QWEST CORP

QWEST CORP is a leading digital networking services company that provides a broad array of integrated products and services to domestic and global Business customers and domestic Mass Markets customers. The company empowers enterprise businesses to fuel growth in a multi-cloud, AI-first marketplace by connecting people, data, and applications quickly, securely, and effortlessly. QWEST CORP operates one of the world's most interconnected communications networks, enabling customers to swiftly adjust digital programs, create efficiencies, accelerate market access, and reduce costs, allowing them to rapidly evolve their IT programs. On May 21, 2025, QWEST CORP and certain affiliates entered into an agreement to sell their Mass Markets Fiber-to-the-Home business in 11 states to AT&T. This sale was completed on February 2, 2026, for gross cash proceeds of $5.75 billion, subject to post-closing adjustments. QWEST CORP's ultimate parent company, Lumen Technologies, Inc., maintains cash management and intercompany financing arrangements. Most of QWEST CORP's cash is advanced daily to Lumen's service company affiliate for centralized management, with intercompany balances settled as needed. QWEST CORP may also periodically declare and pay dividends to its direct parent, Qwest Services Corporation. The company reports as one reportable segment.