DENVER - March 18, 1998 - (Nasdaq: QWST) Qwest, a multimedia communications company building the world's most advanced fiber optic network, today announced it has approximately $35 million in new services contracts. In an agreement worth potentially $10 million, Qwest will provide to SunGard Recovery Services Inc. broadband data services over the Qwest Macro CapacitySM fiber network. Separately, Qwest has signed four sales agreements totaling approximately $25 million to provide dark fiber capacity to third-parties. The dark fiber agreements were reached with two major long distance telecommunications providers and an energy company. Qwest is developing a broadband network capable of delivering a new generation of multimedia communications applications.
"With the growing importance of data communications in the business market, Qwest is extremely pleased to provide SunGard with its advanced data services," said Lew Wilks, president of Business Markets at Qwest. "SunGard is one of the world's largest providers of crucial computer disaster recovery services, and by selecting Qwest, SunGard has endorsed the superior technology, reliability and integrity of Qwest's nationwide fiber optic network."
"By choosing Qwest, SunGard is confident it can continue to grow its business in new strategic directions and achieve highly competitive advantages in our markets," said Frank Schimberg, vice president of Telecommunications at SunGard. "With this agreement, Qwest becomes an integral component in the SunGard National Network."
The Qwest Macro CapacitySM Network
Qwest's planned domestic 16,285 mile network will serve over 125 cities, which represent approximately 80 percent of the data and voice traffic originating in the United States, upon its scheduled completion in the second quarter of 1999. Currently, nearly 3,750 miles are activated from Los Angeles to Cleveland; and from Dallas to Houston. 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 switchinon 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.
SunGard National Network
The SunGard National Network, (SNN), is a nationwide managed network for disaster recovery. SNN builds upon SunGard's 20 years of experience providing recovery network solutions. SNN brings together state-of-the-art technology and protocol-independent support in a total network solution between SunGard's recovery centers and its subscribers' sites throughout the United States.
About SunGard Recovery Services Inc.
SunGard Recovery Services, is the disaster recovery unit of SunGard Data Systems Inc. (NYSE:SDS), the only large specialized provider of proprietary investment support systems, comprehensive computer disaster recovery services, and health care information systems. SunGard Recovery Services founded the industry in 1978 and provides recovery services for all major computing platforms. Comprehensive Business RecoverySM services include: computer hotsites and coldsites; electronic vaulting; the SunGard National Network; remote testing and recovery; and work group recovery services for voice, data, and LAN systems. Services are delivered through SunGard's network of MegaCenters and MetroCenters as well as its fleet of Mobile Data Centers. Business resumption planning, consulting services and PC-based contingency planning tools are furnished through the company's SunGard Planning Solutions division. For further information on SunGard Recovery Services, the company's home page can be accessed at http://recovery.sungard.com.
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 servicavailable at http://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 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.
The Qwest logo is a registered trademark of Qwest Communications International Inc. in the U.S. and certain other countries.
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