Server: Netscape-Enterprise/2.01 Date: Thu, 18 Dec 1997 23:08:25 GMT Content-type: text/html U S WEST: U S WEST Profile U S WEST:  About U S WEST

U S WEST Profile

U S WEST, Inc. owns two major operating groups - U S WEST Communications Group and U S WEST Media Group. Since November of 1995, the groups have traded as distinct classes of "target" stock of U S WEST, Inc. (Under target stock, U S WEST is one company with one balance sheet, one tax return and one board of directors, but with stocks tracking the financial performance of its two operating units.)

On Oct. 27, 1997, U S WEST announced plans to split U S WEST Media Group and U S WEST Communications Group into separate public companies by year-end 1998. As part of the split, U S WEST Dex will be transferred from U S WEST Media Group to U S WEST Communications Group. U S WEST Dex is the company's Yellow pages and electronic directory business.

A number of regulatory and other approvals are required before the split-off can proceed, including approval by both shareowner groups and a favorable ruling from the Internal Revenue Service.

The U S WEST Communications Group provides telecommunications services to 25 million customers in 14 western and midwestern states: Arizona, Colorado, Idaho, Iowa, Nebraska, Minnesota, Montana, New Mexico, North Dakota, Oregon, South Dakota, Utah, Washington and Wyoming. (Ten of the nation's 15 fastest-growing cities are in the U S WEST territory.)

The U S WEST Media Group is a leading global media company. It operates domestic and international cable television and wireless telecommunications networks, publishes directories and develops and markets interactive multimedia services.

U S WEST is credited with a number of industry firsts and innovative steps to become a leader in global communications businesses. Some examples (in chronological order):

U S WEST, Inc., is headquartered in Englewood, Colo., a suburb of Denver. The company's total annual revenues approach $13 billion. The company has 69,000 employees.


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