Broadwing Wins CLEC Approval in New York; Customers to Benefit from Combination of Broadwing's Local and National Expertise.Business Editors AUSTIN, Texas--(BUSINESS WIRE)--Aug. 8, 2000 Broadwing Communications, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Broadwing Inc. (NYSE NYSE See: New York Stock Exchange :BRW BRW Business Review Weekly (business magazine; Melbourne, Victoria, Australia) BRW Business Report Writer BRW Barrow, AK, USA - Barrow (Airport Code) BRW Business Requirement Worksheet ), announced today that it has received formal approval from the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Public Utility Commission to operate as a competitive local exchange carrier (CLEC (Competitive Local Exchange Carrier) An organization offering local telephone service that is not one of the traditional telephone companies. The Telecommunications Act of 1996 allowed competition to the incumbent telcos (ILECs), enabling new companies (CLECs) ) in the state of New York. Under the terms of the filing, Broadwing is free to compete for local voice and data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. traffic in New York. "Customers are telling us they are looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. more than just connectivity," said Rick Pontin, president and COO of Broadwing Communications. "They are looking for superior network performance, supporting bundled and integrated applications, backed by a commitment to customer service and accountability. Only Broadwing can bring all of these elements together for customers." As a CLEC, Broadwing is poised to offer small and medium-sized businesses, traditionally under-served by the incumbent providers, a wide range of advanced broadband and Internet services as well as voice telephony. About Broadwing Broadwing Communications is a wholly owned subsidiary of Broadwing Inc (NYSE:BRW). Broadwing combines unparalleled customer service with the industry's most advanced and flexible 18,000 mile next-generation fiber optic network and award-winning IP backbone, to create data and Internet solutions that are innovative, reliable, and provide businesses a competitive advantage. Broadwing will be the first provider with a fully-deployed optical network and sets the standard for customer accountability with the industry's only Installation Guarantee. Headquartered in Cincinnati, Ohio and Austin, Texas with 6,000 employees in 52 sales and service offices across the country, Broadwing can be found on the Web at www.broadwing.com. Note: Information included in this news release contains forward-looking statements that involve potential risks and uncertainties. Broadwing's future results could differ materially from those discussed herein. Factors that could cause or contribute to such differences include, but are not limited to, Broadwing's ability to maintain its market position in communications services, and its ability to develop and successfully launch new products and services. More information on potential risks and uncertainties is available in the company's recent filings with the Securities and Exchange Commission, including Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. reports for Broadwing Inc. and Broadwing Communications. |
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