This news seems to be helping the stock move up.
We are out of the single digits at the moment.
High Speed Access Corp. Initiates Up To $100 Million Cable IP Telephony Rollout With Lucent Technologies
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DENVER, May 3 /PRNewswire/ -- High Speed Access Corp. (NASDAQ:HSAC), a
leading provider of broadband services in residential and commercial markets,
today announced that it intends to deploy and offer Internet protocol (IP)
telephone service over selected cable TV networks across the United States.
As part of its strategy, HSA announced an agreement with Lucent Technologies
(NYSE:LU) under which Lucent will provide network equipment, software and
other services valued at up to $100 million.
HSA plans to initially offer local and long-distance telephone service to
residential and business customers using Lucent's CableConnect(SM) Solutions
including equipment based on DOCSIS, an industry-wide specification for
delivering real-time services such as IP telephony over two-way cable
networks.
In addition to providing equipment under the three-year agreement, Lucent
will also be arranging third-party equipment financing and make an equity
investment in HSA. Lucent and HSA will also work together on future
generations of cable IP telephony equipment and software.
In December 1999, HSA and a cable partner began testing DOCSIS-compliant
cable IP telephony systems in Georgia. As these trials have progressed, HSA
has been developing a coast-to-coast rollout strategy. HSA currently provides
broadband Internet access via cable modem in 137 communities nationwide and is
adding additional systems on a weekly basis. HSA has over 7.5 million cable
homes under contract or letter of intent with more than 45 different cable
partners. HSA expects to begin commercial deployments of cable IP telephony
service in the third quarter of this year.
"We are thrilled to be working with Lucent on the launch of our voice
service that will allow us to offer a bundled package of video, voice and
data, plus next generation IP services," said Dan O'Brien, HSA president and
CEO. "Voice service represents a multi-billion dollar incremental market
opportunity for cable operators. This offering not only gives us a
competitive telephone service with high-demand features such as call waiting
and caller ID, but also the billing and operations software and network
services that make it a turnkey solution for our MSO partners."
"Providing high-quality telephone service over cable networks requires
more than a single piece of equipment, it takes the whole network, and that's
what we're delivering to HSA," said Tim Gropp, Lucent sales vice president for
cable communications. "HSA is taking a leading role in deploying IP services
with this commitment to cable IP telephony."
About High Speed Access Corp.
High Speed Access Corp., headquartered in Denver, Colo., is a leading
provider of high speed Internet access via cable modems to residential and
commercial end users. The company believes that it provides the most
comprehensive turnkey solution available to the cable operator. Its service
enables subscribers to receive Internet access at speeds substantially faster
than traditional Internet access at minimal cost to the cable operator. HSA
enters into long term contracts with cable operators to provide them with the
access service it provides to the cable partner and its subscribers. For more
information on HSA, visit its Web site at www.hsacorp.net .
About Lucent Technologies
Lucent Technologies, headquartered in Murray Hill, N.J., USA, designs and
delivers the systems, software, silicon and services for next-generation
communications networks for service providers and enterprises. Backed by the
research and development of Bell Labs, Lucent focuses on high-growth areas
such as optical and wireless networks; Internet infrastructure; communications
software; communications semiconductors and optoelectronics; Web-based
enterprise solutions that link private and public networks; and professional
network design and consulting services. For more information on Lucent
Technologies, visit its Web site at lucent.com .
This press release contains statements about future events and
expectations, which are "forward-looking statements." Any statement in this
press release that is not a statement of historical fact may be deemed to be a
forward-looking statement. Such forward-looking statements involve known and
unknown risks, uncertainties and other factors which may cause the High Speed
Access Corp.'s actual results, performance or achievements to be materially
different from any future results, performance or achievements expressed or
implied by such forward-looking statements. Specific factors that might cause
such a difference include, but are not limited to: the company's unproven and
evolving business model; the rapid technological changes and evolving industry
standards in the markets for our services; the company's history of losses and
anticipation of future losses and need for additional capital; the potential
fluctuations in the company's operating results; the company's competition;
the company's potential inability to attract and retain end users; the
company's potential inability to establish or maintain relationships with
cable operators, including Charter; and those risks and uncertainties
discussed in filings made by the company with the Securities and Exchange
Commission, including those risks and uncertainties contained under the
heading "Risk Factors" in the company's most recent quarterly report on Form
10-Q as filed with the Securities and Exchange Commission.
SOURCE High Speed Access Corp.
-0- 05/03/2000
/CONTACT: Media: Katina Vlahadamis, Director of Media Relations,
303-256-2018, kvlahadamis@hsacorp.net or Investors: Stephen Calk,
Vice President of Investor Relations, 303-256-2091, scalk@hsacorp.net, both of
High Speed Access Corp.; or Doug Broad, 908-559-7520, dbroad@lucent.com, or
Ed Beltram, 303-290-2453, ebeltram@lucent.com, both of Lucent Technologies/
/Web site: lucent.com
/Web site: hsacorp.net
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