PSINet Advances Nationwide DSL Rollout Agreements With Covad, Rhythms
and Network Access Solutions Provide Nationwide Coverage
09/08/1999
Business Wire
(Copyright (c) 1999, Business Wire)
HERNDON, Va.--(BUSINESS WIRE)--Sept. 8, 1999--
Service Will Be Available in 60 Cities in Early 2000
PSINet Inc. (Nasdaq: PSIX), the first and largest independent commercial
Internet Service Provider (ISP), today announced that PSINet DSL (Digital
Subscriber Line) service is now available in 21 major metropolitan markets.
The markets are: Atlanta, Austin, Baltimore, Boston, Chicago, Dallas, Denver,
Detroit, Houston, Los Angeles, Miami, Minneapolis, New York, Philadelphia,
Phoenix, Portland, Raleigh/Durham, Sacramento, San Diego, San Francisco and
Washington, DC. The launch follows a successful trial of the service in
partnership with Covad Communications (Nasdaq: COVD) in Los Angeles that was
completed on August 31.
DSL technology allows Internet connectivity over existing copper
infrastructures that can be implemented at a lower cost than traditional
circuits. It uses a line-coding scheme that allows high-speed connections
through ordinary two-wire copper telephone lines, thus helping to eliminate
the "last mile" bottleneck to high-speed communications. The connection is up
to 40 times faster than the speed of traditional dial-up modems. DSL will
reduce local loop charges and installation time compared to traditional
dedicated connections, while providing a seamless integration of DSL
technology and PSINet's premiere services such as PSINet Dedicated Access and
PSINet IntraNet. Rates for corporate connectivity begin at $159 per month and
vary depending on the type of service implemented.
Working in partnership with Covad, a leading broadband provider, PSINet is
offering DSL in a standard format as well as in an enhanced solution designed
to provide quality and value to PSINet's global commercial customers. Covad
recently announced its intention to reach 40% of US homes and businesses by
the end of 2000. This expansion will add 49 new metropolitan markets and 19
states to Covad's national footprint.
PSINet also announced additional agreements to further extend the reach of
its DSL service. The additional partners will supplement Covad's nationwide
distribution and coverage. The first agreement is with Rhythms NetConnections
Inc. (Nasdaq: RTHM).
Rhythms provides nationwide high-performance networking solutions for
businesses, using DSL technology to provide high-speed remote access to
private networks and the Internet. The agreement will increase geographic
coverage and accelerate the delivery nationally of PSINet DSL.
PSINet has also entered into a long-term agreement in principle with Network
Access Solutions (Nasdaq: NASC) for the provisioning of DSL services
throughout the eastern United States. PSINet will be utilizing NAS in key
metropolitan areas to provide PSINet's business customers with a variety of
DSL services interconnected to PSINet's global backbone and that will be
directly managed by PSINet.
"By partnering with leading DSL providers we are able to rapidly deploy a
high quality product nationally," said Charles Cary, PSINet's vice president
of product management and development. "Customers will have the benefit of
PSINet's IP-based global network and quality DSL service in major cities
throughout the US by midyear 2000. PSINet DSL is designed to provide
businesses an affordable high speed solution to their needs without
sacrificing the quality customers expect. The initial rollout gives us access
to a market of more than 2.9 million small businesses, with another 1 million
in the coming months."
In the coming months, PSINet DSL will be available in: Akron, Albany,
Birmingham, Buffalo, Charlotte, Cincinnati, Cleveland, Colorado Springs,
Columbus, Dayton, Greensboro, Harrisburg, Hartford/New Britain, Houston,
Indianapolis, Jacksonville, Kansas City, Las Vegas, Louisville, Memphis,
Middlesex/Somerset/Hunterdon, Miwaukee, Nashville, New Haven, New Orleans,
Norfolk, Oakland, Orange County, Pittsburgh, Providence, Richmond, Rochester,
Salt Lake, San Antonio, San Jose, Seattle, Southern Connecticut, St. Louis,
Tampa/St. Petersburg, Trenton.
Headquartered in Herndon, VA, PSINet is a global facilities-based Internet
Protocol (IP) data communications carrier focused on the business marketplace.
As the first and largest independent commercial Internet service provider in
the world, PSINet offers a broad set of high-speed corporate LAN connectivity
services supporting managed security and guaranteed Internet, Intranet,
electronic commerce, Web hosting services, and services for other carriers and
ISPs. PSINet operates an international state-of-the-art frame relay and
ATM-based, IP-optimized network consisting of over 600 POPs around the world
serving primary markets in Argentina, Austria, Belgium, Brazil, Canada, Chile,
France, Germany, Hong Kong, Italy, Japan, Luxembourg, Mexico, the Netherlands,
Panama, Republic of Korea, Spain, Switzerland, the United States, and the
United Kingdom. PSINet information can be obtained by e-mail at info@psi.com,
by accessing the Web site at psinet.com or by calling toll-free in |
