this out after the close.
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Network Plus Lights Three New York City Fiber Rings In Completion of $3 Million Deal
October 26, 1999 04:18 PM
QUINCY, Mass.--(BUSINESS WIRE)--Oct. 26, 1999--Thirteen co-locations with enhanced services wired for high-speed data and Voice-over-DSL capability
Network Plus (NPLS) has announced the completion of a 10-year $3 million deal with MetroMedia Fiber Network (MFNX) that provides three metro fiber rings around New York City giving access to 13 more co-locations. The addition of the fiber rings from MFN means that Network Plus can be the first provider of Voice-over-DSL, or VoDSL, in New York City.
According to Joseph Haines, Senior Vice President of Operations at Network Plus, the 13 co-locations within these fiber rings include a potential acquisition of 1.2 million business access lines. "This deal enables us to be the first VoDSL provider in New York City," explained Haines. Voice-over-DSL, or VoDSL, is a technology which allows voice and high-bandwidth data service over one bundled copper loop. Network Plus currently sells a bundled business communications package including local and long distance service and high-speed data services.
MFN, a fiber-optic network provider of tandem and central office access and SONET networks to carriers and corporations, has embraced Network Plus as a partner in this endeavor, said Howard Finkelstein, President/COO of MFN.
About Network Plus
Network Plus is a network-based integrated communications provider headquartered in Quincy, Massachusetts. Network Plus offers broadband data and telecommunications services, primarily to small and medium-sized business customers located in major markets in the Northeastern and Southeastern regions of the United States. The company's bundled product offerings include local and long distance services as well as enhanced, high-speed data and Internet services, primarily utilizing digital subscriber line, or DSL, technology. |
