Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 166.05

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To: limtex who wrote (31410)	6/1/1999 9:22:00 AM
From: Boplicity	Read Replies (2) of 152472

biz.yahoo.com Tuesday June 1, 8:50 am Eastern Time Company Press Release Qwest Communications and Investor Group Commit $251 Million To Advanced Radio Telecom To Expand Its High-Speed Local Wireless Network Qwest To Acquire 19 Percent Interest in ART and Take Next Step In Local Broadband Access Plans; Investment Accelerates ART's Broadband IP Network Deployment DENVER--(BUSINESS WIRE)--June 1, 1999-- Qwest Communications International Inc. (Nasdaq:QWST - news), the Internet communications company, Advanced Radio Telecom (ART) Corp. (Nasdaq: ARTT - news) and a group of high-tech investment funds today announced that they have signed a definitive agreement for a $251 million equity investment that will expedite the deployment of ART's high-speed wireless network. For Qwest, the announcement illustrates the company's aggressive, evolving plans to grow its local broadband connectivity options and deliver end-to-end, next-generation communications services to customers.

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