Ascend Products Move Ahead as Leaders in the CLEC Market Ten Out of 12 Top Revenue-Producing CLECs Use Ascend Products
Wednesday February 11, 11:01 am Eastern Time Company Press Release
biz.yahoo.com
ALAMEDA, Calif.--(BUSINESS WIRE)--Feb. 11, 1998--Ascend Communications, Inc. (NASDAQ:ASND - news) today announced that 10 of the top 12 competitive local exchange carriers (CLECs) named in a report soon to be released by International Data Corporation (IDC) are deploying Ascend products in order to provide carrier-class data access service to Internet Service Providers (ISPs) and corporate customers.
IDC's ''CLEC 1997 Year in Review,'' which will be available later this month, profiles the 12 top CLECs in the United States, based on 1997 revenues. The top twelve accounts as identified by IDC in its upcoming report, include MFS Communications (WorldCom), Teleport Communications Group, MCI Local, ICG Communications, Intermedia, McLeodUSA, GST Telecommunications, Brooks Fiber Properties, American Communications Services, Inc., Hyperion Telecommunications, Winstar, and Electric Lightwave, Inc [Nasdaq:ELIX - news]. The report shows that the CLECs experienced tremendous growth in 1997, with estimated revenues ranging from $7.97 million to $859.99 million and cumulative annual growth rates averaging greater than 70 percent over 1996 revenues.
''We're pleased to have such a strong presence in the CLEC market,'' said David Markowitz, director of Ascend's Competitive Access Provider Channel Marketing. ''As the CLECs push the technology curve with Ascend equipment, they are building their networks, their operations, and their revenues, as we see in this IDC study. The CLECs are making good on the promise of becoming a huge growth sector within the telecommunications industry.''
According to IDC Analyst Melanie A. Posey, ''The growth in the CLEC market has been driven by alliances, investments, acquisitions, geographic-cluster-based network strategies, and launches of switched and data services. The CLECs are finding a great deal of success with these strategies.''
The top CLECs in the IDC list represent 68 percent of the CLEC market share. Ascend's remote networking products are being used to deploy state-of-the-art digital communications infrastructures that will form the basis for communications in the next century. The Ascend remote networking products being used include Ascend's market-leading MAX TNT access concentrator, both B-STDX and CBX broadband Frame Relay and ATM switches, as well as Ascend's GRF, DSLTNT, and Pipeline products.
About IDC
International Data Corporation (IDC) and its subsidiary, IDC/LINK, are the world's leading providers of information technology data, analysis, and consulting. With research centers in more than 40 countries and more than 300 research analysts worldwide, IDC is uniquely positioned to provide a global perspective on IT market and technology trends.
About Ascend Communications
Ascend Communications, Inc. develops, manufactures, and sells wide area networking solutions for telecommunications carriers, Internet service providers, and corporate customers worldwide. For more information about Ascend and its products, please visit the Ascend web site at www.ascend.com, or send e-mail to info@ascend.com. |