DENVER - January 12, 1998 (Nasdaq: QWST) Qwest today announced it has extended its network to London to carry international data and voice traffic. The network extension was obtained through the exchange of like kind assets with Teleglobe Inc. including two 155 megabit circuits crossing the Atlantic Ocean from New York City to London. Qwest also has an option on two additional 155 megabit lines. The transatlantic assets give Qwest up to 600 megabits of bandwidth to support its growth into the European market. Qwest's European services will be deployed through its international London office at One Exchange Tower.
"In order for corporations to be successful today, international markets must be embraced and leveraged for a competitive advantage," said Joseph P. Nacchio, president and CEO of Qwest. "This asset exchange with Teleglobe allows Qwest to extend its network to Europe and preserve its low cost operating position. We now can offer our U.S. customers additional international services, as well as create a significant gateway for European carriers and corporations to complete traffic to the United States and Mexico on the Qwest network."
"As Teleglobe continues to pursue its aggressive global expansion strategy, the company will use the capacity acquired from Qwest's state-of-the-art network to expand its reach in the North American market," said Paolo Guidi, President and CEO for Teleglobe Global Telecom Services. "This wholly owned capacity allows us to offer our carrier, business and Internet customers the latest in a high quality, low cost transmission backbone network across North America."
The fiber cables extending to Great Britain will complement this state-of-the-art architecture and allow Qwest to offer competitive, leading edge communications services on an international basis.
The Qwest Macro CapacitySM Network Qwest's planned domestic 16,000 mile network will serve over 125 cities, which represent approximately 80 percent of the data and voice traffic originating in the United States, upon its scheduled completion in the second quarter of 1999. Currently, 3,500 miles are activated from Los Angeles to Cincinnati; and from Dallas to Houston. Qwest is also extending its network 1,400 miles into Mexico with completion slated for late third quarter 1998.
The Qwest Macro Capacity Fiber network is designed with a highly reliable and secure bi-directional, line switching OC-192 SONET ring architecture. Upon completion, the network will offer a self-healing system that provides the ultimate security and reliability by allowing instantaneous rerouting in the event of a fiber cut.
About Teleglobe, Inc. Teleglobe Global Telecom Service Group is the global carrier unit of Teleglobe Inc. It includes Teleglobe Canada, Teleglobe International Corp. and its subsidiaries including Teleglobe USA. Teleglobe owns and operates a network of satellites and submarine cables linking North America with over 240 countries and territories, meeting the global connectivity needs of established and emerging carriers from around the world, as well as those of Internet Service Providers, multinational corporations and broadcasters. Teleglobe Inc. is listed on the New York Stock Exchange (NYSE), the Montreal Exchange, the Toronto Stock Exchange and the Vancouver Stock Exchange under the symbol "TGO."
About Qwest Qwest Communications International, Inc. (Nasdaq: QWST
), is a multimedia communications company building a high-capacity, fiber optic network for the 21st century. With its cutting-edge technology, Qwest will deliver high-quality data, video and voice connectivity securely and reliably to businesses, consumers and other communications service providers.
|Qwest Media Contact