[Qwest Communications signs $20 million dark fiber deal with major telecom provider]
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DENVER--(BUSINESS WIRE)--July 23, 1997--Qwest Communications International Inc. (NASDAQ: QWST) today announced that a large telecommunications service provider has agreed to acquire additional dark fiber routes on Qwest's ultra-high-capacity network.
Under terms of the agreement, Qwest will sell dark fiber valued at more than $20M to this major telecommunications provider. The project will be completed early next year. The contract also provides options for Qwest to build additional routes for the service provider, which declined to be identified.
"This contract represents another step in our strategy of serving our customers and reducing our capital requirements. By putting more fibers inside our planned cables, we can provide our major customers with lower costs and, at the same time, reduce our costs to build America's highest-capacity, most reliable fiber optic network," said Joseph P. Nacchio, Qwest's president and chief executive officer.
Qwest is a facilities-based provider of communications services to interexchange carriers customers. Qwest's construction crews are building a 13,000 mile network using the latest fiber optic technologies and wave-division multiplexing techniques to achieve potential capacities that are the highest in the industry today. By using self-healing SONET rings, and by burying cable in high- strength conduit four to five feet under railroad rights-of-way, Qwest offers superior security and reliability to its customers. Further information is available on the company's Website located at qwest.net.
CONTACT: Qwest Communications, Denver
Tony Brodman, 303/291-1470
e-mail: tbrodman@qwest.net |
