SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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): March 29, 2001
QWEST COMMUNICATIONS INTERNATIONAL INC.
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(Exact name of registrant as specified in its charter)
Delaware
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(State or other jurisdiction of incorporation)
000-22609 84-1339282
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(Commission File Number) (IRS Employer Identification No.)
1801 California Street Denver, Colorado 80202
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 303-992-1400
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Not applicable
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(Former name or former address, if changed since last report)
On March 29, 2001, Afshin Mohebbi, President--Worldwide Operation of Qwest
Communications International Inc. ("Qwest"), is speaking at a conference hosted
by an investment banking firm.
At the conference, Mr. Mohebbi is stating the following, among other things:
o Based on his review of Qwest's results for January and February 2001, he is
comfortable with previously announced guidance of (1) revenue growth of
between 11.5% and 12.5% for the 1st quarter of 2001 over pro forma revenues
for the 1st quarter of 2000, (2) 2001 revenues of $21.3 billion to $21.7
billion (a 12.5% to 14.5% increase over pro forma revenues for 2000) and
2001 EBITDA (earnings before interest, taxes, depreciation and
amortization) of $8.5 billion to $8.7 billion (a 14.9% to 17.6% increase
over pro forma EBITDA for 2000), and (3) compounded annual growth rates for
revenue of 15% to 17% and EBITDA of 20% over the period 2000 to 2005.
o He expects that capital expenditures in 2001 would be approximately $9.5
billion. He expects that in future periods capital expenditures would be
less than 2001 levels owing to, among other things, reduced investments
required for Section 271 approval.
Qwest does not expect to make any further statements regarding its expected
financial results until it announces its results for the 1st quarter of 2001.
Qwest has previously announced that it intends to report its results at 7 a.m.
(EDT) on Tuesday, April 24, 2001, and will host a conference call with the
investment community at 9:00 a.m. (EDT) on April 24. On the call, Joseph P.
Nacchio, Chairman and CEO, and Robin R. Szeliga, Senior Vice President and
interim CFO, will provide the company's perspective on the business and first
quarter results. The call will be available on a Web broadcast at www.qwest.com.
Forward Looking Statements Warning
This Current Report on Form 8-K contains projections and other 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 Securities and Exchange Commission,
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, including potential fluctuations in quarterly results, volatility of
Qwest's stock price, intense competition in the communications services market,
changes in demand for Qwest's products and services, dependence on new product
development and acceleration of the deployment of advanced new services, such as
broadband data, wireless and video services, which could require substantial
expenditure of financial and other resources in excess of contemplated levels,
rapid and significant changes in technology and markets, adverse changes in the
regulatory or legislative environment affecting Qwest's business and delays in
Qwest's ability to provide interLATA services within its 14-state local service
territory, failure to maintain rights of way, and failure to achieve the
projected synergies and financial results expected to result from the
acquisition of U S WEST, Inc. timely or at all and difficulties in combining the
operations of Qwest and U S WEST. The information contained in this Current
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Report on Form 8-K is a statement of Qwest's present intention and is based
upon, among other things, the existing regulatory environment, industry
conditions and market conditions and prices. Qwest may change its intentions, at
any time and without notice, based upon any changes in such factors, in Qwest's
assumptions or otherwise. This Current Report on Form 8-K includes analysts'
estimates and other information prepared by third parties for which Qwest
assumes no responsibility. 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.
By including any information in this Current Report on Form 8-K, Qwest does not
necessarily acknowledge that disclosure of such information is required by
Regulation FD or that the information is material or was non-public prior to the
disclosure.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, Qwest has
duly caused this report to be signed on its behalf by the undersigned thereunto
duly authorized.
QWEST COMMUNICATIONS INTERNATIONAL INC.
DATE: March 29, 2001 By: /s/ YASH A. RANA
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Yash A. Rana
Associate General Counsel and
Assistant Secretary
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