Denver, August 2, 1999 ? Qwest Communications International Inc. (Nasdaq: QWST), the broadband Internet communications company, today announced it has been awarded a $36 million, multi-year contract from PNG Telecommunications, an established provider of telecommunications products and services. Under the agreement, Qwest will provide PNG, which is now doing business as PowerNet Global Communications, with a suite of communications solutions including frame relay, high-speed private line and domestic and international long distance services.
PNG joins the company's growing roster of wholesale customers that are using the Qwest network to provide its subscribers a variety of domestic and international services. PNG's services are marketed on a nationwide basis to businesses and consumers through a network of independent representatives.
"Qwest has one of the most comprehensive wholesale service portfolios available today and as a result it continues to secure business with other established companies such as PNG," said Greg Casey, Qwest's senior vice president of wholesale markets. "PNG gains access to one of the industry's most scalable and reliable communications networks and the ability to offer traditional and next-generation services to customers."
"By working with Qwest, we can expand our reach to become even more competitive in the marketplace," said Bernie Stevens, PNG's CEO. "With access to Qwest's full array of communications solutions our growing agent base will be able to provide customers top quality services at very competitive prices."
About Power Net Global Communications
Established in 1992, PNG Telecommunications, doing business as PowerNet Global Communications, is based in Cincinnati, OH. PNG offers a wide range of communications products and services including domestic and international long distance with enhanced services, Internet access, and integrated voice and data services for business and residential customers. For more information please contact Todd Pfister at email@example.com.
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 route miles in the United States, with an additional 315-mile network route 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.
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