Thought I'd help you out Mark. :>)
biz.yahoo.com
Qwest Secures $85 Million in Broadband Sales
DENVER--(BUSINESS WIRE)--July 21, 1998--Qwest today announced is has signed two broadband capacity
agreements totaling approximately $85 million.
Under the terms of the separate agreements, Qwest will provide Digital Broadcast Network Corporation (DBN) -- a new
multimedia communications company -- and FaciliCom International (FCI) -- a fast growing global communications
provider -- broadband capacity on the Qwest nationwide Macro Capacity(SM) Fiber Network.
''The superior technology and capabilities of the Qwest Macro Capacity Fiber Network continue to attract top-notch
carriers, such as DBN and FaciliCom,'' said Gregory M. Casey, senior vice president of broadband capacity for Qwest.
''Qwest is pleased to provide the capacity to DBN as it implements its nationwide multimedia strategy, and to FaciliCom
to meet its international and domestic capacity needs.''
''We are pleased and excited to work with Qwest in the development of what promises to be one of the most robust,
fully-featured networks in the country,'' said Mark Ivie, DBN's senior vice president of voice services. ''When we
evaluated our options, we came to the conclusion that Qwest's fiber optic SONET backbone offers DBN the greatest
market reach and the most reliability for our network services. Qwest provides DBN with a strategic element of security --
a self-healing fiber optic backbone capable of instantaneous rerouting in the event of a fiber cut.''
''Our agreement with Qwest signals the emergence of FCI as a powerhouse in the new global telecommunications
environment,'' said Walt Burmeister, president of FaciliCom International. ''FCI, with the addition of Qwest's domestic
fiber capacity, offers carriers a truly global service with complete end-to-end transmission connectivity comparable to any
other network system in the world.''
The Qwest Macro Capacity Fiber Network
Qwest's planned domestic 18,449 mile network will serve over 130 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.
To date, more than 8,800 miles of the Qwest Macro Capacity Fiber Network are activated, including the transcontinental
segment that extends from Los Angeles to Sacramento and across to New York. Qwest is also extending its network
1,400 miles into Mexico with completion slated for late 1998 and has transatlantic capacity to serve Europe.
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 FCI
FaciliCom International (FCI) is a member of the Armstrong Group of Companies, which is headquartered in Butler,
Pennsylvania. Armstrong is a diversified, privately held group of companies that own and operate cable television
systems, independent telephone companies, international telecommunications companies, real estate companies, a
residential and commercial security company and various other businesses. FaciliCom is based in Washington, D.C.
About Digital Broadcast Network, Corporation
Digital Broadcast Network Corporation was founded in 1998 to provide holistic computer and communications services to
Fortune 500 companies and professional users such as software companies and last mile providers (cable, satellite, and
phone).
The DBN network allows users to share bandwidth between voice, video and data applications with quality of service
guarantees. DBN's network allows companies to stream live events such as keynote addresses, seminars, a CEO monthly
broadcast or any event requires extreme amounts of bandwidth. DBN also provides consulting, engineering, and
specialized software development services to clients.
For more information about Digital Broadcast Network and its products, please visit the DBN web site at www.dbn.net,
or send e-mail to info@dbn.net.
About Qwest
Qwest Communications International Inc. (NASDAQ:QWST - news) is a multimedia communications company and one
of the fastest growing companies in America today.
Headquartered in Denver, Colorado, Qwest has approximately 6,000 employees and over 80 sales offices worldwide.
With its world-class data and multimedia network, marketing expertise, and customer care and billing systems, Qwest is
delivering high-quality data, video and voice connectivity securely and reliably to customers around the world. 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.
Note to Editors: The Qwest logo is a registered trademark of Qwest Communications International Inc. in the U.S. and
certain other countries. |
