[IXC and Time Warner Telecom Form Partnership For Nationwide Business Long Distance Services]
(QWST might have lost out on this one, perhaps another reason the stock dipped today. -- mark)
AUSTIN, Texas--(BUSINESS WIRE)--July 22, 1998--IXC Communications Inc. (NASDAQ:IIXC) and Time Warner Telecom today announced a two-year agreement enabling the Time Warner competitive local exchange carrier (CLEC) to offer long distance services to its business customers nationwide.
Under terms of the agreement, IXC will provide a wide variety of telecommunications services including domestic and international long distance, 800, operator assisted, directory assistance, and calling card services. Unlike other service providers competing for the contract, IXC was also able to offer end-user billing, back office support and customer services. The IXC package will allow Time Warner Telecom to supply branded long distance services to its local dial tone customers.
"The partnership with Time Warner Telecom marks a significant penetration into an important emerging market," said Ben Scott, IXC's chairman and CEO. "We're proud to provide Time Warner Telecom with not only long distance services, but also with a unique back office support and retail billing system to help them meet the growing demands of their nationwide business customers."
IXC's network will play a central role in Time Warner Telecom's nationwide activation plan that will connect several major U.S. cities over the next 60 days including Albany, Austin, Binghamton, Charlotte, Cincinnati, Columbus, Greensboro, Houston, Indianapolis, New York, Memphis, Milwaukee, Orlando, Raleigh, Rochester, San Antonio, San Diego and Tampa.
"IXC provides us with the capacity we require and the value-added services our customers expect," said Larissa Herda, president and CEO of Time Warner Telecom. "Our aggressive nationwide activation plan is moving forward rapidly and IXC will help us achieve our business objectives."
IXC's complete network offerings to its customers include state-of-the-art fiber optic and optronic technologies for access to private line, switched, broadband and Internet services. For example, non-zero dispersion shifted fiber maximizes bandwidth and supports the most advanced multiplexing technologies, while ATM and Frame Relay techniques address the growing demand for advanced data services.
IXC's network-based delivery solutions are designed to address the increasing speed and capacity requirements of the global communications market. Having recently completed the U.S.'s first new coast-to-coast fiber optic network in a decade, IXC Communications Inc. is at the forefront of the industry's new class of emerging carriers. The company's offerings include private line, broadband, Internet and long distance switched and dedicated services. IXC is a publicly traded company listed on Nasdaq under the symbol IIXC. IXC's Web site is located at ixc-comm.com.
Time Warner Telecom is a fiber facilities-based CLEC that offers a wide range of business telephone services in 19 U.S. cities. Dedicated transport, switched services, long distance and data communications are a few of the products and services Time Warner Telecom offers to medium and large business customers. Time Warner Telecom's website is twtelecom.com. For more information call 1-800-565-TWTC. |
