id not file with Arizona and Minnesota regulators agreements that set terms for rival carriers to access Qwest's network as well as for carriers to send traffic over each other's networks. As of April, no formal fine had been imposed. Other probes But the restatement of its figures and the trial of its former executives was just part of the problems the company had to face. As of April 2004, Qwest had recorded a reserve of more than $100 million for the estimated liability associated with the probes by the SEC and the Department of Justice. In a filing with the SEC, Qwest warned that any losses related to resolving the probes could be more than it has in the reserves, saying that it is "probable that all but $100 million of the recorded reserves will be recoverable out of a portion of the insurance proceeds." At the same time as its SEC filing, Qwest said it has future purchase commitments totaling about $4.4 billion. The deals will obligate the company to buy network services and capacity, as well as hardware or advertising from other vendors. On the downside, Qwest did not expect to report sales in the near term that are large enough to offset costs associated with some of these deals, but was working to renegotiate some of the commitments. VAULT CAREER LIBRARY 2005 Vault Inc. Vault Guide to the Top Telecom Employers Qwest Communications International, Inc. Righting the ship Qwest took a major step in the right direction when the company reached a settlement agreement with the SEC in October 2004. Qwest agreed to pay the government $250 million, thus ending the agency's investigation into incidents of fraudulent accounting at Qwest and enabling the company to focus its full attention on its business. The agreement was reached without any admission or denial of guilt on Qwest's part. Restructuring As a result of a change in its segments in December 2002, Qwest has organized its products and services in three segments: wireline services, wireless services and other services. In September 2003, the company sold of