Qwest Announces $79 Million Fiber Sale to Hyperion
DENVER--(BUSINESS WIRE)--Aug. 5, 1998--Qwest today announced it has signed a dark fiber contract with Hyperion Communications worth more than $79 million.
Under the terms of the agreement, Qwest will provide Hyperion with dark fiber along certain segments of Qwest's nationwide fiber optic network.
''The superior construction and advanced capabilities of Qwest's nationwide network continue to attract top communications companies, such as Hyperion, who require state-of-the-art networks to meet their enormous present and future communications needs,'' said A. Dean Wandry, senior vice president of government markets and fiber sales for Qwest.
The Qwest Macro Capacity Fiber Network
Qwest's planned domestic 18,449-mile network will serve over 130 cities, which represent approximately 80 percent of the data and voice traffic originating in the United States, upon its scheduled completion in the second quarter of 1999. To date, approximately 8,850 miles of the Qwest Macro Capacity Fiber Network are activated, including the transcontinental segment that extends from Los Angeles to Sacramento and across to New York. Additionally, Qwest owns transatlantic submarine capacity linking the United States to Europe and will jointly own a transpacific submarine cable system connecting the U.S. to the Pacific Rim. Qwest is also extending its network 1,400 miles into Mexico with completion slated for late 1998.
The Qwest Macro Capacity Fiber network is designed with a highly reliable and secure bi-directional, line switching OC-192 SONET ring architecture. Upon completion, the network will offer a self-healing system that provides the ultimate security and reliability by allowing instantaneous rerouting in the event of a fiber cut.
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