DENVER - February 24, 1998 (Nasdaq: QWST) Qwest, a multimedia communications company building the world's most advanced fiber optic network, today announced it has secured several multi-year business contracts totaling approximately $12 million in revenues. Qwest will provide these accounts with a variety of data, voice and multimedia communications services.
"Qwest's Business Markets division is in the early stages of its sales efforts, and already we have had a tremendous amount of success in obtaining large, multi-year contracts," said Lew Wilks, president of Business Markets at Qwest. "These contracts validate the customer acceptance of the enormous strategic value of the Qwest Macro Capacity Fiber Network to deliver state-of-the-art data and voice services."
The Qwest Macro CapacitySM Network
Qwest's planned domestic 16,285 mile network will serve more than 125 cities, which represent approximately 80% of the data and voice traffic originating in the United States, upon its scheduled completion in the second quarter of 1999.e activated from Los Angeles to Columbus, Ohio. Qwest is also extending its network 1,400 miles into Mexico with completion slated for late third quarter 1998.
The Qwest Macro Capacity Fiber network is designed with a highly reliable and secure bi-directional, line switching OC-192 SONET ring architecture. Upon completion, the network will offer a self-healing system that provides the ultimate security and reliability by allowing instantaneous rerouting in the event of a fiber cut.
Qwest Communications International Inc. (NASDAQ:QWST) is a multimedia communications company building a high-capacity, fiber optic network for the 21st century. With its cutting-edge technology, Qwest will deliver high-quality data, video and voice connectivity securely and reliably to businesses, consumers and other communications service providers.
This release may contain forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results. Readers are referred to the documents filed by Qwest with the SEC, specifically the most recent reports on Form 10-Q, which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements, including potential fluctuations in quarterly results, dependence on new product development, rapid technological and market change, failure to complete the network on schedule, volatility of stock price, financial risk management and future growth subject to risks.
QwestLinked is a trademark, and the Qwest logo is a registered trademark of Qwest Communications International Inc. in the U.S. and certain other countries.
|Qwest Media Contact