Great News!
Pac-West Telecomm Selects Covad for DSL Service Offering
PR Newswire - July 07, 1999 18:40
STOCKTON, Calif., July 7 /PRNewswire/ -- Pac-West Telecomm, Inc., the leading West Coast integrated communications provider (ICP), announced today that it has entered into a letter of intent with Covad Communications (Nasdaq: COVD), a leading broadband provider, to provide digital subscriber line (DSL) services to its business and Internet service provider customers. In addition to the resale of DSL services, Pac-West may also participate in joint marketing and advertising activities with Covad.
According to Wally Griffin, Pac-West's President and CEO, "Adding DSL to our suite of offerings is an integral step toward Pac-West becoming the leading full-service telecommunications provider for ISPs. Our relationship with Covad will enable us to provide our ISP customers with an easy method for ordering, installing, and managing high-speed Internet access using DSL technology. Our ISP customers currently serve over one million end-users who will gain access to Covad's DSL network. In addition to enabling high-speed Internet access at up to 50 times faster than conventional 28.8K dial-up connections, our DSL-based service will provide our ISPs with a foundation for delivering other value-added services such as Web hosting."
Pac-West provides switched local and long distance telecommunications services to many of the largest ISPs, paging companies, and enhanced service providers in the nation through its four SuperPOPs in Los Angeles, Oakland, Stockton, and Las Vegas. To meet the growing demand from ISPs for its services, the company is rapidly expanding throughout the Western U.S. According to Griffin, "DSL service brings affordable digital communications to the business and consumer markets, enabling users to enjoy the Internet in new and creative ways. DSL service will attract more users to the Internet, accelerating its already phenomenal growth."
Robert Roblin, Covad's Executive Vice President of Marketing said, "Covad looks forward to expanding our DSL service with Pac-West. Upon implementation, our relationship with Pac-West will help expand the availability of broadband, bringing the benefits of high-speed Internet access to Pac-West's large customer base."
Covad's DSL technology allows for high-speed Internet access using the copper phone wires found in nearly all businesses and homes today. Once installed, the high-speed connection is secure, always on, and always available.
Covad currently offers DSL-based high-speed Internet access in 15 regions, or 36 metropolitan statistical areas (MSAs) and plans to expand availability of its service to 22 regions, or 51 MSAs, by the end of the year. The major national regions include the San Francisco Bay Area, Los Angeles area, San Diego, Sacramento, Seattle, Boston, New York, Washington, D.C., Philadelphia, Baltimore, Chicago, Atlanta, Detroit, Minneapolis/St. Paul and Denver.
SOURCE Pac-West Telecomm, Inc.
/CONTACT: Kevin Maginnis of Pac-West, 209-926-4083, or
kmaginni@pacwest.com/
(COVD)
--------------------------------------------------------------------------------
COVD %TLS %CPR %MLM %CON %LIC V%PRN P%PRN
--------------------------------------------------------------------------------
© 1999 Waterhouse Securities. Click here for important legal information. |
