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Qwest Communications International Inc
Type Public (NYSE: Q)
Founded 1996 Denver, Colorado
Location Denver, Colorado, USA
Key people Richard Notebaert, CEO & Chairman
Industry Telecommunications
Products Telecom
Revenue $13.9 billion USD (2005) [1]
Employees 41,000
Website www.qwest.com

Qwest Communications International Inc. (IPA: /ˈkwɛst/) (NYSE: Q) is a large telecommunications carrier serving 14 western U.S. states: Arizona, Colorado, Idaho, Iowa, Minnesota, Montana, Nebraska, New Mexico, North Dakota, Oregon, South Dakota, Utah, Washington, and Wyoming.

Qwest provides voice, backbone data services, and digital television in some areas. It operates in three segments: Wireline Services, Wireless Services, and Other Services. Wireline Services segment provides local voice, long distance voice, and data and Internet (DSL) services to consumers, businesses, and wholesale customers, as well as access services to wholesale customers. Wireless Services segment, through an agreement with a subsidiary of The Sprint Nextel Corporation, resells Sprint wireless services, including access to Sprint’s nationwide personal communications service wireless network, to consumer and business customers primarily within its local service area. Qwest also partners with DirecTV to provide digital television service to its customers. Other Services segment primarily involves the sublease of real estate assets, such as space in office buildings, warehouses, and other properties. Qwest Communications also provides long-distance services and broadband data, as well as voice and video communications globally. The company sells its products and services to small businesses, governmental entities, and public and private educational institutions through various channels, including direct-sales marketing, telemarketing, arrangements with third-party agents, company’s Web site, and partnership relations. As of September 13, 2005, Qwest had 98 retail stores in 14 states. Qwest Communications is headquartered in Denver, Colorado.

Contents

  • 1 History
  • 2 Namesake buildings
  • 3 Qwest's competitors
  • 4 See also
  • 5 External links
    • 5.1 Articles

History

Founded in 1996 by Philip Anschutz, Qwest began in a very non-conventional way. Anschutz, who owned almost all of the railroad companies in the Western United States at the time, began installing the first all-digital, fiber-optic infrastructure along his railroad lines and connecting them into central junctions in strategic locations to serve businesses with high-speed data and T1 services.

Qwest Communications grew aggressively, acquiring LCI, a low cost long distance carrier (located in Dublin, Ohio and McLean, Virginia) in 1997. This launched Qwest as not only a provider of high speed data to the niche market of corporate customers, but also a quick-growing residential and business long distance customer base that it quickly merged into its data service.

USWEST Corporate Logo, 1984-2000

Qwest merged with "Baby Bell" US West on June 30, 2000 through an apparent hostile takeover. (See article on US West for more information); Philip Anschutz owns 17.5% of the resulting company.

One of the historically significant mass complaints regarding Qwest involved the company's tendency of switching its local telephone service customers over to Qwest's long-distance service without their permission, an illegal practice known as "slamming". In July 2000, Qwest paid a $1.5 million fine to the Federal Communications Commission to resolve slamming complaints. In April 2001, they paid a $350,000 fine to the Pennsylvania Bureau of Consumer Protection after the state cited them for deceptive advertising and slamming practices.

The company was also involved in accounting scandals, and was recently fined $250 million by the U.S. Securities and Exchange Commission (SEC), to be split into two $125 million payments due to the poor state of Qwest's current financial health. Among the transactions in question were a series of deals with Enron's broadband division which may have helped Enron conceal losses. Despite the settlement, in 2005, former CEO Joseph Nacchio and eight other former Qwest employees have been accused of fraud in a civil lawsuit filed by the SEC.

Qwest's original slogan was "Ride The Light", which demonstrated the company's technological advances. In 2002, Richard C. Notebaert, who took over as CEO that year, introduced the "Spirit of Service" campaign which promotes the company as being refocused on customer satisfaction.

In 2004, Qwest became the first local phone company in the United States to offer Standalone DSL (also known as Naked DSL), i.e. DSL Internet service that does not require the customer to have local landline phone service.

Namesake buildings

Qwest currently owns the naming rights to the following buildings:

  • Qwest Field (formerly Seahawks Stadium) in Seattle, Washington, home of the NFL Seattle Seahawks
  • Qwest Center Omaha, in Omaha, Nebraska, convention center and arena complex
  • Qwest Arena, a multi-purpose arena in Boise, Idaho

Qwest's competitors

  • AT&T
  • BellSouth
  • Verizon
  • Mediacom

See also

  • Corporate abuse
  • US West
  • Qwest Wireless
  • Dex Media

External links

  • Qwest website
  • Yahoo! - Qwest Communications International Inc. Company Profile
  • Website for the Association of U S WEST Retirees

Articles

  • Qwest to pay fine for slamming - 2001-04-27 - The Denver Business Journal
  • Qwest admits improper accounts - 29 July, 2002
Qwest Communications International, Inc.

Corporate Directors: Richard Notebaert | Linda Alvarado | Philip Anschutz | Charles Biggs | K. Dane Brooksher | Cannon Harvey | Peter Hellman | R. David Hoover | Patrick Martin | Caroline Matthews | Wayne Murdy | Frank Popoff | James Unruh

Assets
Holding Companies: U S West
Bell Operating Companies: Mountain States Telephone & Telegraph | Northwestern Bell | Pacific Northwest Bell
Wireless Services: Qwest Wireless

Annual Revenue: $13.9 billion USD ( FY 2005) | Employees: 41,000 | Stock Symbol: NYSE: Q | Website: www.qwest.com

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