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To: Stephen B. Temple who wrote (2056)	12/8/1998 8:58:00 PM
From: Stephen B. Temple	Respond to of 3178

NewSouth CLEC Gets $50 Million Funding December 8, 1998 GREENVILLE, SOUTH CAROLINA, U.S.A.: NewSouth Communications Corp., a switch-based CLEC(competitive local exchange carrier) has received a secured funding commitment of $50 million from Newcourt Capital. The move will allow the CLEC to continue with its rollout in the South Carolina region. According to company officials, the secured credit facility will be used to fund its capital expenditures and working capital through 1999, and allow it to continue its switch installation schedule as previously planned. Michael L LaFrance the firm's president, said that the commitment by allows NewSouth to complete the initial phases of its market build-out unabated. The finding commitment is a positive sign that private CLECs are able to secure enough business to make them viable, Newsbytes notes. The good news is that such CLECs are now allowing telephone users in many areas of the US to turn to alternative suppliers for their local loop telephony services. Newsbytes notes that NewSouth is a regional CLEC that uses Lucent's AnyMedia 5ESS-2000 switches. The CLEC currently offers services in Greenville, South Carolina and Nashville, Tennessee, and is actively expanding its network and installing additional advanced digital switches to serve new markets, including New Orleans, Orlando, Tampa, Jacksonville, Atlanta, Charlotte, and Ft. Lauderdale. According to the firm, it plans to deploy digital switches in all nine states in the BellSouth region. The CLEC's Web site is at newsouth.com . Reported by Newsbytes News Network, newsbytes.com . (19981207/Press Contact: Susanne Hite, NewSouth 864-672-5097 /WIRES TELECOM, BUSINESS/) [Copyright 1998, NewsBytes]