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Short Take: Verio leases more capacity from Qwest

Verio, a business Internet service provider, will lease additional fiber optic capacity from Qwest Communications International for $60 million. The agreement extends the companies' existing 15-year $100 million deal. Verio, which expanded its services to more than 260,000 customers with its recent purchase of Hiway Technologies, utilizes Qwest lines for about 50 percent of its capacity.

Verio, a business Internet service provider, will lease additional fiber optic capacity from Qwest Communications International for $60 million. The agreement extends the companies' existing 15-year $100 million deal. Verio, which expanded its services to more than 260,000 customers with its recent purchase of Hiway Technologies, utilizes Qwest lines for about 50 percent of its capacity.