DENVER, August 5, 1997 -- Qwest Communications International Inc. (NASDAQ: QWST) today announced that it has reached agreement with Norfolk Southern Railway to install high-capacity fiber optic cable along Norfolk Southern?s rights of way between eight Southeastern cities. The agreement marks the last major acquisition of rights of way needed to complete construction of Qwest?s 13,000-mile fiber optic cable network -- the highest-capacity long distance network in America. Qwest now has 91 percent of the rights of way it needs to finish the network on schedule by the end of 1998. Rights to the remaining segments are being negotiated now. "We?re pleased to reach this important milestone in our commitment to build the nation?s most advanced fiber optic network," said Daniel I. O?Callaghan, Qwest?s senior vice president, Construction Services. "Norfolk Southern is an important leader in the transportation industry. Their rights of way are very attractive in extending the reach of our network to major cities in the Southeast." Qwest has contracts with America?s largest railroads because their rights of way represent the most secure environment for the fiber optic network Qwest is completing. To enhance security and reliability, Qwest buries the cable in high-strength conduits four to five feet underground, and uses SONET ring architecture to provide self-healing capabilities in the event of a cable cut or natural disaster. Qwest is a facilities-based provider of communications services to interexchange carrier customers. Qwest?s construction crews are building a 13,000 mile U.S. network using the latest fiber optic technologies and wave-division multiplexing techniques to achieve potential capacities that are the highest in the industry today. By using self-healing SONET rings, and by burying cable in high-strength conduit four to five feet under railroad rights-of-way, Qwest offers superior security and reliability to its customers. Further information is available on the company?s Website located at http://www.qwest.net.
Qwest Communications International, Inc. (Nasdaq: QWST), is a multimedia communications company building a high-capacity, fiber optic network for the 21st century. Qwest's planned domestic network will connect 125 cities, which represent approximately 80 percent of the data and voice traffic originating in the United States, upon its completion in the second quarter of 1999. Qwest is also extending its network 1,400 miles into Mexico with completion slated for late third quarter 1998. With its cutting-edge technology, Qwest will deliver high-quality voice, data and video connectivity securely and reliably to businesses, consumers and other communications service providers.
Note to Editors: This release contains or refers to forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that include, among others, (i) statements by Qwest concerning the benefits expected to result from certain transactions, including, without limitation, synergies in the form of increased revenues, decreased expenses and avoided expenses and expenditures that are expected to be realized by Qwest after the closing of such transactions, (ii) Qwest's plans to complete the Qwest Macro Capacity Fiber Network and (iii) other statements by Qwest of expectations, beliefs, future plans and strategies, anticipated developments and other matters that are not historical facts. Qwest cautions the reader that these forward-looking statements are subject to risks and uncertainties, including financial, regulatory environment, and trend projections, that could cause actual events or results to differ materially from those expressed or implied by the statements. Such risks and uncertainties include those risks, uncertainties and risk factors identified, among other places, in documents filed with Securities and Exchange Commission. The most important factors that could prevent Qwest from achieving its stated goals include, but are not limited to, (a) failure by Qwest to manage effectively, cost efficiently and on a timely basis the construction of the Qwest Network route segments, (b) failure by Qwest to enter into additional customer contracts to sell dark fiber or provide high-volume capacity and otherwise expand its telecommunications customer base on the Qwest Network, (c) failure by Qwest to obtain and maintain all necessary rights-of-way, (d) intense competition in Qwest's carrier services and commercial services markets, (e) the potential for rapid and significant changes in technology and their effect on Qwest's operations, (f) operating and financial risks related to managing rapid growth and integrating acquired businesses, (g) adverse changes in the regulatory environment, and (h) failure by Qwest to integrate the respective operations of Qwest and certain acquired businesses or to achieve the synergies expected from certain transactions. These cautionary statements should be considered in connection with any subsequent written or oral forward-looking statements that may be issued by Qwest or persons acting on its behalf. Qwest undertakes no obligation to review or confirm analysts' expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
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