Anschutz Company and Subsidiaries - Page 4

                                        - 4 -                                         
          making Qwest a wholly owned subsidiary.                                     
               During the years in issue, Phillip F. Anschutz (Mr.                    
          Anschutz) was the direct, sole owner of Anschutz Company.                   
          During the years in issue, Anschutz Company was the parent                  
          corporation of an affiliated group of corporations, as defined by           
          section 1504(a), which included Qwest.  Anschutz Company and its            
          affiliated subsidiaries will hereinafter be referred to as                  
          petitioners.                                                                
               Mr. Anschutz moved Qwest’s headquarters from San Francisco             
          to Denver in 1994 in order to have the company near his office              
          for monitoring and control purposes.  During the years in issue,            
          Mr. Anschutz was in almost daily contact with Qwest executives.             
          Mr. Anschutz had final approval on any decision by Qwest that               
          involved investment.                                                        
          II. Evolution of Qwest’s Telecommunications Business                        
               While its charter indicated that it would provide                      
          telecommunications services, Qwest’s initial involvement in the             
          telecommunications business was not until 1987, when it acted as            
          a liaison between Southern Pacific and MCI Telecommunications               
          Corporation (MCI).  Qwest’s business operations further evolved             
          through the years as it began constructing fiberoptic conduit               
          systems.  Qwest first worked as a general contractor and hired              
          subcontractors to do the majority of the work.  By the end of the           
          years in issue, Qwest performed most of the construction on its             






Page:  Previous  1  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  18  19  20  Next

Last modified: May 25, 2011