November 11, 1998 ? PRIMUS Telecommunications Group, Incorporated (Nasdaq: PRTL) today awarded Qwest Communications International Inc. (Nasdaq: QWST) a $20 million, multi-year contract to provide network capacity from New York to Los Angeles and on other major Qwest fiber routes. Under the terms of the agreement, PRIMUS will receive long-term rights to use capacity on the Qwest network to carry communications traffic for its international and domestic customers.
"This arrangement with Qwest will strategically enhance PRIMUS?s Global Network by providing greater capacity and reliable, high-speed connections between our U.S. gateway switches and expanding points of presence," said Yousef Javadi, COO of PRIMUS North America of McLean, Va. "This capacity will replace existing leased lines in the U.S. and will significantly reduce PRIMUS?s cost structure. It will allow for very high speed and cost-efficient routing for our traffic from all continents, furnishing customers with even better service on our high-growth routes between Europe, Asia and the>Qwest is currently deploying a nationwide network that will span more than 18,500 route miles and interconnect over 130 cities in the U.S. To date, the company has secured 99.5 percent of its rights-of-way and has commenced construction on more than 17,955 miles of its network. Upon completion of the network in the second quarter of 1999, Qwest will be one of the first carriers to market with a state-of-the-art IP (Internet Protocol) network, incorporating the latest advances in transmission technology and capable of carrying data, video and voice communications on a single platform.
"The speed, reliability and unprecedented capacity of the Qwest Macro Capacity(sm) Fiber Network will serve PRIMUS well as they expand their global network to serve their domestic and international customers," said Gregory M. Casey, Qwest?s senior vice president of broadband capacity. "Our agreement with PRIMUS clearly illustrates Qwest?s commitment to delivering twenty-first century communications to customers."
PRIMUS Telecommunications Group, Incorporated is a global facilities-based telecommunications company providing domestic and international long-distance voice, data, private network and value-added services. The company provides services through an extensive global network of owned and leased transmission facilities, international gateway switches, and a variety of operating agreements that allow it to deliver traffic worldwide. Founded in 1994 and based in McLean, Va., PRIMUS now serves over 375,000 corporate, small- and medium-sized business, residential and wholesale customers located in the North America, Caribbean, Europe and the Asia-Pacific regions of the world. News and information are available at the Company?s website at http://www.PRIMUStel.com.
Qwest Communications International Inc. (Nasdaq: QWEST) is a multimedia communications company and one of the fastest growing companies in America today. Headquartered in Denver, Colorado, Qwest has approximately 6,000 employees and over 80 sales offices worldwide. With its world-class data and multimedia network, marketing expertise, and customer care and billing systems, Qwest is delivering high-quality data, video and voice connectivity securely and reliably to customers around the world. Further information is available at www.qwest.net.
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 and PRIMUS Telecommunications Group, Incorporated with the SEC, specifically the most recent reports 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.
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