1999.
To date, approximately 8,500 miles of the Qwest Macro Capacity
Fiber Network are activated, including the transcontinental segment
that extends from Los Angeles to Sacramento and across to New York.
Qwest is also extending its network 1,400 miles into Mexico with
completion slated for late 1998 and has transatlantic capacity to
serve Europe.
The Qwest Macro Capacity Fiber network is designed with a highly
reliable and secure bi-directional, line switching OC-192 SONET ring
architecture. Upon completion, the network will offer a self-healing
system that provides the ultimate security and reliability by allowing
instantaneous rerouting in the event of a fiber cut.

About Qwest

Qwest Communications International Inc. (NASDAQ:QWST) is a
multimedia communications company building a high-capacity, fiber
optic network for the 21st century. With its state-of-the-art network
technology, Qwest will deliver high-quality data, video and voice
services securely and reliably to businesses, consumers and other
communications service providers. Further information is available at
www.qwest.net.

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, especially the most recent filings of
Qwest under the Securities Exchange Act of 1934, 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.
Note to Editors: The Qwest logo is a registered trademark of
Qwest Communications International Inc. in the U.S. and certain other
countries.