Qwest Communications International Inc.

News and overview for Qwest Communications International Inc.

Qwest Communications International Inc. and Qwest Capital Funding, Inc. Announce Early Participation Results of Cash Tender Offer [Press Release]
Business Wire | 5 days 23 hours 41 minutes ago
Qwest Communications International Inc. (NYSE:Q) and its Qwest Capital Funding, Inc. (QCF) subsidiary announced today that a total of $959.5 million in aggregate principal amount of QCF's 7.9 percent Notes due 2010 and 7.25 percent Notes due 2011 (individually and collectively, the “Notes”) were tendered prior to 5 p.m. EST, on Tuesday, March 9, 2010 (the “Early Participation Payment Deadline”), and all of such Notes have been accepted for purchase. Since commencement of the tender offer on F...


Qwest Communications International Inc. and Qwest Capital Funding, Inc. Announce Cash Tender Offer by Qwest Capital Funding, Inc. for Notes [Press Release]
Business Wire | 20 days 11 minutes ago
Qwest Communications International Inc. (NYSE:Q) and its Qwest Capital Funding (QCF) subsidiary announced today an offer by QCF to purchase for cash any and all of two series of outstanding QCF debt securities with an aggregate principal amount of approximately $1.2 billion. Qwest Communications International Inc. (QCII) has unconditionally guaranteed the obligations of QCF under the notes.


Qwest Reports Fourth Quarter and Full Year 2009 Results [Press Release]
Business Wire | 28 days 1 hour 11 minutes ago
Qwest Communications International Inc. (NYSE:Q):


Qwest Connects Home of the Minnesota Twins with Converged Voice, Video, Wireless LAN and Data Networking Solution [Press Release]
Business Wire | 20 days 22 hours 10 minutes ago
Qwest (NYSE: Q) today announced it has signed an exclusive multiyear agreement with the Minnesota Twins to deliver exciting, fan-friendly technology at Target Field. The baseball franchise has named Qwest its Official Communications Provider.


FaxCore Utilizes Qwest to Leverage Benefits of IP Networking [Press Release]
Business Wire | 21 days 23 hours 11 minutes ago
FaxCore (www.faxcore.com) utilizes iQ SIP Trunk from Qwest Communications (NYSE: Q) to converge its voice and data services onto a single platform. A leading provider of IP-based fax server solutions, FaxCore’s new communications architecture is more simplified, centralized and cost-efficient.


Joe Nacchio, Ex-Qwest CEO, Denied New Trial
xchange | 1 day 15 hours 3 minutes ago
Ex-Qwest Communications International Inc.(Q) CEO Joe Nacchio won’t get a new trial on the insider trading charges for which he was convicted in 2007.


Qwest Announces Resignation of Linda G. Alvarado from Board of Directors [Press Release]
Business Wire | 28 days 14 hours 11 minutes ago
Qwest Communications (NYSE: Q) today announced that Linda G. Alvarado has decided to step down from its board of directors to dedicate more time to her company and other organizations in which she is involved. Alvarado, who is president and chief executive officer of Denver-based Alvarado Construction, Inc., will remain on the board of the Qwest Foundation, the company’s charitable giving organization. Alvarado has served on Qwest’s board of directors since 2000 and served as a director for U...


U.S. Army Uses Messaging System by Qwest and TechRadium to Keep Soldiers and Families Connected [Press Release]
Business Wire | 63 days 23 hours 3 minutes ago
Qwest Government Services, a division of Qwest Communications International Inc. (NYSE: Q), has completed the implementation of the eArmy Family Messaging System, a new program by the U.S. Army Family and Morale, Welfare, and Recreation Command, which provides information to soldiers’ families during all stages of their deployment.


Qwest Offers Cloud-Computing Services at New Managed Hosting Center [Press Release]
Business Wire | 28 days 22 hours 8 minutes ago
Qwest Communications (NYSE: Q) today announced the opening of its 17th data center nationwide and third center in the Washington, D.C., metro area, in response to continued customer demand for hosting and cloud-based infrastructure services. The new Qwest-owned and operated CyberCenter currently is supporting one federal government customer. The new 129,000 square foot facility will be equipped with redundant state-of-the-art network and hosting capabilities.


