RCN Gets Go-Ahead to Bring San Francisco Residents Their First Choice In Residential Telecom Services in Decades
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Company to Continue California Expansion of Its Popular
Bundled ResiLink(SM) Product
PRINCETON, N.J., Aug. 28 /PRNewswire/ -- RCN Corporation (NASDAQ:RCNC) is
bringing San Francisco residents their first competitive choice in cable
service in decades and local telephone service in a century with the unanimous
approval by the Board of Supervisors of a franchise agreement that will allow
RCN to provide San Francisco residents with bundled telecommunications
services, including local and long distance phone, cable and high-speed
Internet. Mayor Willie Brown is expected to sign the agreement today.
"This agreement is a significant milestone for both RCN and San Francisco
residents, and we look forward to building a mutually beneficial partnership
with both the city and community," said David C. McCourt, Chairman and Chief
Executive Officer. "San Francisco is a key market in RCN's continuing,
aggressive expansion throughout California and is home to highly sophisticated
users of technology. Our services have been well received in the Bay Area
communities we've entered and I expect San Franciscans to also welcome the
value of our bundled offer."
RCN delivers residential communications services over its own low-cost,
high capacity, fiber-optic network in the most densely populated areas of the
country. San Francisco has a density of 262 homes per mile, almost 9 times
the national average of 30 homes per mile. RCN expects to sign up its first
San Francisco customers by the end of the year.
In addition to recently receiving regulatory approvals in Burlingame and
San Carlos, RCN is currently offering its ResiLink(SM) bundled phone, cable
and high-speed Internet services to the Bay Area communities of South San
Francisco, San Mateo and Daly City and is constructing its Megaband(TM)
Network in Redwood City. RCN is also constructing its network in Los Angeles,
through an alliance with Southern California Edison. To date, RCN has
designed or built 4,300 fiber miles of its high-capacity network in
California.
In addition to the company's rapidly expanding presence on the West Coast,
RCN is currently building its network or offering its services in parts of
Boston and the surrounding suburbs; Chicago and its surrounding communities;
in New York City, the boroughs of Manhattan, Queens, Brooklyn and the Bronx;
southeastern New York; northern New Jersey; Washington, D.C. and the
surrounding suburbs; the Lehigh Valley area of Pennsylvania and numerous
Philadelphia-area communities. |
