Boston-Area City of Quincy Invites RCN to Wire Its 34,500 Homes For High-Speed Internet Access
Northeast's Largest Regional ISP Will Also Offer Local Phone, Long Distance, and Cable Television Over It's New State-of-the-Art Fiber Network
PRINCETON, N.J., Jan. 5 /PRNewswire/ -- RCN Corporation (Nasdaq: RCNC - news) today signed an agreement with the city of Quincy that will allow the company to build a local fiber optic network capable of providing the Boston-area community's 34,500 homes with high-speed Internet access, local phone, long distance and cable television.
With approximately 160 homes per mile of network, Quincy has a density five times higher than the national average. In keeping with its strategy of being the low-cost operator in all of the markets it serves, RCN seeks out communities with comparatively high densities so it can minimize network maintenance costs while ensuring the highest levels of service to its customers.
''Quincy is an excellent market for RCN, because of its very high density and its current lack of a high speed Internet provider. In addition, we really see Quincy as the gateway to RCN's expansion into the South Shore,'' said RCN Chairman and CEO David C. McCourt. ''RCN expects to sign local agreements with cities and towns at a much faster pace in 1999, now that we have clearly demonstrated the demand for our communications services, particularly high-speed Internet, and our ability to meet that demand,'' McCourt said.
In addition to its growing number of phone and cable customers, RCN over the past year has established a base of nearly 500,000 Internet subscribers through four major acquisitions and strong internal growth. With the internal integration of its four major Internet Service Provider (ISP) acquisitions complete, RCN last week announced the external integration of these successful and well-respected ISPs under a common brand name offering a new standard of Internet services: RCN.com. The company launched the new brand with a major print and radio advertising initiative throughout RCN's Boston to Washington, D.C. target market.
RCN Corporation (Nasdaq: RCNC - news) is the nation's first and largest single- source, facilities based provider of telecommunications services to the residential market, the largest regional Internet service provider (ISP) in the Northeast and the nation's seventh largest ISP. The company is currently providing local and long distance phone, cable television and Internet services in several markets from Boston to Washington, D.C. RCN has expanded its target market to include California's San Francisco to San Diego corridor. Additional information about RCN's services may be found on the company's web site at rcn.com.
SOURCE: RCN Corporation
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