Qwest Announces $79 Million Fiber Sale to Hyperion

DENVER - August 5, 1998 - Qwest today announced it has signed a dark fiber contract with Hyperion Communications worth more than $79 million. Under the terms of the agreement, Qwest will provide Hyperion with dark fiber along certain segments of Qwest?s nationwide fiber optic network.

?The superior construction and advanced capabilities of Qwest?s nationwide network continue to attract top communications companies, such as Hyperion, who require state-of-the-art networks to meet their enormous present and future communications needs,? said A. Dean Wandry, senior vice president of government markets and fiber sales for Qwest.

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.

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