DENVER, August 18, 1999 - Qwest Communications International Inc. (Nasdaq: QWST), the broadband Internet communications company, today announced it has been awarded a $25 million contract from LMCI, an Internet and local exchange service provider. Under the three-year contract, Qwest will provide LMCI with advanced network services including co-location, dedicated Internet access, asynchronous transfer mode (ATM), frame relay and private line.
LMCI provides broadband communications services to business throughout the U.S. and will be using the Qwest Internet Protocol (IP) backbone to expand its reach to more than 500 cities. LMCI provides a host of IP networking and voice services and will also use the Qwest network to broaden the delivery of its Digital Subscriber Line offering.
"Qwest is focused on providing broadband Internet communications solutions for converging technologies," said Stephen M. Jacobsen, Qwest executive vice president of business markets. "LMCI wants to broaden its reach and provide leading edge solutions to its customers, and they have recognized that Qwest's advanced nationwide fiber network provides an excellent platform to do so."
In addition, LMCI will co-locate their equipment in Qwest's facilities in a number of key markets. As a result, LMCI will be to provide DSL with added security, speed and reliability.
Qwest Communications International Inc. (Nasdaq: QWST) is a leader in reliable and secure broadband Internet-based data, voice and image communications for businesses and consumers. Headquartered in Denver, Qwest has more than 9,000 employees working in North America, Europe and Mexico. The Qwest Macro Capacity® Fiber Network, designed with the newest optical networking, spans more than 18,500 miles in the United States, with an additional 315-mile network to be completed by the end of the year. In addition, Qwest and KPN, the Dutch telecommunications company, have formed a venture to build and operate a high-capacity European fiber optic, Internet Protocol-based network that has 2,100 miles and will span 8,100 miles when it is completed in 2001. Qwest also has completed a 1,400-mile network in Mexico.
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 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 and on budget, financial risk management and future growth subject to risks, Qwest's ability to achieve Year 2000 compliance, adverse changes in the regulatory or legislative environment, and failure to complete the merger with U S WEST timely or at all. 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.
|Qwest Media Contact