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Technology Stocks : RCN Corp. (RCNC) - Voice-Video-Internet

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To: toothid who wrote (68)6/3/1998 9:29:00 AM
From: MangoBoy   of 720
 
[Qwest Announces Fiber Sale to RCN Corporation]

DENVER--(BUSINESS WIRE)--June 3, 1998--Qwest today announced the signing of an agreement with Princeton, NJ-based RCN Corporation.

Under the terms of the agreement, Qwest will provide fiber lines -- the physical network asset without electronics -- to RCN along certain East Coast segments of the Qwest nationwide Macro Capacity(SM)
Fiber Network.

"RCN is an innovative company, and we are very pleased to enter into this mutually beneficial agreement," said Joseph P. Nacchio, president and CEO of Qwest. "Purchasing fiber lines from Qwest's Macro Capacity Fiber Network will give RCN unprecedented reliability, quality and speed, enabling them to deliver state-of-the-art data, cable TV and voice services to their growing customer base."
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