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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): February 29, 2000
U S WEST, Inc.
(Formerly "USW-C, Inc.")
(Exact name of registrant as specified in its charter)
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A Delaware Corporation Commission File IRS Employer Identification
(State of Incorporation) Number 1-14087 No. 84-0953188
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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)
(The Exhibits Index is located on page 2
of this report.)
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Item 5. Other Events
On February 29, 2000, U S WEST issued a press release which is filed as
an exhibit to this Current Report on Form 8-K.
Item 7. Exhibits
(c) Exhibits Index
Exhibit 99 - Press Release issued by the Company on February 29, 2000
entitled "Trujillo Will Not Join the New Qwest; Will Remain
as Head of U S WEST Until Merger Closes"
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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
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Thomas O. McGimpsey
Assistant Secretary
Dated: February 29, 2000
EXHIBIT 99
U S WEST, Inc. [U S WEST LOGO]
1801 California Street
Denver, CO 80202
News Release
Release Date: Tuesday, February 29, 2000
Contact: Dana Smith Jeremy Story
(o) 303-896-5528 (o) 303-965-3235
(pager) 1-800-700-2425, pin #1475905 (pager) 303-509-6577
[email protected] [email protected]
TRUJILLO WILL NOT JOIN THE NEW QWEST;
WILL REMAIN AS HEAD OF U S WEST UNTIL MERGER CLOSES
NEW ORLEANS -- Following his remarks to the Wireless 2000 conference here today,
Solomon D. Trujillo, chairman, president and CEO, U S WEST (NYSE: USW), said he
will not be joining the new Qwest when the merger with U S WEST closes later
this year. Until then, he will remain chief executive of U S WEST to complete
the merger and continue to deploy the company's new cutting-edge broadband and
wireless products and services.
In a letter to employees today, Trujillo said, "When I initiated the merger
negotiations last year -- first with Qwest, then with Global Crossing and back
again to Qwest -- my vision was to create an end-to-end broadband network that
provides customers advanced, integrated services with local touch and global
reach. That vision has now been tested and validated in the marketplace. Despite
early skepticism, nearly everyone now agrees that the 'vertical' merger of U S
WEST and Qwest makes great sense.
"During recent months, we have made notable progress in completing the merger --
including timely regulatory approvals and cost-saving synergies. However, we are
now at a critical point in the merger. Even though we have agreed on a wide
range of issues, we have not found agreement on key strategic issues, including
leadership appointments, the structure of the organization and the role of the
Office of the Chair.
"For this merger to work for customers and shareholders alike, it is essential
for the leadership to be in full alignment on all these key issues. Accordingly,
I have decided to accommodate the views of my counterpart so that he can shape
the people selection, organization and governance of the new Qwest by his values
and priorities.
"When the merger of U S WEST and Qwest closes later this year, I will be
stepping down from my leadership position. I will not be joining the new Qwest.
"In the meantime, I will remain as chief executive of U S WEST until the merger
closes, hopefully sometime this summer. During this period I want to continue to
work to ensure that we reach this year's financial and service objectives, that
we complete the merger and that we continue to deploy the new products and
services that are transforming U S WEST from a traditional local exchange
carrier into the nation's premier local broadband provider."
About U S WEST
U S WEST (NYSE: USW) is a leading broadband and communications service provider,
with more than $13 billion in annual revenues. U S WEST leads the industry in
deploying next-generation broadband ADSL and VDSL Internet access and data/video
services; offers the nation's first and only 'one-number' advanced wireless
service that integrates customers' home or business phones with their wireless
PCS; and provides multimedia advertising services, including Internet and print
directories. The company has nearly 2 million miles of deployed fiber in the
U.S., provides local exchange services to more than 25 million customers in 14
states, and provides wireless services to more than 500,000 customers and data
services to more than 800,000 customers nationally.
U S WEST is merging with Qwest Communications International Inc. The
combination, to be named Qwest Communications International Inc., will create a
communications powerhouse with a market capitalization of more than $70 billion,
headquartered in Denver and employing about 64,000 people worldwide. U S WEST
and Qwest will unite the nation's most innovative local, wireless and broadband
communications firm with one of the world's most advanced fiber-optic networks
and broadband Internet providers. Together, the two firms will have more than 3
million miles of deployed fiber in the U.S. and worldwide, 29 million customers
and a local network that is 99.2 percent digitally switched. For more
information about U S WEST, go to http://www.uswest.com.
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