HONG KONG, October 8, 2001 ? Qwest Communications International Inc. (NYSE: Q), the broadband communications company, today announced the launch of Qwest AsiaLink? services across Asia Pacific.
Qwest AsiaLink enables Qwest to provide businesses in the region with leading-edge multimedia, data and voice communications services. Initial service offerings in Asia Pacific will include asynchronous transfer mode (ATM), international private line (IPL) and dedicated Internet access (DIA) services. These services will provide multinational and regional businesses with direct connections to Qwest?s global broadband network. Qwest?s network-based Internet protocol virtual private network (IPVPN) services will be available to Asia Pacific customers during the first half of 2002 to offer companies IP connections over a secure line.
?In today?s economic climate, businesses are seeking global networking applications with increased reliability, diversity and cyber security,? said Ross Lau, president and chief executive of Qwest Asia. ?Asia is a key growth market where these requirements are in demand. Our introduction of Qwest AsiaLink is most timely as it allows us to capitalize on immediate opportunities.
?We are delighted that, during our first year of operation in Asia, Qwest has made significant progress in the deployment of broadband connectivity and capacity in the region. We now possess the capability to deliver our unique blend of communications solutions to businesses in the region. The launch of Qwest AsiaLink further secures our position as a global provider of end-to-end communications solutions.?
As part of its network expansion plan, Qwest will initially offer services across Asia with network points of presence (PoPs) in Japan, Hong Kong and Singapore - Qwest PoPs in these three locations will be fully operational by the end of fourth quarter 2001. Qwest expects to further expand its service offerings throughout the Greater China region and Korea during 2002.
The timing of Qwest?s expansion into the region is validated by a recent study conducted by The Yankee Group. ?Our research indicates that international corporate data traffic in Asia will grow by as much as 30 percent over the next year, while corporate IP traffic will grow by 40 percent or more,? said Christopher Slaughter, director of Asia Pacific research for The Yankee Group.
Qwest AsiaLink will be customized for businesses with assurance of competitive value, flexible billing options, industry-leading service level agreements, 24/7 customer care and premium access to one of the world?s largest and most secure and scalable global IP networks.
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, adverse conditions in the economy nationally and within its 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.