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Technology Stocks : America On-Line (AOL)

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To: Annette who wrote (3481)	1/27/1999 8:09:00 AM
From: John Carragher	Read Replies (3) of 41369

Qwest Commun Gets $13M IP Backbone Pact From America Online Dow Jones Newswires DENVER -- Qwest Communications International Inc. (QWST) received a $13 million, multiyear contract to be a national Internet Protocol backbone provider for America Online Inc. (AOL). In a press release Wednesday, Qwest said it will provide America Online with high-speed Internet Protocol connectivity, private line and collocation services, supplying additional bandwidth to the online service. The company said America Online will deploy multiple high-speed connections from Qwest, ranging from Optical Carrier 3 to Optical Carrier 48, in cities throughout the U.S. Qwest said the agreement also allows America Online to collocate equipment in Qwest facilities, including some of its ten CyberCenters. The multimedia communication company reported a loss of $883.1 million, or $3.93 a diluted share, on revenue of $570.8 million for the six months ended June 30, 1998. Results includes merger-related charges of $880.5 million.

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