Covad agreement.
DSL.net Expands National Coverage Via Agreement with Covad
March 6, 2000 04:52 PM
NEW HAVEN, Conn., March 6 /PRNewswire/ -- DSL.net, Inc. DSLN , a direct provider of high-speed data communications and Internet solutions, today announced a national agreement with Covad Communications COVD . With this agreement DSL.net expands its coverage into larger US markets, building on its success in Tier II and Tier III cities across the US.
"This new relationship is an outgrowth of the success that DSL.net is having in serving the needs of businesses in Tier II and Tier III cities," said Dave Struwas, DSL.net president and chief executive officer. "As more and more customers come on line with us, the ability to reach their branch office, colleagues, and coworkers in Tier I cities becomes a growing opportunity for us."
Under this agreement, DSL.net can now provide its service in first tier cities over Covad's network. In this way, DSL.net leverages its strong peering relationships and the significant investments it has made in its own network, across a broader footprint.
"Our relationship with Covad further enhances our position as a single point of contact for multi-location businesses across the country," said David Struwas. "Covad's broad footprint complements our expanding national presence of over 140 Tier II and Tier III cities across the US."
"Our relationship with DSL.net expands upon our mission to bring an ultra- fast, 'always on' connection to the Internet to the greatest number of end- users possible," said Rich Wong, vice president of marketing for Covad. "DSL.net, with its focus on Tier II and Tier III cities, helps expand the availability of broadband services."
About DSL.net
Based in New Haven, CT, DSL.net, Inc. is a high-speed data communications and Internet access provider that uses digital subscriber line technology to provide high-speed Internet access solutions to small- and medium-sized businesses, primarily in second and third tier cities throughout the United States. As of February 1, 2000, DSL.net had provided service or had installed equipment in more than 140 cities. For more information on DSL.net visit www.dsl.net.
FORWARD LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are subject to a variety of risks and uncertainties, many of which are beyond DSL.net's control, which could cause actual results to differ materially from those contemplated in these forward-looking statements. In particular, the risks and uncertainties include those described under "Risk Factors" in DSL.net's Registration Statement on Form S-1 filed with the Securities and Exchange Commission on February 22, 2000, which include, among other things, (i) DSL.net's extremely limited operating history, which makes it difficult to evaluate its business and prospects; (ii) the difficulty of predicting the new and rapidly evolving high-speed data communications industry; (iii) DSL.net's history of, and expectation of additional, losses and negative operating cash flow and need to obtain significant additional funds on acceptable terms; (iv) DSL.net's unproven business model, which may not be successful; (v) DSL.net's failure to achieve or sustain market acceptance for its services at desired pricing levels, which could impair its ability to achieve profitability or positive cash flow; (vi) DSL.net's ability to negotiate, enter into and renew interconnection and collocation agreements with traditional telephone companies; (vii) the intense competition in the high-speed data communications industry, which may negatively affect the number of DSL.net's customers and the pricing of its services; (viii) regulatory, legislative, and judicial developments, which could adversely affect the way DSL.net operates its business; and (ix) DSL.net's ability to recruit and retain qualified personnel and to manage the growth of its operations. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. DSL.net undertakes no obligation to update or revise the information contained in this press release, whether as a result of new information, future events or circumstances or otherwise.
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