Tw0 [2] Covad Related Posts
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1. Nokia wins $100 mln DSL order from Covad
[You may recall that Nokia's product results from their acquisition of Diamond Lane Communications Corp., which was co-founded by George Hawley who once used to post here. dlcc.com ]
July 22, 1999
HELSINKI, Reuters [WN] via NewsEdge Corporation
: Finnish telecoms equipment group Nokia
<NOK1V.HE> said on Wednesday it would supply
more than $100 million worth of digital subscriber
line (DSL) equipment to U.S. Internet access
provider Covad <COVD.O>.
"Nokia...has signed an extension to a supply
agreement with Covad Communications for DSL
network equipment worth more than $100 million,"
the company said in a statement.
It would supply Covad with equipment for up to
750,000 new DSL lines to be used by business and
consumers, bringing Covad the ability to service over
a million DSL lines using Nokia's equipment.
DSL allows for high-speed Internet connections
simultaneously over lines used for voice calling,
faxing and other services.
Nokia would supply the entire range of Nokia D40
Speedlink digital subscriber line access multiplexer
products, allowing Covad to provide voice and data
to end-users via ordinary cooper pairs, it said.
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2. Covad Announces First Alliance to Deliver Voice
Over DSL Services to Small Business; Covad Targets
$45 Billion Local Phone Market
July 22, 1999
SANTA CLARA, Calif.--(BUSINESS WIRE) via
NewsEdge Corporation -- Small businesses and
consumers seeking alternatives to their incumbent
local exchange carrier (ILEC) services are a
significant step closer to enjoying voice service
alternatives.
Covad Communications (Nasdaq:COVD), a leading
broadband access provider, today announced that it
has reached an agreement with Integrated
Communications Provider (ICP) GST
Telecommunications Inc. (Nasdaq:GSTX) to develop
integrated voice over digital subscriber line (DSL)
services using asynchronous transfer mode (ATM)
transport technology.
The two companies have agreed to jointly develop
service offerings to small businesses that will allow
customers to utilize one DSL line for integrated data
service and up to 16 voice lines.
The development agreement is the first in the
industry in the emerging market for integrated voice
and data DSL services. Covad will work directly with
GST to develop voice over DSL service offerings in
the geographic regions where GST provides
communications service. GST has already signed
an agreement with Covad to provide Covad's DSL
service to GST's end users.
GST and Covad envision service trials of voice over
DSL service by the end of 1999.
"Securing development agreements with voice
CLECs is an important step toward providing true
competition and choice to the $45 billion dollar small
business voice communications market," said
Robert Roblin, executive vice president of Marketing
for Covad. "By working with aggressive, nimble voice
CLECs such as GST, Covad plans to break the local
phone service monopoly for voice services."
The agreement closely follows Covad's successful
completion of voice over DSL technical trials using
Covad's existing gateways and related voice
equipment from both Jetstream Communications
Inc. and CopperCom Inc. In June, Covad completed
more than 200,000 phone calls over DSL lines using
its ATM transport network.
Covad envisions a manageable solution for small
businesses that will enable them to apportion up to
16 voice lines and data through one DSL
connection. The technical trials proved the feasibility
of this plan and demonstrated the high quality of
voice over DSL via ATM.
"Although the technology behind the service is
impressive by any standard, voice over DSL is really
about leveraging a DSL line to provide voice products
with better service delivery and better customer
service," added Roblin.
"Our research indicates that small businesses have
strong dissatisfaction with their current service
providers. Covad aims to provide alternatives for
voice and data services to small businesses that
have never had a choice of providers."
Joe Basile, president and chief executive officer of
GST Telecommunications, said, "By expanding our
alliance with Covad, GST will be able to offer its
extensive voice services over the same lines
deployed for Internet access. Integrated DSL
services are a cost-effective alternative for small
businesses to take advantage of new network
capabilities which can help make them more
competitive.
"DSL gives GST a broader geographic reach within
our major metropolitan markets, and is another way
for us to bypass the incumbent local exchange
carriers (ILECs), allowing us to provide faster
provisioning intervals, more responsive customer
service, and lower prices than those available when
working through an ILEC connection."
GST Telecommunications Inc., an Integrated
Communications Provider (ICP) headquartered in
Vancouver, Wash., provides a broad range of
integrated telecommunications products and
services including local dial tone, Internet, long
distance, and enhanced data services throughout
the United States with a robust presence in
California and the West.
Facilities-based GST continues to focus on its
western regional strategy by anchoring its next
generation networks in local markets and
connecting them via long haul fiber networks.
About Covad
Covad Communications is a leading broadband
access provider of high-speed Internet and network
access. It offers DSL services through Internet
Service Providers to small and medium-sized
businesses and home users, and direct to large
enterprise customers. Covad services are currently
available in 16 regions, encompassing 37
Metropolitan Statistical Areas (MSA).
Service is available in the regions encompassing the
San Francisco Bay, Los Angeles, Seattle,
Sacramento, New York, Boston, Washington D.C.,
Baltimore, Chicago, Philadelphia, San Diego,
Atlanta, Detroit, Minneapolis/St. Paul, Denver, and
Portland, Ore. Covad has announced its plans to
offer its services in a total of 22 regions, which would
encompass 51 MSAs nationwide by Q4 1999.
Covad Communications and its affiliates, doing
business as Covad Communications Company, are
wholly owned subsidiaries of Covad
Communications Group Inc. (Nasdaq:COVD).
Corporate headquarters is located at 2330 Central
Expressway, Santa Clara, Calif., 95050. Telephone:
888/GO-COVAD. Web Site: www.covad.com.
Safe Harbor Statement under the Private Securities
Litigation Reform Act of 1995:
The statements contained in this release, which are
not historical facts may be deemed to contain
forward-looking statements, including, but not
limited to, deployment of the company's network in
new and existing regions and the timing and breadth
of coverage in each region. Actual results may differ
materially from those anticipated in any
forward-looking statements as a result of certain
risks and uncertainties, including, without limitation,
the company's dependence on strategic third parties
to market and resell its services, intense
competition for the company's service offerings,
dependence on growth in demand for DSL-based
services, availability of collocation space and
facilities, ability to manage and scale operations,
and other risks and uncertainties detailed in the
company's Securities and Exchange Commission
filings. The company disclaims any obligation to
update information contained in any forward-looking
statement.
<<Business Wire, 07-21-99, 06:01 Eastern>>
CONTACT: Covad Communications | Nick
Kormeluk, 408/844-7457 (VP Investor Relations) |
InvestorRelations@covad.com | Martha Sessums,
408/844-7508 | (Director of Corporate
Communications) | msessums@covad.com | or |
Mercer Island Group | Tom Crosby, 415/971-1283 |
tom@fullcirclesolutions.com
[Copyright 1999, Business Wire] |
