Denver, September 13, 1999 - Qwest Communications International Inc. (Nasdaq: QWST), the broadband Internet communications company, announced that it has completed construction of 18,500 miles of its Internet-based U.S. network and people and resources are being shifted to accelerate building 25 local broadband networks.
Qwest will herald the significance of building the new network in a new branding campaign on television and in magazines starting Wednesday. The advertising will communicate that Qwest has completed construction of the first high-speed, high-capacity network built for broadband Internet-based communications. The TV ads will run on major news, sports and entertainment cable networks, and the print ad will appear in business and information technology publications.
The Qwest network has 888,000 fiber miles across the U.S. Construction was completed on time and under budget. The state of the art network connects 150 cities nationwide and connects globally to Europe and the Asia Pacific region. Building an Internet network requires time and people---2,300 Qwest people working 16 million hours built the network since 1995.
"We focused on speed in completing our new network to be the first company to deliver the promise of the Internet," said Joseph P. Nacchio, Qwest chairman and CEO. "Now we intend to deliver low-cost Internet and e-commerce services to businesses at a local level."
To provide local broadband access to Qwest's nationwide network, the company will build high-speed local fiber networks in 25 major metropolitan areas. With the local networks in place, Qwest's will increase its total U.S. fiber miles by more than 20 percent to more than 1.1 million fiber miles. Construction in seven cities is expected to be complete next year. The remaining cities will be built and operational by the end of 2001.
Local networks will enable Qwest to connect hundreds of businesses of all sizes to the Qwest long distance backbone network for a wide variety of services including data, image and voice communications. The 25 cities include: Albany, Austin, Baltimore, Boston, Chicago, Cleveland, Dallas, Detroit, Houston, Indianapolis, Kansas City, Los Angeles, New York, Newark, Orange County, Philadelphia, Pittsburgh, Sacramento, San Antonio, San Diego, San Francisco, San Jose, St. Louis, Washington D.C. and White Plains.
Qwest is also expanding its network construction initiatives globally. Qwest is building a pan-European IP network with KPN, the Dutch telecommunications company, that currently covers 2,100 miles and will span 8,100 miles when it is completed by 2002. In addition, Qwest also has nearly completed a 1,400-mile network in Mexico and owns capacity in high-speed fiber optic cables that stretch across the Atlantic and Pacific oceans.
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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