Qwest Communications
Industry: Communications Services

Qwest Communications International Inc. (NYSE: Q) is a leader in reliable, scalable and secure broadband data, voice and image communications for businesses and consumers. The Qwest Macro Capacity(R) Fiber Network, designed with the newest optical networking equipment for speed and efficiency, spans more than 190,000 miles globally.

Business Summary
Qwest Communications International Inc. (Qwest) provides local telecommunications and related services, long-distance services, and wireless, data and video services within its local service area, which consists of the 14-state region of Arizona, Colorado, Idaho, Iowa, Minnesota, Montana, Nebraska, New Mexico, North Dakota, Oregon, South Dakota, Utah, Washington and Wyoming. The Company operates in three segments: Wireline Services, Wireless Services and Other Services. Its business customers include small businesses, national and global businesses, governmental entities, and public and private educational institutions. It also provides products and services to other telecommunications providers who purchase the Company's products and services on a wholesale basis. During the year ended December 31, 2004, Wireline Services contributed 96%, Wireless Services contributed 3.7% and Other Services contributed 0.3%, respectively, to the Company's total revenue.

Financial Summary
Q provides local telecommunications and related services, Intra-LATA and InterLATA long distance services and wireless, data and video services. For the 6 months ended 6/30/05, revenues fell less than 1% to $6.92B. Net loss decreased 90% to $107M. Revenues reflect reduced local voice revenues and a decrease in consumer access lines. Lower loss reflects an increase in margins due to employee cost savings.