DENVER, March 10, 1999 ? Qwest Communications International Inc. today announced a $10 million, three-year contract with Road Runner ? the joint venture between MediaOne, Time Warner, Microsoft, Compaq and Advance/Newhouse that provides high-speed data services over cable modem technology.
Road Runner, the largest high-speed online service in the U.S., will have access to the Qwest nationwide fiber optic backbone. In addition, Qwest is providing Road Runner with a unique and flexible pricing arrangement that allows Road Runner to pay for bandwidth at speeds of up to OC-48 (optical carrier, 2.4 gigabits per second) and deploy it where and when needed. Road Runner will use the bandwidth for its service offering, which provides consumers and small businesses with broadband data services by interconnecting with the Qwest network and delivering content and applications via cable modems.
"Like Qwest, Road Runner is experiencing an enormous amount of growth, and as its customer base continues to rapidly expand, it must have the necessary bandwidth for advanced data and Internet applications," said Shaun Gilmore, Qwest?s senior vice president of national accounts. "Qwest will not only provide Road Runner with the most reliable high-speed broadband networking services, but we can do so in a creative and flexible manner that meets the specific needs of our customer."
"Road Runner brings together the best in infrastructure and content to ensure a great online experience for consumers and businesses," said Stephen Van Beaver, senior vice president of operations for Road Runner. "Qwest is our backbone service provider of choice because the high-speed, technologically advanced nature of the Qwest network, combined with our cable modem technology, provide our customers with one of the fastest, most reliable end-to-end connections available to residential and small business customers today."
About Road Runner
Road Runner has in excess of 180,000 customers within the communities that it serves within the U.S. It is a joint venture among affiliates of Time Warner Inc., MediaOne Group, Microsoft Corp., Compaq Corp., and Advance/ Newhouse. It combines the resources and strategic talent of the five partners who are world leaders in media, broadband communications, computer software and hardware, and publishing. The Road Runner character is a trademark and copyright of Warner Bros., a division of Time Warner Entertainment Company, L.P. (www.rr.com)
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 8,000 employees and 80 sales offices in North America, Europe and Mexico. The Qwest Macro Capacity (SM) Fiber Network, designed with the newest optical networking, will span more than 18,500 route miles in the United States when it is completed by mid-1999, and the additional 315-mile network route recently announced will be complete by the end of the year. In addition, Qwest and KPN, the Dutch telecommunications company, are forming a venture to build and operate a high-capacity European fiber optic, Internet Protocol-based network that has 2,100 miles and will span 9,100 miles when it is completed in 2001. Qwest also has nearly completed a 1,400-mile network in Mexico. For more information, please visit the Qwest web site at www.qwest.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 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 satisfactory negotiation and execution of definitive documentation. 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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