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

To: JB who wrote (217)	1/23/1999 9:02:00 AM
From: BostonView	Respond to of 720

Competition is healthy (especially for RCN): BV Court Rules RCN Free to Aggressively Expand Its Boston-Area Fiber Optic Network Federal Judge Denies Cablevision Bid To Stifle Local Competition BOSTON, Jan. 22 /PRNewswire/ -- A federal district judge in Boston today refused to issue an injunction to interfere with RCN Corporation's (Nasdaq: RCNC - news) aggressive network expansion as a provider of competitive phone, cable and Internet services to Boston-area residents. RCN operates in the Boston market through a joint venture with Boston Edison Co. Judge Mark Wolf's ruling came in response to a suit filed last month by Cablevision of Boston, Inc., the latest attempt by the former monopoly cable provider to thwart the arrival of competition in the city of Boston and surrounding areas in the form of the RCN-Boston Edison joint venture. ''Today's ruling is a victory not only for RCN, but for all Boston-area residents who are clearly and forcefully demanding local phone and cable competition,'' said RCN Chairman and CEO David C. McCourt. ''History has shown that competition empowers consumers, resulting in vastly better value. We are proud to be serving as the vehicle for this empowerment in this and other markets, providing residential customers, in increasing numbers, the ability to choose their phone and cable providers.'' Cablevision last month filed suit seeking to block construction of RCN's state-of-the-art fiber optic network within the city of Boston by alleging that RCN and Boston Edison violated city ordinances and bypassed normal procedures. In an oral announcement from the bench today, Judge Wolf denied Cablevision's request for a preliminary injunction to stop RCN's expansion in the Boston market. Judge Wolf said he expected to follow his oral ruling with a formal written opinion within the next week, and further commented that RCN had fully complied with all applicable regulations and that Cablevision had little likelihood of succeeding in its case against RCN and Boston Edison if it chose to proceed. ''This suit was just another in a long line of attempts by Cablevision to delay the arrival of competition through legal maneuvers,'' McCourt said. ''There is a demand for RCN's services, and a new network to the home capable of delivering those services and more. Everyone but the monopolists recognizes this need.'' RCN Corporation (Nasdaq: RCNC - news) is the nation's first and largest single- source, facilities based provider of telecommunications services to the residential market, the Northeast's largest regional Internet service provider (ISP) and the nation's seventh largest ISP. The company is currently providing local and long distance phone, cable television and Internet services in several markets from Boston to Washington, D.C. RCN has expanded its target market to include California's San Francisco to San Diego corridor. Additional information about RCN's services may be found on the company's web site at www.rcn.com. SOURCE: RCN Corporation