| Qwest Communications International, Inc. | |||
| Ticker: | QWST | 555 Seventeenth Street, Suite 1000 | |
| Exchange: | New York Stock Exchange | Denver, CO 80202 | |
| Industry: | Transportation (SIC Code 4813) | (303) 291-1400 | |
| Type of Shares: | Common Shares | Filing Date: | 4/18/97 | |
| U.S. Shares: | 11,500,000 | Offer Date: | 6/23/97 | |
| Non-U.S. Shares: | 2,000,000 | Filing Range: | $17.00 - $20.00 | |
| Primary Shares: | 13,500,000 | Offer Price: | $22.00 | |
| Secondary Shares: | 0 | Gross Spread: | $1.32 | |
| Offering Amount: | $249,750,000 | Selling: | $0.80 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Shares Out After: | - |
| Manager | Tier | Phone |
| Salomon Brothers Inc. | Lead Manager | (212) 783-2947 |
| Donaldson, Lufkin & Jenrette Securities Corp. | Co-manager | (212) 371-0641 |
| Goldman, Sachs & Co. | Co-manager | (212) 902-5959 |
| Merrill Lynch & Co. | Co-manager | (212) 449-4600 |
| Issuer's Law Firm: | Holme Roberts & Owen |
| Bank's Law Firm: | Shearman & Sterling |
| Auditor: | KPMG Peat Marwick |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/96 | 12/31/96 | ||||
| Revenue: | $231.00 | Assets: | $264.26 | ||
| Net Income: | -$6.97 | Curr Assets: | |||
| EPS: | Liabilities: | $254.82 | |||
| Prior EPS: | Curr Liabilities: | ||||
| Cash Flow/Oper: | $32.52 | Equity: | $9.44 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is a facilities-based provider of communications services to interexchange carriers and other communications entities and to businesses and consumers, and it constructs and installs fiber optic communications systems for interexchange carriers The company is expanding its existing long distance network into an approximately 13,000route mile coast-to-coast, technologically advanced, fiber optic telecommunications network. The company will employ, throughout substantially all of the Qwest Network, a self-healing SONET ring architecture equipped with the most advanced commercially available fiber manufactured by Lucent Technologies together with advanced transmission electronics. The Qwest Network's advanced fiber and transmission electronics are expected to provide the company with lower installation, operating and maintenance costs than older fiber systems generally in commercial use today. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to fund capital expenditures required to construct the Qwest Network and purchase fiber cable and other materials, including electronic equipment necessary to light the segments of the Qwest Network and also repay outstanding advances from the Parent company. |