U S West came aboard in late 1993, paying $2.5 billion for 25 percent of the company.
U S West took a similar $590 million charge.
U S West plans a public offering of its cellular business.
U S West, in effect, will begin keeping two sets of books.
U S West, on the other hand, is expanding its information services program.
U S West has been in the forefront of efforts to work with the cable companies.
U S West had sought a national presence, but found the effort too costly.
"U S West could have hidden behind legal issues if it wanted to."
U S West will cut 9,000 employees and take $3.8 billion in accounting charges.
U S West said it was not disappointed by the market reaction.