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D. Other Transactions
1. Advantis
On September 10, 1993, Qwest entered into an asset and stock
purchase agreement with Advantis, a communications network joint
venture of IBM and Sears Roebuck Company (Sears), carrying Sears
and IBM voice and data traffic worldwide. Pursuant to this
agreement, on November 5, 1993, Qwest sold Advantis substantially
all of its then-owned capacity rights in the fiberoptic cables
owned by MCI along with certain realty and related equipment. In
exchange, Qwest received $185 million and the right to use the
capacity sold to Advantis, if not needed by Advantis, free of
charge in order to provide service to Qwest’s dedicated line
customers for the 12-month period following the date of the sale
to Advantis. Qwest also agreed to lay conduit and pull fiber
between Los Angeles and Sacramento and provide Advantis with a
certain portion of this capacity.
2. Qwest Transmission
Qwest Communications, Inc. and Subsidiaries (Qwest
Communications) were in the telecommunications business as a
carrier’s carrier, providing digital private line service to the
long-distance industry since 1981. On April 6, 1995, Qwest
Communications changed its name to Qwest Transmission.9
9 To avoid confusion, Qwest Communications is hereinafter
referred to as Qwest Transmission.
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