Qwest inks multi-million-dollar deal with U.S. Bancorp

June 29, 2006 Denver -- Qwest Communications International has signed a five-year multi-million dollar deal with U.S. Bancorp for Qwest Qwave, an optical wavelength private-line product that utilizes DWDM technology at speeds up to 10 Gbits/sec.

June 29, 2006 Denver -- Qwest Communications International has signed a five-year multi-million dollar deal with U.S. Bancorp for Qwest Qwave, an optical wavelength private-line product that utilizes DWDM technology at speeds up to 10 Gbits/sec.

According to Qwest representatives, QWave provides banks, financial institutions, government organizations, and enterprise customers across the United States with greater control, route diversity, visibility, and service management of their broadband services. The service also provides 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," reports David Grabski, senior vice president of network services for U.S. Bancorp. "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 its major communications centers. The Qwest service will connect five U.S. Bancorp locations on a secure and fast 10-Gbit/sec 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," adds 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."

Minneapolis-based U.S. Bancorp, with $210 billion in assets, is the sixth largest financial holding company in the United States. The company operates 2,430 banking offices and 4,941 ATMs, and provides a range of banking, brokerage, insurance, investment, mortgage, and trust and payment services products to consumers, businesses and institutions.

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