Covad Communications - COVD Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Covad Communications - COVD

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Mark Duper who started this subject	4/16/2001 9:23:18 PM
From: Captain James T. Kirk	Read Replies (1) of 10485

Covad scores important victory over Baby Bell By: Steven J. Vaughan-Nichols 04/13/01 -------------------------------------------------------------------------------- Full Text By Steven J. Vaughan-Nichols The DSL CLEC's constantly cry that Baby Bells are treating them unfairly, with poor service and high charges designed to squeeze them out of business. At long last, with AT&T, Covad Communications found someone to listen to them who can make a difference. On April 12, it became clear that the New York Public Service Commission (PSC) was likely to find that Verizon was grossly overcharging Covad and other CLECs. Verizon's New York and Massachusetts subsidiaries changed their power rate structure, which had been tripling the CLEC's co-location rates. The new rates take effect immediately. Covad estimates that the change will save the company millions. In New York alone, Covad expects to save as much as $2.9 million annually. Dhruv Khanna, Covad's co-founder, executive vice president and general counsel, hopes "that Verizon will extend the restructured power rates to all of the states in its territory." If that comes to pass, it could result in savings of well over $10 million dollars a year for Covad in the northeast and mid-Atlantic states. Covad is also trying to get refunds for its past overpayments. It is expected that other CLECs will also now only pay the new lower fees when they co-locate in Verizon's New York and Massachusetts offices. The rate drop didn't come into effect entirely because of the PSC's expected actions, though. Covad had also supported Verizon's application to provide long distance service in Massachusetts. -------------------------------------------------------------------------------- Copyright (c) 2001 Ziff-Davis Inc. All Rights Reserved

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next