Qwest Communications signs multimillion-dollar agreement with JPMorgan Chase to provide network services

February 12, 2002

1 Min Read

DENVER -- Qwest Communications International Inc. (NYSE: Q), the broadband communications company, today announced that it has won a multimillion dollar, multi-year agreement with J.P. Morgan Chase & Co. (NYSE: JPM), a leading global provider of financial services. Qwest will provide JPMorgan Chase with secure, reliable voice and data services for its worldwide operations. JPMorgan Chase has assets of $694 billion and operations in 50 countries. With relationships with more than 99 percent of the Fortune 1000 companies, the firm is a leader in investment banking, asset management, private banking, private equity, custody and transaction services, and retail and middle market financial services. Qwest's network services will enable JPMorgan Chase to use data and voice communications services to streamline business operations and reduce costs associated with information technology. "Given JPMorgan Chase's worldwide presence, our network provider must have global capabilities and a high level of security and reliability," said Doug Rennie, managing director, J.P. Morgan Chase & Co. "Qwest's worldwide network and service quality were important elements in our decision to go with them." Qwest Communications International Inc.

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