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Technology Stocks : MRV Communications (MRVC) opinions?
MRVC 9.975-0.1%Aug 15 5:00 PM EST
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To: rascalbythesea who wrote (16324)10/18/1999 11:18:00 AM
From: rascalbythesea  Read Replies (1) of 42804
 
<<Monday October 18 8:11 AM ET

SBC To Start $6 Billion Internet Service Plan

SAN ANTONIO (Reuters) - SBC Communications Inc (NYSE:SBC - news). said Monday it would launch a $6
billion, three-year effort to become the largest U.S. provider of high-speed Internet services.

The company said in a statement that the initiative, called Project Pronto, was the first of many it would undertake
``to secure the benefits of its recent ($61 billion) acquisition of Ameritech for customers and shareholders.'

By the end of 2002, SBC plans to provide about 77 million Americans, or 80 percent of its customers, with
broadband, always-on Internet voice, data and video services through faster Digital Subscriber Line services.

SBC said that it planned to make the broadband services available to all its customers eventually.

SBC also will redesign its network to widen the reach of its fiber optic network in neighborhoods it serves and
'accelerate the convergence of its voice and data backbone systems into a next-generation, packet-switched,
designed-for-the-Internet network.'

SBC has about a third of the United States' access lines.>>

Anyone care to guess how much our favorite company will get out of that 6Billion?

Benny
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