February 7, 2002 -- BellSouth Corporation (NYSE: BLS) and Qwest Communications International Inc. (NYSE: Q) announced that they have signed a wholesale services agreement. The new agreement will take effect immediately.

Under the agreement, BellSouth will purchase $350 million of services from Qwest over a four-year period and will add this portfolio of products and services to the BellSouth long distance, data and Internet suite of services.

Separately, BellSouth and Qwest agreed to terminate a previous purchase agreement.

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