Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ciena (CIEN) -- Ignore unavailable to you. Want to Upgrade?

To: gdichaz who wrote (1847)	4/1/1998 8:03:00 AM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 12623

Qwest and Verio Inc. Sign $100 Million Capacity Agreement Business Wire - April 01, 1998 07:46 %QWEST QWST %COLORADO %COMPUTERS %ELECTRONICS %COMED %TELECOMMUNICATIONS %INTERACTIVE %MULTIMEDIA %INTERNET V%BW P%BW DENVER--(BUSINESS WIRE)--April 1, 1998--Qwest, a multimedia communications company building the world's most advanced fiber optic network, and Verio Inc., one of the nation's largest full-service Internet companies for businesses and institutions, today announced a seven-year, $100 million contract by which Verio will have access to capacity on Qwest's domestic 16,285-mile Macro Capacity(SM) Fiber Network. "We are pleased to provide Verio with capacity on Qwest's state-of-the-art fiber network," said Joseph P. Nacchio, president and CEO at Qwest. "Verio has grown quickly to a prominent position in the Internet industry because of its success in combining local, hands-on service with a national, high-speed network that can support the increasingly sophisticated needs of its business customers." "Our seven-year agreement with Qwest underscores Verio's ongoing effort to provide a high-speed, highly reliable network for our business and institutional customers around the country," said Verio chief executive officer Justin Jaschke. "Qwest's high-capacity nationwide network will provide Verio with a strong facilities base to support our continued rapid growth and to develop a wide range of enhanced Internet products and services to meet our customers' expanding telecommunications requirements." The Qwest Macro Capacity Fiber Network Qwest's planned domestic 16,285 mile network will serve over 125 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. Currently, 3,750 miles are activated from Los Angeles to Cleveland; and from Dallas to Houston. Qwest is also extending its network 1,400 miles into Mexico with completion slated for late third quarter 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. About Qwest Qwest Communications International Inc. (NASDAQ:QWST) is a multimedia communications company building a high-capacity, fiber optic network for the 21st century. With its cutting-edge technology, Qwest will deliver high-quality data, video and voice connectivity securely and reliably to businesses, consumers and other communications service providers. Further information is available at www.qwest.net. About Verio Inc. Founded in 1996, Verio Inc. is a leading, full service, national provider of Internet connectivity and enhanced Internet services with an emphasis on small and mid-sized businesses and institutions. The company has rapidly established its national presence through acquisition, integration and growth of local and regional Internet providers that together currently serve 33 of the top 50 U.S. markets. For more information on Verio, visit the company's Web site at www.verio.net or call 888/GET-VERIO. This release may contain forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results. Readers are referred to the documents filed by Qwest with the SEC, specifically the most recent reports on Form 10-Q, which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements, including potential fluctuations in quarterly results, dependence on new product development, rapid technological and market change, failure to complete the network on schedule, volatility of stock price, financial risk management and future growth subject to risks. The Qwest logo is a registered trademark of Qwest Communications International Inc. in the U.S. and certain other countries CONTACT: Qwest Corporate Contact Qwest Communications Diane Reberger, 303/291-1662 dreberge@qwest.net qwest.net or Qwest Investor Contact Qwest Communications Lee Wolfe, 800/567-7296 lwolfe@qwest.net qwest.net or Qwest Media Contact Alexander Communications Erin McKelvey, 303/615-5070 alexander-pr.com emckelvey@alexander-pr.com or Verio Inc. Corporate and Media Contact: Clarus Public Relations Steven Silvers, 303/296-0343 ssilvers@claruspr.com or Verio Inc. Investor Contact: Verio Inc. Whitney Fogt, 303/645-1900 wfogt@verio.net www.verio.net