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

To: Doug who wrote (2913)	2/11/1999 8:24:00 AM
From: Nick	Respond to of 6846

KPNQwest Awarded $50 Million Contract from DANTE for High-Speed Capacity on Pan-European Network DENVER--(BUSINESS WIRE)--11 February, 1999--Qwest Communications International Inc. of Denver, Colo. and KPN, the Dutch telecommunications company, today announced that KPNQwest, their planned European joint venture, has been awarded its first major contract from DANTE - the non-profit company that plans, builds and manages advanced network services for the European research community. Under the terms of the $50 million, three-year agreement, KPNQwest will provide DANTE with advanced fiber optic connectivity between 9 locations connected to the first two EuroRings(tm) and ATM capacity to all 16 countries served by the DANTE Network across Europe. ''KPNQwest is honored to be selected by DANTE, the Network Service Provider for the European research community,'' said Jack McMaster, acting-CEO of KPNQwest. ''To achieve its goals of providing the European academic community with advanced, interoperable and scalable research and development network facilities, DANTE requires the most advanced, high capacity network available. KPNQwest is in an excellent position to deliver this to DANTE.'' KPNQwest is offering managed broadband services to large and multinational customers, as well as IP-based services designed for small to large-sized businesses. In the first half of 1999, KPNQwest will also offer the retail market data and voice services based on IP technology, high-speed Internet access, intranets, extranets, web hosting, and IP-based VPNs (Virtual Private Networks). In addition, ATM (Asynchronous Transfer Mode) and a number of IP transit services for the wholesale market will also become available this year. KPNQwest's pan-European high-capacity fiber optic network consists of bi-directional self-healing ''EuroRings'' for uninterrupted service. The partners in the joint venture recently announced the completion of the first EuroRing, linking Antwerp, Brussels, Dusseldorf, Frankfurt, Paris, Rotterdam and Strasbourg. By the year 2000, KPNQwest plans to construct five additional rings connecting up to 40 major western, central and eastern European cities. Through KPNQwest's high bandwidth transatlantic connections, the EuroRing network can seamlessly be linked to Qwest's technologically advanced 18,500-mile North American fiber optic network for the delivery of advanced IP-based data, video and voice services on a global scale. Designed to transmit capacity at up to two terabits per second, the KPNQwest network can carry more information faster than any other communications network in Europe. More information about the planned KPNQwest joint venture can be found at jv.eu.net

To: Doug who wrote (2913)	2/11/1999 8:38:00 AM
From: Scotsman	Read Replies (1) \| Respond to of 6846

I don't know, I never projected it out. I figure it will go where it will go. With this one getting contract after contract, it could potentially go astronomical. But I am somewhat concerned about the short term in the sense that I don't want it to be lumped into the EBay and Amazon universe of nothing but hype .com companies. Qwest is real, and it has barriers to competition as no one is going to just start up a fiber optic network out of their garage. The same cannot be said for the .com companies.