Another CLEC announces ADSL deployment.
I've sent Moneypenny to Chicago to find out who's ADSL they're using. :)
<<<
USN Communications Announces Next Step in Growth Strategy at Annual Meeting: ADSL Internet Access Deployment
PR Newswire - May 29, 1998 09:25
USNC %TLS %MLM %PDT V%PRN P%PRN
------------------------------------------------------------------------
Jump to first matched term
USN Begins "Smart Build" Development
CHICAGO, May 29 /PRNewswire/ -- USN Communications, Inc. (USN) (Nasdaq: USNC), one of the largest and fastest growing independent competitive local exchange carriers, announced today at its annual meeting its next step in the company's growth strategy: the deployment of high speed Asymmetrical Digital Subscriber Line (ADSL) connections for Internet access.
"USN has always meant innovative product integration, and to date we have exercised a "smart buy" strategy to acquire and provide these integrated products," said J. Thomas Elliott, chairman, president and CEO, USN Communications. "ADSL is a new product offering that meets the increasing data needs of our 28,000 plus small business customers, and it is the perfect product to launch our "smart build" development strategy."
"In acquiring and serving USN's thousands of small business customers, we have developed and demonstrated not only strong sales and marketing strengths, but also, and equally important, the necessary backoffice carrier systems and customer service core competencies required for a successful "smart build" deployment. Our ADSL roll-out will be very success-based, focusing initially on the high density customer clusters we have intentionally created by our targeted sales efforts. We expect the service to be available on a trial basis by the fourth quarter of 1998."
To head the operational development of USN's platform, the company named Steve Parrish, currently executive vice president of operations, to the new role of executive vice president of platform development. Mr. Parrish is a seasoned industry veteran. He has more than 20 years of operations management with Ameritech, where he concentrated on the operational issues associated with launching new products, including Ameritech's Integrated Services Digital Network (ISDN), prior to joining USN three years ago.
USN is currently evaluating the capital needs associated with the ADSL deployment. The company believes that it will access the debt capital markets to execute the deployment.
During the annual meeting, USN's chairman also noted the company's continued growth, as evidenced by the company provisioning its 250,000th local access line during the second quarter. USN currently provides local and long- distance telecommunications services in Connecticut, Illinois, Indiana, Maryland, Massachusetts, Michigan, New Hampshire, New York, Ohio, Rhode Island, and Wisconsin.
One of the first competitive carriers to offer integrated local and long- distance services, USN Communications is one of the largest and fastest growing independent competitive local exchange carrier. The company offers a bundled package of telecommunications products, including local and long distance telephony, cellular, voicemail, paging, teleconferencing, USN Power Communicator "follow me" service, Internet access and other enhanced telecommunications services, tailored to meet the needs of its customers. Headquartered in Chicago, USN Communications was founded in 1994 and currently provides service in more than 40 states. For more information on USN Communications, visit the USN World Wide Web site at www.usncomm.com.
The statements made in this press release may be forward-looking in nature. Actual results may differ materially from those projected in forward- looking statements. USN believes that its primary risk factors include, but are not limited to: the number and size of competitors in its markets; law and regulatory policy; dependence on technology and third parties, including provisioning and billing systems and services; and the mix of products and services offered in its target markets. Additional information concerning these and other potential important factors can be found in USN's SEC filings. USN undertakes no obligation to update publicly any forward-looking statements whether as a result of new information, future events or otherwise. Any statements should be evaluated in light of these important factors.
SOURCE USN Communications, Inc.
/CONTACT: Investors, Debra O'Shea, Director, Investor Relations,
312-906-3774; Media, Kathy Mattson, Corporate Communications, 312-906-3575,
both of USN Communications/
/Company News On-Call: prnewswire.com or fax, 800-758-5804,
ext. 121624/
/Web site: usncomm.com >>>> |
