-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, EzNV64tw5iXA4OTq4ShkrbnmdWTyvCs+a1S8RiYmqHrcJmZXrlzSzqE6uXIpEqao +gJOf0BqzwrbHQX0PVaa8g== 0001047469-99-036153.txt : 19990920 0001047469-99-036153.hdr.sgml : 19990920 ACCESSION NUMBER: 0001047469-99-036153 CONFORMED SUBMISSION TYPE: DEFA14A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990917 FILER: COMPANY DATA: COMPANY CONFORMED NAME: QWEST COMMUNICATIONS INTERNATIONAL INC CENTRAL INDEX KEY: 0001037949 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 841339282 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: SEC FILE NUMBER: 000-22609 FILM NUMBER: 99713674 BUSINESS ADDRESS: STREET 1: 700 QWEST TOWER STREET 2: 555 SEVENTEENTH STREET CITY: DENVER STATE: CO ZIP: 80202 BUSINESS PHONE: 3032911400 MAIL ADDRESS: STREET 1: 700 QWEST TOWER STREET 2: 555 SEVENTEENTH STREET CITY: DENVER STATE: CO ZIP: 80202 FORMER COMPANY: FORMER CONFORMED NAME: QUEST COMMUNICATIONS INTERNATIONAL INC DATE OF NAME CHANGE: 19970416 DEFA14A 1 DEFA14A SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant /X/ Filed by a Party other than the Registrant / / Check the appropriate box: / / Preliminary Proxy Statement / / Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) / / Definitive Proxy Statement /X/ Definitive Additional Materials / / Soliciting Material Pursuant to Section240.14a-11(c) or Section240.14a-12 QWEST COMMUNICATIONS INTERNATIONAL, INC. - -------------------------------------------------------------------------------- (Name of Registrant as Specified In Its Charter) - -------------------------------------------------------------------------------- (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): /X/ No fee required. / / Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. (1) Title of each class of securities to which transaction applies: ----------------------------------------------------------------------- (2) Aggregate number of securities to which transaction applies: ----------------------------------------------------------------------- (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): ----------------------------------------------------------------------- (4) Proposed maximum aggregate value of transaction: ----------------------------------------------------------------------- (5) Total fee paid: ----------------------------------------------------------------------- / / Fee paid previously with preliminary materials. / / Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. (1) Amount Previously Paid: ----------------------------------------------------------------------- (2) Form, Schedule or Registration Statement No.: ----------------------------------------------------------------------- (3) Filing Party: ----------------------------------------------------------------------- (4) Date Filed: ----------------------------------------------------------------------- [LOGO] Dear Qwest Shareowners: As you know, Qwest Communications entered into a definitive merger agreement with U S WEST, Inc. on July 18th. This creates a powerful, new $65 billion global broadband Internet communications company with approximately three million fiber miles of network worldwide. When the merger completes in mid-2000, the combined company is expected to have pro forma annual revenue of $18.5 billion and earnings before interest, taxes, depreciation and amortization (EBITDA) of $7.4 billion. We expect to bring together Qwest's advanced network and broadband Internet service capability with U S WEST's innovative local communications and broadband Internet access capability to form the benchmark large-capitalization growth company in the Internet/communications sector for the new millennium. Since the merger announcement, we have made significant progress in obtaining the approvals necessary to complete this merger. For example, the transaction has received clearance by the Department of Justice. Filings have also been made with the Federal Communications Commission and with public service commissions in the states in the U S WEST region that require merger approval. And we will hold our shareholders' meeting to consider the merger on November 2nd at the Hyatt Regency in Denver. The enclosed joint proxy provides a comprehensive review of the proposed merger. I urge you to read it carefully, including the section describing risk factors, and vote your proxy. I thought it might also be helpful for me to summarize the strategic rationale for our merger as we focus on increasing shareowner value in a rapidly changing Internet communications marketplace. The merger will accelerate our strategy of becoming the premier end-to-end provider of advanced broadband Internet-based communications worldwide. The merger will enable Qwest to extend its broadband Internet leadership position to more business and consumer customers through expanded broadband local connectivity. BROADBAND INTERNET LEADERSHIP Our recently completed 18,500-mile fiber optic U.S. network gives Qwest a leadership position in broadband Internet-based communications. The qualities and capabilities of our network platform have been a major factor in establishing that leadership position. We have the first 2.4 gigabit (OC-48) nationwide Internet Protocol (IP) backbone network. The network links the Qwest CyberCenter large Web hosting facilities where we manage and deliver a wide array of broadband value-added communications services. Technology alliances with Microsoft, Hewlett-Packard, Cisco, Oracle, SAP America and Siebel Systems enhance the ability of the Qwest CyberCenters to provide advanced applications and services. Our newly formed venture with KPMG provides a focused distribution capability for these services. U S WEST's !NTERPRISE data unit, with more than 200,000 Internet access customers, provides even further data capability and customer reach. LOCAL BROADBAND CONNECTIVITY U S WEST, with its 50,000-plus Digital Subscriber Line (DSL) subscribers, will allow Qwest to significantly enhance its ability to reach the 'last mile' and extend broadband connectivity to more customers. This will result in faster and greater penetration of Qwest's broadband Internet-based valued- added services to the 25 million U S WEST customers in the 14 states it currently serves as well as in other sections of the country. We will achieve more out-of-region local broadband connectivity for new Internet services, in part, by using U S WEST's employees and billing and provisioning systems. Building from a base of the largest eight to ten U S WEST cities, Qwest plans to become a national data-oriented Competitive Local Exchange Carrier (CLEC) focused on major cities outside the current U S WEST region and outside the region of our strategic partner BellSouth. We have already begun construction of 25 out-of-region local broadband networks. GROWTH, EFFICIENCIES, EFFECTIVENESS The linkage with U S WEST will bring about significant economies of scale as well as meaningful cost savings attained through the avoidance or elimination of duplicate operating costs and capital expenditures, and more efficiently handled procurement and selling, general and administrative functions. Combining these companies will result in a large cap growth company. Scale, scope, revenue, EBITDA and shareholder value are all expected to significantly grow after U S WEST merges with Qwest. The projected annual revenue growth rate is estimated between 15 and 17 percent, while the anticipated annual EBITDA growth is approximately 20 percent, after Qwest receives approval to provide interLATA long distance service throughout the U S WEST region. Your Qwest Board of Directors believes that the merger is in the best interests of Qwest and its shareholders. We unanimously recommend a vote FOR approval of the merger agreement. Sincerely, [SIG] Joseph P. Nacchio Chairman and CEO Qwest Communications International Inc. September 17, 1999 This letter may contain forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results. Readers are referred to the documents filed by Qwest with the SEC, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. Qwest undertakes no obligation to review or confirm analysts' expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. -----END PRIVACY-ENHANCED MESSAGE-----