DENVER, October 10, 2001 ? Qwest Communications International Inc. (NYSE: Q), the broadband communications company, announced today that it has been awarded a $10.8 million, three-year communications-services contract with the State of Indiana.
This new agreement was awarded for a variety of communications services ? virtual network, long-distance, toll-free and calling card ? that will be used by state, county and city governments, as well as K-12 schools and state-funded universities.
?Qwest continues to win contracts from federal, state and local governments because they realize the value of Qwest?s network reliability and performance,? said Joel Arnold, executive vice president of global business markets for Qwest. ?The majority of public-sector organizations that sign agreements with Qwest ultimately extend the suite of services they get from us because of our ability to deliver cost-effective, enterprise-wide solutions.?
Qwest also recently announced that it is providing the world's most powerful fiber-optic network with capacity of 40 gigabits per second ? capable of transferring the entire contents of the public Internet within two hours ? for the National Science Foundation Distributed Terascale Facility program. The Qwest-built network will allow some of the world's most prestigious researchers to share information and try to solve complex scientific problems such as life-threatening illnesses and global warming.
Qwest currently is executing on a wide variety of communications services contracts with state and local governments as well as colleges and universities across the United States. For example, Qwest was selected to enable high-speed access to Arizona?s 228 public school districts; build a digital voice, video and data network to provide high-speed links to state offices and schools in all 64 Colorado counties; and supply high-speed Internet access to public schools throughout South Dakota and New Mexico. Qwest also is providing a variety of statewide network services in Kentucky, Ohio, Pennsylvania and Tennessee.
Qwest Communications International Inc. (NYSE: Q) is a leader in reliable, scalable and secure broadband data, voice and image communications for businesses and consumers. The Qwest Macro Capacity® Fiber Network, designed with the newest optical networking equipment for speed and efficiency, spans more than 113,000 miles globally. For more information, please visit the Qwest Web site at www.qwest.com.
This release may contain projections and other 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 Securities and Exchange Commission, 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, volatility of Qwest?s stock price, intense competition in the communications services market, changes in demand for Qwest?s products and services, dependence on new product development and acceleration of the deployment of advanced new services, such as broadband data, wireless and video services, which could require substantial expenditure of financial and other resources in excess of contemplated levels, higher than anticipated employee levels, capital expenditures and operating expenses, rapid and significant changes in technology and markets, adverse changes in the regulatory or legislative environment affecting Qwest?s business, delays in Qwest?s ability to provide interLATA services within its 14-state local service territory, failure to maintain rights of way, and failure to achieve the projected synergies and financial results expected to result from the acquisition of U S WEST timely or at all and difficulties in combining the operations of Qwest and U S WEST. This release may include analysts? estimates and other information prepared by third parties for which Qwest assumes no responsibility. 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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