QuickLinks -- Click here to rapidly navigate through this document

Exhibit 99.2

Consideration

(In millions except for per share data)		Per Share			Aggregate
Effective Value to MCI Shareholders		$	24.60		$	7,997
Less: Quarterly Dividends		$	(1.60	)	$	(520	)
	Cash Merger Consideration	$	(7.50	)	$	(2,438	)
Qwest Stock to Be Issued		$	15.50		$	5,039
Qwest Stock Price @2/11/05		$	4.15
Exchange Ratio						3.735
Qwest Shares to be Issued						1,214
% of Pro Forma Outstanding Qwest Shares						40	%

QuickLinks

Exhibit 99.2