PR: xDSL gets another boost, this time from QWST.
What do you make of this? Also, don't you think that the use of the term broadband is being stretched nowadays, somewhat? Where are the delimiters of sub-rate, high-speed, wideband, and broadband, anyway? While these terms are relative in nature, they don't seem to be evolving with any consistency. Comments?
Frank C.
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Qwest Communications Invests In Covad Communications And Announces Strategic Deal For Digital Subscriber Lines
COVAD TO USE QWEST NETWORK TO CONNECT LOCAL MARKETS
DENVER--(BUSINESS WIRE)--Jan. 19, 1999-- Qwest Communications International Inc. announced today that it has made its first strategic investment in Digital Subscriber Line (DSL) local networks through an agreement with Covad Communications Group, Inc. By the end of 1999, Qwest plans to have access in 22 key metropolitan markets, including Boston, Chicago, Dallas, Los Angeles, New York City, Philadelphia, San Francisco, Seattle and Washington, D.C. DSL enhances Qwest's ability to provide customers with high-speed, end-to-end connectivity to its nationwide IP-based network and the Internet. Qwest is investing $15 million in cash in Covad.
Covad is a packet-based Competitive Local Exchange Carrier that provides DSL communications services to Internet Service Providers and enterprise customers. Covad has signed a multi- million dollar, multi-year agreement to purchase network capacity from Qwest to interconnect its high-speed local networks.
''With the explosive growth of the Internet, including e-commerce and web-hosting, it is critically important that Qwest has direct, unrestricted high-speed broadband access to its customers,'' said Joseph P. Nacchio, Qwest president and CEO. ''The agreement with Covad provides us with a creative, cost- effective local connectivity solution that will allow our customers to maximize the benefits of our high-speed network.''
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