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

To: toothid who wrote (68)	6/3/1998 9:29:00 AM
From: MangoBoy	Respond to of 720

[Qwest Announces Fiber Sale to RCN Corporation] DENVER--(BUSINESS WIRE)--June 3, 1998--Qwest today announced the signing of an agreement with Princeton, NJ-based RCN Corporation. Under the terms of the agreement, Qwest will provide fiber lines -- the physical network asset without electronics -- to RCN along certain East Coast segments of the Qwest nationwide Macro Capacity(SM) Fiber Network. "RCN is an innovative company, and we are very pleased to enter into this mutually beneficial agreement," said Joseph P. Nacchio, president and CEO of Qwest. "Purchasing fiber lines from Qwest's Macro Capacity Fiber Network will give RCN unprecedented reliability, quality and speed, enabling them to deliver state-of-the-art data, cable TV and voice services to their growing customer base."

To: toothid who wrote (68)	6/3/1998 9:33:00 AM
From: MangoBoy	Read Replies (1) \| Respond to of 720

[RCN Announces Fiber Purchase From Qwest Long-Haul Link Will Tie RCN's Local Networks From Boston To Washington] PRINCETON, N.J., June 3 /PRNewswire/ -- RCN Corporation, announced today that it had signed an agreement with Qwest Communications under which it will receive fiber lines -- the physical network without electronics -- from Qwest tying RCN's local networks from Boston to Washington, D.C. "This deal with Qwest allows RCN, which is building a state-of-the-art local fiber network, to connect to Qwest's state-of-the-art long-haul network," said David C. McCourt, Chairman and CEO of RCN. "It will allow us to put RCN voice, video and data traffic on a dedicated regional backbone that connects seamlessly to our local networks, while preserving our excellent record of speed to market." This dedicated fiber connectivity will be controlled, provisioned and monitored by RCN, allowing RCN the security that it can support the rapidly increasing demands for bandwidth throughout the region, particularly associated with its growing Internet business. RCN already has a significant volume of voice and data traffic from its growing customer base in the Boston to Washington corridor. "When we began to look at the issue of whether to build or acquire a regional network to connect all of RCN's markets from Boston to Washington, our original plan was to build, because we didn't think we would be able to acquire a long-haul network that met our extremely high local standards," said Mike Adams, President of RCN's Technology and Network Development Group. "Because the Qwest Macro Capacity Fiber network is designed with a highly reliable and secure bi-directional, line switching OC-192 SONET ring architecture, it will allow RCN to provide the level of service to which our customers are accustomed." RCN's Internet subsidiary and IBM Global Networks recently received the highest grades for Internet reliability in a national survey of 23 regional and national ISPs conducted by Inverse Network Technology of Sunnyvale, Calif. RCN expects to begin using the end-to-end, high-capacity, fiber link within 90 days. RCN's agreement with Qwest will allow it to realize favorable operating economics by migrating existing traffic now carried on expensive leased private line connections to its own fiber, and provisioning future traffic directly to its own fiber backbone. RCN Corporation (NASDAQ:RCNC) is the nation's first and largest single-source, facilities-based provider of telecommunications services to the residential market, and the largest regional Internet service provider (ISP) in the Northeast. The company is currently providing local and long-distance phone, cable television and Internet access to several markets from Boston to Washington, D.C.