Covad Communications Broadens Service
Availability to New York and Boston and Announces
National Expansion
August 18, 1998
SANTA CLARA, Calif.--(BUSINESS WIRE) via
NewsEdge Corporation --
Company Begins Network Build-Out in 18
Additional Metropolitan
Areas
Covad Communications Company, the first
Packet Competitive Local Exchange Carrier
(PCLEC) and a leading provider of digital
communications services, today announced the
availability of its Digital Subscriber Line
(DSL)-based TeleSpeed(SM) service in both the
New York City and Boston metropolitan areas.
This expansion follows the successful
deployment of the TeleSpeed service in Northern
and Southern California, where the high-speed
data communications service is currently
available to over 1.9 million homes and
businesses.
Additionally, Covad announced that it has begun
to build the network and hire the senior
management team for deployment in 18 other
U.S. cities which include: Atlanta, Austin,
Baltimore, Chicago, Dallas, Denver, Detroit,
Houston, Miami, Minneapolis, Philadelphia,
Phoenix, Portland (Ore.), Raleigh, Sacramento,
San Diego, Seattle and Washington D.C.
With these 18 additional cities, Covad expects to
make its services available to over 20 million
homes and businesses by the end of 1999.
According to Covad President & CEO Bob
Knowling, "Now that we have both the human and
the financial resources in place to scale from
being a regional leader to being a national leader,
we are aggressively moving into all of the major
business centers across the U.S. Our goal is to
make Covad's TeleSpeed service available to over
5 million homes and businesses by the end of
1998 -- and we hope to far surpass this goal."
George Holland, vice president and general
manager of Covad's New York Tri-State Region
commented, "We are pleased to be accepting
orders today in all five boroughs of New York
City. Covad was the first CLEC to deliver a
DSL-based service in a major U.S. metropolitan
area, first to raise over $160 million dollars to
fund a true national expansion, and is now first to
be accepting orders simultaneously in both New
York City and Boston."
Jim Naro, vice president and general manager of
Covad's New England Region, added, "We plan
to continue to provide the broadest coverage of
DSL-based services in every region we enter. Our
blanket coverage strategy means our service will
be available to more homes and businesses in
Boston than any other DSL provider. Greater
coverage simply means more potential
customers for Covad and our Internet Service
Provider partners."
Covad's New York and Boston regional networks
are being built to serve over 4 million homes and
businesses in these two areas by the end of
1998.
The company is now accepting orders for service
in Staten Island, Queens, Bronx, Manhattan and
Brooklyn in New York City and in 10 cities in the
Boston metropolitan area.
About the TeleSpeed service
Covad's TeleSpeed service is a fast, affordable
digital communications service connecting
employees who work at home to the corporate
network and small- to medium-sized businesses
to their Internet Service Providers (ISPs) at
speeds of up to 1.5 Mbps.
At its top speed, Covad's TeleSpeed service is up
to 50 times faster than most dial-up modem
connections and 10 times faster than ISDN. And,
unlike dial-up services, there is no wait to
connect and no busy signals. Once installed, the
high-speed connection is always on and
available.
The TeleSpeed service is also a flat-rate service
with no usage charges -- eliminating costly,
unpredictable charges often associated with
ISDN and dial-up services.
Channel Partners
Covad offers its TeleSpeed service through a
network of Internet Service Providers (ISPs). ISPs
in the New York and Boston areas who partner
with Covad can offer the TeleSpeed service to
their business customers as an attractive
alternative to slow dial-up or expensive dedicated
offerings.
ISPs offer a one stop shopping solution for their
small- to medium-sized business customers
who, for the first time, are able to afford a fast,
dedicated connection to the Internet in lieu of
slower, more expensive dial-up services.
Current Covad ISP partners in Boston and New
York include AICS/BICnet, Concentric Network,
Connect2 Internet Networks, Inc., Cyber Access,
Eclipse Internet, Epoch Internet, Flashcom,
Media Log, MegaNet, NetWay by MDC, Inc.,
Network Innovations, Inc., Shore.Net and
ZIPLINK Internet.
About Covad Communications Company
Covad Communications is a Packet Competitive
Local Exchange Carrier (PCLEC) that provides
digital communications services to corporations
and Internet Service Providers that require greater
bandwidth and better support to meet the needs
of their internal and external customers. Covad
was the first PCLEC to deliver its Digital
Subscriber Line (DSL)-based services to the
market and is a leading competitive carrier
focused on high-bandwidth data communications.
Covad Communications' corporate headquarters
are located at 2330 Central Expressway., Santa
Clara, Calif., 95050. For more information
concerning Covad Communications Company
and the TeleSpeed(SM) service visit:
covad.com, or email
sales@covad.com. Telephone: 408/490-4500 or
1-888-GO-COVAD; FAX: 408/490-4501.
Safe Harbor Statement under the Private
Securities Litigation Reform Act of 1995: The
statements contained in this release which are
not historical facts may be deemed to contain
forward-looking statements, including but not
limited to statements regarding expected
deployment in additional cities, expected homes
and businesses passed, and the breadth of
coverage in each market. The occurrence of such
events involves risks and uncertainties, including,
without limitation, demand and competition for
the services and the products to be sold by the
Company, the continued availability to the
Company of adequate financing to support its
activities, the ability of the Company to meet the
timing of rollouts in the Boston and New York
areas and additional regions, and other risks and
uncertainties detailed in the Company's
Securities and Exchange Commission filings.
CONTACT: Sterling Communications, Inc. (for
Covad) | Erica Osman, 408/441-4100 |
eosman@sterlingpr.com
[Copyright 1998, Business Wire]
|