Fitch Affirms Qwest's IDR at 'BB'; Maintains Stable Outlook [Press Release]
Business Wire | 82 days 20 hours 19 minutes ago
Fitch Ratings has affirmed Qwest Communications International, Inc.'s (Qwest) Issuer Default Rating (IDR) at 'BB'. Additionally, Fitch has affirmed the IDRs of Qwest's wholly owned subsidiaries, including Qwest Corporation (QC) as well as the specific issue ratings as highlighted below. The Rating Outlook for Qwest and its subsidiaries remains Stable. Approximately $14.1 billion of debt outstanding as of Sept. 30, 2009 is affected by Fitch's action.


Qwest Communications International Inc. Announces New $1.035 Billion Revolving Credit Facility [Press Release]
Business Wire | 84 days 23 hours 11 minutes ago
Qwest Communications International Inc. (NYSE:Q) today announced that it has entered into a new revolving credit facility. The new $1.035 billion agreement expires on Sept. 30, 2013, and replaces the company’s pre-existing revolving credit agreement that was scheduled to expire on Oct. 21, 2010. Wachovia Bank, National Association – an affiliate of Wells Fargo Securities, LLC – acts as administrative agent under the new agreement.


Qwest Communications International Inc. Announces Offering of $500 Million of Debt Securities and Redemption of 7.25% Senior Notes Due 2011 [Press Release]
Business Wire | 67 days 22 hours 6 minutes ago
Qwest Communications International Inc. (NYSE:Q), today announced that it is offering $500 million aggregate principal amount of debt securities in a private placement to be conducted pursuant to Rule 144A under the Securities Act of 1933, as amended. The net proceeds of the offering will be used for general corporate purposes, including repayment of indebtedness, and funding and refinancing investments in the company’s and its subsidiaries’ telecommunications assets.


Qwest May Be Leaving Denver Headquarters
xchange | 4 days 13 hours 2 minutes ago
Carrier Seeks to Save $12M


Fitch Rates Qwest Senior Notes 'BB+'; Outlook Remains Stable [Press Release]
Business Wire | 67 days 17 hours 43 minutes ago
Fitch Ratings has assigned a 'BB+' rating to Qwest Communications International, Inc.'s (Qwest) proposed $500 million issuance of senior unsecured notes due 2018. The new notes will be guaranteed by wholly owned subsidiaries Qwest Services Corporation (QSC) and Qwest Capital Funding, Inc. (QCF) on a senior unsecured basis. The notes will rank pari passu with Qwest's existing senior unsecured notes due February 2011, 2014, and 2015 and will be governed by the same indenture, dated Feb. 5, 2004...


Qwest Communications International Inc. Places $800 Million in Notes [Press Release]
Business Wire | 67 days 14 hours 41 minutes ago
Qwest Communications International Inc. (NYSE: Q) today announced that it has priced an offering of $800 million aggregate principal amount of debt securities due April 1, 2018. The notes bear an interest rate of 7.125 percent per annum, payable semi-annually on April 1 and Oct. 1, with the first interest payment date on Oct. 1, 2010.





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Company Overview


Company: Qwest Communications International Inc.
Industry: Local Exchange Carriers
Website: http://www.qwest.com

A journey at the speed of light: Qwest Communications spans the globe with its high-capacity broadband fiber-optic network. The company is among the leading US local phone providers and serves nearly 12 million access lines in a 14-state region stretching from Arizona north to Wyoming and east to Minnesota. Qwest also provides long-distance and international calling, as well as broadband data, voice, and video services to business customers. The company's wholesale network extends outside of its local service area, linking major global metropolitan areas and providing high-volume transmission capacity and other wholesale services to other carriers and resellers.


Key Numbers

Sales in U.S. Dollars (mil.) 12,311 (2009)
One-year % Growth in Sales -8.6 (2009)
Net Income in U.S. Dollars (mil.) 662 (2009)
One-year % Growth in Net Income -2.8 (2009)
Number of Employees 30,138 (2009)
One-year % Growth in Number of Employees -8.5 (2009)
Fiscal Year-End December