More good news for DSL and COVD:
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Wednesday September 8, 8:29 am Eastern Time
Company Press Release
PSINet Advances Nationwide DSL Rollout Agreements With Covad,
Rhythms and Network Access Solutions Provide Nationwide Coverage
Service Will Be Available in 60 Cities in Early 2000
HERNDON, Va.--(BUSINESS WIRE)--Sept. 8, 1999-- PSINet Inc. (Nasdaq: PSIX - news), the first and largest independent commercial Internet Service
Provider (ISP), today announced that PSINet DSL (Digital Subscriber Line) service is now available in 21 major metropolitan markets. The markets are: Atlanta,
Austin, Baltimore, Boston, Chicago, Dallas, Denver, Detroit, Houston, Los Angeles, Miami, Minneapolis, New York, Philadelphia, Phoenix, Portland,
Raleigh/Durham, Sacramento, San Diego, San Francisco and Washington, DC. The launch follows a successful trial of the service in partnership with Covad
Communications (Nasdaq: COVD - news) in Los Angeles that was completed on August 31.
DSL technology allows Internet connectivity over existing copper infrastructures that can be implemented at a lower cost than traditional circuits. It uses a line-coding
scheme that allows high-speed connections through ordinary two-wire copper telephone lines, thus helping to eliminate the ''last mile'' bottleneck to high-speed
communications. The connection is up to 40 times faster than the speed of traditional dial-up modems. DSL will reduce local loop charges and installation time
compared to traditional dedicated connections, while providing a seamless integration of DSL technology and PSINet's premiere services such as PSINet Dedicated
Access and PSINet IntraNet. Rates for corporate connectivity begin at $159 per month and vary depending on the type of service implemented.
Working in partnership with Covad, a leading broadband provider, PSINet is offering DSL in a standard format as well as in an enhanced solution designed to
provide quality and value to PSINet's global commercial customers. Covad recently announced its intention to reach 40% of US homes and businesses by the end of
2000. This expansion will add 49 new metropolitan markets and 19 states to Covad's national footprint.
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