DENVER - February 18, 1998 (Nasdaq: QWST ) - Qwest, a multimedia communications company building the world's most advanced fiber optic network, today announced it has signed a $70 Million contract to sell capacity on its Macro Capacity(SM) fiber network to Intertel of New Brunswick, New Jersey. The deal includes the sale of multiple DS-3s across the U.S. and to London.
"We are pleased Intertel has become QwestLinked? and has joined our growing list of wholesale, capacity customers," said Joseph P. Nacchio, president and CEO of Qwest. "The rapid growth in demand for high-capacity bandwidth has brought emerging players, such as Intertel, to Qwest. Our Macro Capacity fiber network is uniquely suited to meet the market's demand for bandwidth."
"Qwest has clearly established itself as the service quality leader of the industry. Intertel has chosen to lease capacity on the Qwest network because of Qwest's low-cost position and superior technical design," said Roger Sedlak, CEO of Intertel.
QwestLinked Program To qualify to become QwestLinked, corporations, carriers and technology vendors participating in the QwestLinked co-marketing program must meet rigorous standards and criteria in areas such as customer support, performance, market reputation and financial standing.
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, more than 3,600 miles are activated from Los Angeles to Columbus, Ohio; 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 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.
Intertel Corporation is a carriers'carrier providing dedicated bandwidth to both voice and data customers. The Intertel network now spans into Europe (Russia, Germany, Switzerland and United Kingdom) and into the Pacific Rim, including Japan, Hong Kong, Guam, Australia and Indonesia. Further information is available at www.intertelusa.com
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 on Form 10-Q, 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, volatility of stock price, financial risk management and future growth subject to risks.
The Qwest logo is a registered trademark of Qwest Communications International Inc. in the U.S. and certain other countries.
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