MGC Communications Supports Recent FCC Ruling on Dial-Up Internet Traffic
March 2, 1999
LAS VEGAS, March 1 /PRNewswire/MGC
Communications, Inc., ("MGC") a leading
facilities-based integrated communications
services provider, (Nasdaq: MGCX),
announced today that it joins with other
major Competitive Local Exchange Carriers in
praising the FCC's decision to support the
validity of existing interconnection
agreements, as interpreted by state
commissions, and uphold state authorities'
jurisdiction to preserve existing decisions and
agreements relating to reciprocal
compensation for local exchange traffic to
Internet Service Providers (ISPs).
Nield Montgomery, MGC's president and CEO,
commented "We support the FCC's ruling to
preserve existing reciprocal compensation
agreements as it encourages competition and
supports prior rulings by 29 states. The FCC's
decision was expected and does not
materially effect any past or future revenue
streams for MGC, as substantially all of MGC's
revenue base comes from recurring local and
long-distance service revenue. Our network
design from inception was to grow a steady
base of customers and offer bundled services
to the small business and residential
customer. We have continued to remain
focused on building our intelligent
facilities-based network to provide these
communications services in our markets."
Headquartered in Las Vegas, Nevada, MGC
Communications, Inc. provides local and long
distance services to small business and
residential customers in Las Vegas, Atlanta,
Chicago, Southern California and Southern
Florida. For more information about MGC visit
www.mgccom.com.
Forward Looking Statements. Certain
statements contained in this Press Release
that state the Company's or management's
intentions or predictions of the future are
forward-looking statements. Management
wishes to caution the reader these
forward-looking statements, such as the
components of future revenue, that are not
historical facts, are only estimates or
predictions. Actual results may differ
materially as a result of risks facing the
Company or actual results differing from
assumptions underlying such statements.
Such risks and assumptions include, but are
not limited to, the Company's ability to
sustain its existing recurring local and
long-distance service revenue in existing and
planned markets. Additional information
concerning factors that could cause actual
results to differ materially from those
expressed or implied in the forward-looking
statements is contained from time to time in
the Company's SEC filings, including but not
limited to the Company's report on Form 10-K
for the year ended December 31, 1997.
Copies of this filing may be obtained by
contacting the Company or the SEC.
SOURCE MGC Communications, Inc. |
