DENVER, September 4, 2001 ? Qwest Communications International Inc. (NYSE: Q), the broadband communications company, announced today that it has signed a three-year, $108 million agreement to provide voice communications services to interXchange Limited (New York Telecommunications Exchange), a provider of communications offerings.
InterXchange (www.telecomexchange.com), which has seen triple-digit, year-over-year growth, has been a customer of Qwest since 1998. In the past 12 months, interXchange has grown its voice delivery by hundreds of millions of minutes. This agreement will support interXchange?s expansion into the global business and consumer communications marketplace.
?Recently, there has been a lot of focus on the dramatic increase in Internet traffic. However, we continue to witness significant growth in the voice communications market,? said Courtney Quinn of the Yankee Group. ?Email certainly has become an increasingly popular form of communication, but you can't discount the value of a telephone conversation."
?Companies like interXchange demonstrate the continued importance of voice traffic in the communications marketplace,? said Greg Casey, executive vice president of worldwide wholesale markets at Qwest. ?This contract is an important example of how Qwest?s iron-clad network and comprehensive service offerings appeal to our expansive customer base.?
?We look to Qwest to provide rapid and transparent implementation of mass quantities of capacity; which are mission critical to our backbone so that interXchange?s customers experience seamless, reliable and cost effective service,? said James D. Forero, president of interXchange Limited. ?We have been with Qwest since interXchange was a vision, a business plan and a strategy defying the classical model, and today our company represents a viable, profitable, debt-free business.?
The foundation for Qwest?s wholesale service offerings is its 113,000-mile Macro Capacity® Fiber Network, which circumnavigates the globe and provides a platform for a wide spectrum of services. Competitive local exchange carriers, enhanced service providers, interexchange carriers, Internet service providers and applications service providers, payphone providers, and wireless carriers use Qwest?s wholesale communications services.
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.
The Qwest logo is a registered trademark of, and CyberCenter is a service mark of, Qwest Communications International Inc. in the U.S. and certain other countries.