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

To: MangoBoy who wrote (1232)	5/9/1998 9:31:00 AM
From: Phil Jacobson	Read Replies (1) \| Respond to of 6846

[LCI to pay ACN $75-$90 mln if Qwest deal closes] Seems like a LOT of money when it was so obvious LCI was going to be bought by somebody. That's why I bought their stock last year. Guess it was obvious to everyone except LCI! What a great deal for ACN - whoever put this clause in the contract was a genius.

To: MangoBoy who wrote (1232)	5/12/1998 10:02:00 AM
From: MangoBoy	Respond to of 6846

[Qwest Signs Dark Fiber Agreement With ALLTEL; Adds New Route to Nationwide Network] DENVER--(BUSINESS WIRE)--May 12, 1998--Qwest today announced an agreement worth potentially more than $50 million to Qwest under which it will provide dark fiber to ALLTEL along segments of the Qwest nationwide fiber optic network. Under the terms of the agreement, Qwest will provide ALLTEL with dark fiber on the Qwest network in the Eastern United States, and will construct a new 271-mile segment to serve Huntsville, Alabama and Memphis, Tennessee. "We are pleased ALLTEL is taking advantage of the superior construction of the Qwest network by choosing to buy their fiber lines from us," said Joseph P. Nacchio, president and CEO at Qwest. "Dark fiber sales benefit Qwest by generating revenue that allows us to continue our rapid growth and network expansion, and benefit customers such as ALLTEL by providing them with highly reliable and cost effective fiber lines." "This agreement with Qwest represents an important step toward the development of ALLTEL's extensive fiber network," said ALLTEL President Scott Ford. "The fiber lines we are acquiring will enable ALLTEL to originate and terminate a full menu of voice and data traffic for ALLTEL and its customers. They will also allow us to transport long-distance traffic to most major cities in the southeast, along the eastern seaboard and to the Great Lakes region." The Qwest Macro Capacity Fiber Network Including the San Antonio to Laredo route, Qwest's planned domestic 16,729 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, 5,400 miles are activated from Los Angeles to San Francisco to New York, from Dallas to Houston and from Phoenix to Austin. 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 ALLTEL ALLTEL (NYSE:AT) provides wireless, wireline, long-distance and Internet services to three million customers in 14 states, and information services to financial and communications companies in 47 countries. ALLTEL is a customer-focused, information technology company that provides wireline and wireless communications and information services. For more information on ALLTEL, visit the website at alltel.com.