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Technology Stocks : Qwest Communications (Q) (formerly QWST)
Q 85.070.0%3:59 PM EST

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To: MileHigh who wrote (1496)6/15/1998 9:32:00 AM
From: MangoBoy   of 6846
 
[Qwest and CAIS Internet Sign $100 Million Broadband Agreement; CAIS to Roll-Out High-Speed OverVoice Internet Service to Hotels and Apartments Nationwide]

DENVER--(BUSINESS WIRE)--June 15, 1998--Qwest and Internet service provider, CAIS Internet -- a CGX Communications Company -- today announced a 10-year, $100 million agreement where Qwest will provide CAIS leased and routed IP bandwidth on the 18,449-mile domestic Qwest Macro Capacity(SM) Fiber Network.

This agreement expands CAIS's nationwide Internet network from five to approximately 130 cities, helping facilitate CAIS's rollout of its OverVoice technology to hotels and apartment buildings across the
nation.

"Qwest's IP-based Macro Capacity Fiber Network delivers to ISPs the quality of service, speed and reliability they demand," said Joseph P. Nacchio, president and CEO of Qwest. "We are pleased to be working with CAIS Internet in providing capacity for delivery of state-of-the-art data, multimedia and voice services to its customers."

Introduced last June, OverVoice technology is the first to adapt the Ethernet standard used for personal computer Local Area Networks (LANs). OverVoice permits existing telephone wiring to simultaneously carry voice traffic and high-speed Internet access, providing consumers with continuous, split-second access to the Internet at speeds of up to 10 megabits per second while simultaneously making and receiving calls.

In March, CAIS and CGX conducted a nationwide field trial with Microsoft and ATCOM/INFO to provide high-speed Internet access using OverVoice technology in hotels.

"We expect OverVoice deployment to grow exponentially over the next 8-12 months as a result of agreements with Microsoft, ATCOM/INFO, OnePoint Communications, and marketing and sales efforts with other organizations," said Ulysses G. Auger II, CEO of CGX Communications, CAIS Internet's parent company.
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