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: dwight martin who wrote (3267)	3/31/1999 8:07:00 AM
From: Nick	Read Replies (1) \| Respond to of 6846

Qwest Awarded Additional $15 Million Contract From Star Telecommunications Expanded Agreement Provides STAR with Added Capacity and Qwest with International Long Distance Services DENVER--(BUSINESS WIRE)--March 31, 1999-- Qwest Communications International Inc. today announced that it has received an additional $15 million commitment for high-speed, broadband capacity from STAR Telecommunications. The agreement builds upon the companies' original 20-year, $70 million contract and extends the term of STAR's commitment to $85 million. Additionally, Qwest will purchase international long distance services from STAR. ''Qwest has proven to the marketplace that it is a leader in providing quality fiber backbone services to the carrier marketplace,'' said Chris Edgecomb, chairman of the board and CEO of STAR. ''As our company has emerged to become the seventh largest long distance carrier in the United States, we have a growing need to strengthen our national backbone to accommodate the growth of our commercial business and consumer customer growth. Qwest's fiber services fulfill this vital need for STAR.'' ''Based on the success of Qwest's existing relationship with STAR, we are happy to significantly increase the level of our agreement for STAR's international services,'' said Gregory M. Casey, Qwest's senior vice president of wholesale markets. ''We are confident that STAR will help us meet our growing customer demands in the near term and over the next few years.'' About STAR Telecommunications STAR Telecommunications is a leading provider of global telecommunications services to consumers, long distance carriers, multinational corporations and Internet service providers worldwide. STAR provides international and national long distance services, international private line, Internet services, prepaid calling cards, dial around services and international toll free services. The STAR Telecom global network connects over 51 countries worldwide and includes 17 global switching facilities, ownership in 17 transoceanic cable systems and a North American Fiber network connecting 30 cities. Visit STAR Telecom