-----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, M3GXBkTDaqncoMQ+bDcDxs+CUzGWXQIb7W7b3/UeTasXBmgs+k/1aWOIQqnbRfIF MVVPphP9na0GhNUe6chTxg== 0001054522-99-000002.txt : 19990125 0001054522-99-000002.hdr.sgml : 19990125 ACCESSION NUMBER: 0001054522-99-000002 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19990115 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19990115 FILER: COMPANY DATA: COMPANY CONFORMED NAME: U S WEST INC /DE/ CENTRAL INDEX KEY: 0001054522 STANDARD INDUSTRIAL CLASSIFICATION: 4813 IRS NUMBER: 840953188 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-14087 FILM NUMBER: 99507387 BUSINESS ADDRESS: STREET 1: 1801 CALIFORNIA STREET STREET 2: SUITE 390 CITY: DENVER STATE: CO ZIP: 80202 BUSINESS PHONE: 3036722700 MAIL ADDRESS: STREET 1: 1801 CALIFORNIA STREET STREET 2: SUITE 390 CITY: DENVER STATE: CO ZIP: 80202 FORMER COMPANY: FORMER CONFORMED NAME: USW-C INC DATE OF NAME CHANGE: 19980204 8-K 1 PRESS RELEASE =============================================================================== UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 15, 1999 U S WEST, Inc. (Formerly "USW-C, Inc.") (Exact name of registrant as specified in its charter)
A Delaware Corporation Commission File IRS Employer Identification (State of Incorporation) Number 1-14087 No. 84-0953188
1801 California Street, Denver, Colorado 80202 (Address of principal executive offices, including Zip Code) Telephone Number (303) 672-2700 (Registrant's telephone number, including area code) =============================================================================== Item 5. Other Events On January 15, 1998, U S WEST, Inc. issued a press release entitled "U S WEST to Sell 500,000 Access Lines". The press release is attached hereto as Exhibit 99. Item 7. Financial Statements and Exhibits (c) Exhibits Exhibit 99 - Press Release issued January 15, 1999 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. U S WEST, Inc. (Formerly "USW-C, Inc.") By: /s/ Thomas O. McGimpsey ------------------------------------------------ Thomas O. McGimpsey Assistant Secretary Dated: January 15, 1999
EX-99 2 PRESS RELEASE EXHIBIT 99 U S WEST, Inc. 1801 California Street Denver, CO 80202 News Release [U S WEST Logo] Release Date: Friday, January 15, 1999 Contact: David Beigie, (303) 896-5528 Emily Harrison, (303) 965-3235 U S WEST to sell 500,000 access lines DENVER -- U S WEST today announced plans to sell approximately 500,000 access lines - about three percent of its total 16.5 million lines. The sale is part of U S WEST's plan to increase its investment in new technologies and services for customers across its region. A purchase agreement is expected to be reached by late April. The sales should be final in 12-18 months, pending state and federal regulatory review. The company plans to offer a portion of its access lines, central office and outside plant equipment in 10 of its 14 states, including Arizona, Colorado, Iowa, Idaho, Minnesota, Montana, North Dakota, South Dakota, Nebraska and Wyoming. Over the next several weeks, detailed information will be distributed to qualified companies with the financial strength, expertise and experience to operate telecommunications networks. U S WEST has retained Lehman Brothers as its exclusive financial advisor with respect to the sales. "We will be looking at companies that have the financial and operational ability to provide high-quality telecommunications services - including the ability to provide the advanced services that customers are demanding," said Betsy Bernard, executive vice president, Retail Markets, U S WEST. "In most cases, these companies will be able to offer a full range of services, including long-distance, to meet customers' desire for one-stop shopping. This offering also will help U S WEST increase our investments in innovative technologies and services to better meet the needs of our customers. It will be a `win-win' for communications consumers throughout our region." U S WEST (NYSE:USW) provides a full range of telecommunications services -- including wireline, wireless PCS, data networking, directory and information services -- to more than 25 million customers nationally and in 14 western and midwestern states. More information about U S WEST can be found on the Internet at http://www.uswest.com. [Safe Harbor Statement: This document contains statements about expected future events and financial results that are forward-looking and subject to risks and uncertainties. For these statements, we claim the safe harbor for "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Factors that could cause actual results to differ from expectations include: (i) greater than anticipated competition from new entrants into the local exchange, intraLATA toll, wireless, data and directories markets, causing loss of customers and increased price; (ii) changes in demand for U S WEST's products and services, including optional custom calling features; (iii) higher than anticipated employee levels, capital expenditures and operating expenses (such as costs associated with year 2000 remediation); (iv) the loss of significant customers; (v) pending and future state and federal regulatory changes affecting the telecommunications industry, including changes that could have an impact on the competitive environment in the local exchange market; (vi) a change in economic conditions in the various markets served by U S WEST's operations; (vii) higher than anticipated start-up costs associated with new business opportunities; (viii) delays in U S WEST's ability to begin offering interLATA long-distance services; (ix) consumer acceptance of broadband services, including telephony, data and wireless services; and (x) delays in the development of anticipated technologies, or the failure of such technologies to perform according to expectations. These cautionary statements by the Company should not be construed as exhaustive or as any admission regarding the adequacy of disclosures made by the Company. The Company cannot always predict or determine after the fact what factors would cause actual results to differ materially from those indicated by the forward-looking statements or other statements. In addition, readers are urged to consider statements that include the terms "believes", "belief", "expects", "plans", "objectives", "anticipates", "intends", or the like to be uncertain and forward-looking. All cautionary statements should be read as being applicable to all forward-looking statements wherever they appear. U S WEST does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.] ###
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