Qwest Secures $85 Million in Broadband Sales
Page 1 of 1
Multimedia communications firm Qwest today announced it signed two broadband capacity agreements totaling approximately $85 million.
Under terms of the separate agreements, Qwest will provide broadband capacity to Digital Broadcast Network Corp.(DBN), a new multimedia communications company, and FaciliCom International, a global communications provider, by way of its nationwide Macro Capacity 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."
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 New York. Its planned domestic 18,449 mile network is scheduled to be completed in the second quarter of 1999, and will serve over 130 cities, representing approximately 80 percent of the data and voice traffic originating in the United States, the firm said.
Qwest (NASDAQ: QWST) was up +1 3/8 to 45 5/8 in mid-morning trading today.