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 : Qwest Communications (Q) (formerly QWST) -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Miller who wrote (1121)	4/13/1998 9:26:00 AM
From: Nick	Read Replies (2) \| Respond to of 6846

Qwest Activates First Coast-to-Coast Native IP Fiber Network 125-city Network On-Budget and On-Schedule to Deliver State-of-the-Art Native IP Communications Services DENVER--(BUSINESS WIRE)--April 13, 1998-- Qwest, a multimedia communications company delivering native IP services, today announced the activation of the entire transcontinental portion of the Qwest Macro Capacity(SM) Fiber Network from Los Angeles to San Francisco to New York. Qwest becomes the first network service provider to complete a transcontinental native IP network. With this lighting of an additional 650 miles, Qwest now has more than 5,400 route miles and 259,000 fiber miles of its ultra high-capacity native IP fiber network in service. Qwest's leading-edge IP offerings, such as phone-to-phone voice over IP service, are currently being offered in western U.S. cities and will soon be deployed in additional cities nationwide. ''Qwest is pleased to be the first company in over a decade to upgrade the country's communications infrastructure by activating the first coast-to-coast native IP network. Now, corporate America has the opportunity to choose leading-edge data and IP-based services that have been created by fiber-based technology,'' said Joseph P. Nacchio, president and CEO at Qwest. ''The majority of our planned network will be operational by the end of the year, and no other company will be capable of providing this level of native IP capacity nationwide and internationally in 1998.'' Qwest's planned 16,285 route mile U.S. network is connected to a significant amount of capacity on three major transatlantic cable systems - Teleglobe's transatlantic submarine cable system, Cable & Wireless's Gemini system, and Global Crossing's ''Atlantic Crossing'' (AC-1) system recently secured by Qwest. Qwest also has the ability to deliver native IP services to the European market through its recently announced acquisition of EUnet International, a leading European Internet service provider (ISP). Today, Qwest has the ability to send multimedia communications and deliver leading-edge IP services, such as high speed Internet access and voice over IP, from Los Angeles to the Czech Republic and beyond. The Qwest Macro Capacity Fiber Network Qwest's planned domestic 16,285 mile native IP 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, more than 5,400 miles are activated from California to New York, from Dallas to Houston and from Phoenix to Austin, Texas. 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 native IP 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 - news) is a multimedia communications company building a high-capacity, native IP 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. 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.