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Technology Stocks : RCN Corp. (RCNC) - Voice-Video-Internet -- Ignore unavailable to you. Want to Upgrade?

To: SecularBull who wrote (614)	6/27/2000 1:58:00 PM
From: Sarkie	Read Replies (1) \| Respond to of 720

RCN Wins First Regulatory Approvals in Two Southern California Cities To Construct Its Unique Broadband Fiber Network ================================================================ - Approvals Are First Steps to Enable RCN to Offer Its Services to Residents of Beverly Hills and Gardena - PRINCETON, N.J., June 27 /PRNewswire/ -- RCN Corporation (NASDAQ:RCNC), a leading residential provider of bundled telephone, cable television and high-speed Internet services, has received regulatory approval to construct its high-capacity broadband network in Beverly Hills and Gardena, California. Once completed, the RCN network will deliver bundled phone, cable and high-speed Internet access services to the residents of these two communities. "With this first round of approvals, the stage has been set for one of the wealthiest and most technology-minded markets in the country to have a new choice in communications service providers in the near future," said Michael Adams, RCN's President and Chief Operating Officer. "Having secured regulatory authority covering well over 35,000 homes in Beverly Hills and Gardena, we are looking forward to rapidly building our state-of-the-art network and bringing the best value and quality choice to area residents." RCN's business plan focuses on targeting the most densely populated residential areas in the country to deliver bundled communications services. In California, the San Francisco to San Diego corridor represents two percent of U.S. geography but accounts for 12 percent of the nation's telecom usage. Beverly Hills and Gardena average 175 homes per mile, exceeding the national average of 30 homes per mile. RCN is currently offering its bundled phone, cable and high-speed Internet access services to the northern California communities of South San Francisco, San Mateo, and Daly City. The company also has approvals to construct its network in Redwood City and San Francisco, and is constructing its Megaband(TM) Network in Los Angeles in an alliance with Southern California Edison. To date, RCN has designed or built over 4,200 fiber miles of its high-capacity network in California. About The RCN Network RCN's Megaband(TM) Network is a unique broadband fiber-optic platform capable of offering a full suite of communications services -- including fully featured voice, video and high-speed Internet -- to residential customers. The network employs SONET ring backbone architecture, and localized nodes built to ensure RCN's state-of-the-art fiber optics travel to within 900 feet of RCN customers, with fewer electronics and lower maintenance costs than existing local networks. RCN's high-capacity fiber rich networks target 44% of the U.S. residential communications market in over just 6% of the country's geography.