DENVER ? October 7, 1998 ? Qwest Communications (NASDAQ:QWST) today announced it will provide Globix Corporation (NASDAQ: GBIX), one of the world?s fastest growing Internet Service Providers, with broadband capacity on the nationwide Qwest Macro CapacitySM Fiber Network. The multi-year agreement, with expected expansions and upgrades, is worth approximately $35 million. Initially, Globix will receive a long-term right to use OC-3 (155 mbps) capacity to route its Internet and data traffic much faster, while expanding its services to reach more customers in the U.S. In addition, Globix will obtain transatlantic capacity connecting New York to London.
"As New York City?s largest ISP and one of the fastest growing ISPs in the country, Globix handles a tremendous amount of bandwidth-intensive data traffic, such as streaming audio and video and e-commerce solutions. The Qwest Macro Capacity Fiber Network is ideal for traffic, such as Globix?s, because of the virtually unlimited bandwidth and superior service level agreements that ensure the delivery of mission-critical applications," said Gregory M. Casey, Qwest?s senior vice president of broadband capacity.
Marc H. Bell, Globix President and CEO said, "As Globix becomes truly global and seeks to provide the level of service our customers demand, and have come to expect, we felt Qwest was the logical and best choice to provide our network backbone. We look forward to working with Qwest for years to come."
The Qwest Macro Capacity Fiber Network
Qwest?s planned domestic 18,449-mile network will serve over 130 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. To date, approximately 8,850 miles of the Qwest Macro Capacity Fiber Network are activated, and construction has commenced on 17,773 miles. Qwest?s transcontinental segment extends from Los Angeles to Sacramento and across to New York. Additionally, Qwest owns transatlantic submarine capacity linking the United States to Europe and will jointly own a transpacific submarine cable system connecting the U.S. to the Pacific Rim. Qwest is also extending its network 1,400 miles into Mexico with completion slated for late 1998.
The Qwest Macro Capacity Fiber network is designed with 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.
Globix Corporation, (NASDAQ: GBIX) one of the world?s fastest growing Internet Service Providers, is a leading pioneer of Internet-based solutions for mission-critical applications. Glsingle source for a full range of Internet-based products and services including Dedicated Access, Web Hosting, Co-location and more. For more information on Globix, please visit www.globix.com.
Qwest Communications International Inc. (NASDAQ: QWST) is a multimedia communications company and one of the fastest growing companies in America today. Headquartered in Denver, Colorado, Qwest has approximately 6,000 employees and over 80 sales offices worldwide. With its world-class data and multimedia network, marketing expertise, and customer care and billing systems, Qwest is delivering high-quality data, video and voice connectivity securely and reliably to customers around the world. Further information is available at www.qwest.net.
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.
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