DENVER - September 8, 1998 - Qwest (NASDAQ:QWST) today announced it has been awarded a contract, worth $38 million, from MiCTA - a non-profit organization dedicated to helping learning institutions, libraries, non-profit hospitals, county governments, municipalities, and other non-profit entities handle the acquisition and implementation of telecommunications services within their organizations. Under the terms of the three-year agreement, Qwest will provide long distance service to all of MiCTA's organizational members in the contiguous 48 states. In addition, Qwest will provide dedicated Internet access service to MiCTA members who reside outside of Michigan.
"Qwest is pleased to have been chosen as an endorsed provider of communications services for MiCTA," said Lew Wilks, president of Business Markets for Qwest. "Given the organization's extensive evaluation and review process, we view this win as an endorsement of Qwest's ability to deliver state-of-the-art data and voice services to the education and non-profit communities."
"Qwest has made an investment in the future of the Internet, which will serve MiCTA members well into the twenty-first century," said Kenneth Johnson, president of MiCTA. "Qwest's network, one of the most robust communications networks in the world, has an incredible amount of bandwidth that can carry MiCTA members' data, video and voice traffic with plenty of room to spare."
The contract award from MiCTA marks Qwest's continued success in providing advanced communications services to the academic community. In April of 1998, Qwest announced it would be the backbone provider for the University of California's CalREN2 Internet2 research and education network. One week after this announcement, Vice President Al Gore announced at a White House ceremony that Qwest would be the backbone provider for the nationwide Abilene Internet2 project. With access to the nationwide Qwest Macro CapacitySM Fiber Network, Abilene will be the farthest reaching, highest capacity research and education network in the world.
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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