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To: Straight Up who wrote (6232)	5/27/1999 1:57:00 PM
From: Kurthend	Read Replies (2) \| Respond to of 10081

Straight, Regarding the Qwestalk.com site. This press release was just put out on the wire. Notice the highlights (bolded) areas. With BS and QWST both trialing GMGC, this sounds very positive. Take care, Kurt PS I will respond late on the other messages. biz.yahoo.com Thursday May 27, 1:16 pm Eastern Time Company Press Release Qwest and BellSouth Close Equity Investment to Provide Next Generation Services BellSouth Buys 10 Percent of Qwest DENVER--(BUSINESS WIRE)--May 27, 1999--Qwest Communications International Inc. (Nasdaq:QWST - news), the Internet communications company, and BellSouth Corporation (NYSE:BLS - news) today announced they have reached a strategic milestone by closing an equity investment that allows the two companies to provide market-leading communications services to customers and gives BellSouth a 10 percent equity stake in Qwest. As a result of the agreement, Qwest has received approximately $1.923 billion from BellSouth in exchange for 40,700,000 shares of Qwest common stock. Qwest's principal stockholder, Anschutz Company, also sold 33,300,000 shares of Qwest common stock to BellSouth for approximately $1.573 billion. ''We are extremely pleased to have completed this transaction in less than 40 days, which clearly illustrates the level of confidence and desire both companies have in working together,'' said Qwest Chairman and CEO Joseph P. Nacchio. ''The agreement will rapidly accelerate the companies' efforts to provide leading-edge services from long distance to e-commerce to the companies' 38 million customers around the globe.'' The total number of shares purchased by BellSouth from Qwest and Anschutz reflects Qwest's two-for-one stock split that occurred on May 24, 1999. Qwest also said that the two companies have recently initiated coordinated marketing efforts throughout the U.S. Qwest is delivering a portfolio of data networking, Internet and voice services, while BellSouth provides a complement of local networking and Internet services.