Qwest Signs

Qwest Communications International signed a five-year multimillion dollar deal with U.S. Bancorp for Qwest QWave

June 29, 2006

1 Min Read

DENVER -- Qwest Communications International, Inc. (NYSE:Q) today announced it signed a five-year multimillion dollar deal with U.S. Bancorp (NYSE:USB) for Qwest QWave. Qwest QWave is an optical wavelength private-line product that utilizes dense wave division multiplexing (DWDM) technology at speeds up to 10 gigabits per second (Gbps).

Qwest QWave can provide banks, financial institutions, government organizations and enterprise customers all across the United States with greater control, route diversity, visibility and service management of their broadband services. The service can also provide a viable alternative where dark fiber is unavailable.

"We are very pleased with the performance of our Qwest QWave high-capacity network and the service from an experienced next-generation provider like Qwest," said Senior Vice President of Network Services for U.S. Bancorp David Grabski. "The Qwest team found the right solution for our business and the product that best supports our applications and our business plan."

U.S. Bancorp is using bank-owned SONET multiplexers to create a nationwide optical backbone connecting their major communications centers. The Qwest service will connect five U.S. Bancorp locations on a secure and fast 10 Gbps optical network.

"U.S. Bancorp has been a Qwest customer for years, and we are excited to now provide next-generation technology services to more U.S. Bancorp locations throughout the United States," said Tom Richards, Qwest executive vice president of business markets group. "The Qwest services will allow U.S. Bancorp to add applications and new sites to the network as well as upgrade circuits as their business grows, and Qwest is proud to be a part of that growth."

Qwest Communications International Inc. (NYSE: Q)

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