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On January 31, 1995, Qwest purchased all of the outstanding
stock of Qwest Transmission for $18,770,000. Qwest Transmission
had an existing digital microwave radio network serving an
approximately 3,500 mile route, ranging from the Texas-Mexico
border to Cincinnati, then branching off to Chicago and
Philadelphia.10 At the same time as the Qwest Transmission
acquisition, Qwest also acquired Qwest Properties, Inc., a lessor
of a telecommunications switching facility11 in Dallas, Texas.
Qwest Transmission’s available capacity allowed Qwest to
transfer existing revenue traffic to the Qwest Transmission
network, reducing its current leased facility expense.
3. Fiber Systems, Inc.
In January 1995, Qwest purchased certain assets from Fiber
Systems, Inc. for $1,750,000, which were placed into an Anschutz
Company subsidiary, FSI Acquisition Corporation.
4. Five Star Telecom, Inc.
In March 1996, Qwest’s Board of Directors agreed to enter
into leases with Five Star Telecom, Inc., for three switches in
10 Microwave systems, the development of which predated the
development of fiberoptic technology, offer a means of
transmitting lower volume and narrower bandwidths of voice, data,
and video signals. Microwave systems use radio frequencies to
transmit data between transmission towers.
11 A switch is a device that selects the paths or circuits
to be used for transmission of information and establishes a
connection.
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