Qwest Communications and U S WEST Make Key Federal Filings for Merger Approval - Qwest Communications International - Company Business and Marketing

Cambridge Telcom Report, August 23, 1999

Qwest Communications International Inc. (Nasdaq: QWST) and U S WEST Inc.(NYSE: USW) have 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.

Qwest Communications International Inc. (Nasdaq: QWST) is a leader in reliable and secure broadband Internet-based data, voice and image communications for businesses and consumers. More information about Qwest may be found at www.qwest.com.

U S WEST (NYSE: USW) provides a full range of telecommunications services -- including wireline, wireless PCS, data networking, directory and information services -- to more than 25 million customers nationally and in 14 western and Midwestern states. More information about U S WEST may be found on the Internet at www.uswest.com.