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Technology Stocks : Qwest Communications (Q) (formerly QWST)
Q 79.24+1.6%3:59 PM EST
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To: SJS who wrote (1056)4/1/1998 9:28:00 AM
From: MangoBoy   of 6846
 
[Qwest and Verio Inc. Sign $100 Million Capacity Agreement]

DENVER--(BUSINESS WIRE)--April 1, 1998--Qwest, a multimedia communications company building the world's most advanced fiber optic network, and Verio Inc., one of the nation's largest full-service Internet companies for businesses and institutions, today announced a seven-year, $100 million contract by which Verio will have access to capacity on Qwest's domestic 16,285-mile Macro Capacity(SM) Fiber Network.

"We are pleased to provide Verio with capacity on Qwest's state-of-the-art fiber network," said Joseph P. Nacchio, president and CEO at Qwest. "Verio has grown quickly to a prominent position in the Internet industry because of its success in combining local, hands-on service with a national, high-speed network that can support the increasingly sophisticated needs of its business customers."

"Our seven-year agreement with Qwest underscores Verio's ongoing effort to provide a high-speed, highly reliable network for our business and institutional customers around the country," said Verio chief executive officer Justin Jaschke. "Qwest's high-capacity nationwide network will provide Verio with a strong facilities base to support our continued rapid growth and to develop a wide range of enhanced Internet products and services to meet our customers' expanding telecommunications requirements."
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