CTC Communications CEO Robert Fabbricatore talks to The Wall Street Transcript.Business Editors NEW YORK--(BUSINESS WIRE)--Sept. 25, 2000 The Wall Street Transcript A generic term for any kind of copy, particularly an official or certified representation of the record of what took place in a court during a trial or other legal proceeding. A transcript of record has published an in-depth interview with Robert Fabbricatore, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of CTC CTC - Cornell Theory Center Communications (Nasdaq:CPTL CPTL Compagnie des Pétroles Total Libye (Total SA Group Affiliates) CPTL Center for Trade Policy and Law (Carleton University; Ottawa, Canada) ), in which he talks at length about the companys future. The entire 4,500-word interview is available free online at http://www.twst.com/ceos.htm Fabbricatore gives an overview of the company. CTC is 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) ) providing the full array of voice and data services to medium- and larger-sized business customers in the Northeast and Mid-Atlantic States Mid-At·lan·tic States See Middle Atlantic States. Noun 1. Mid-Atlantic states - a region of the eastern United States comprising New York and New Jersey and Pennsylvania and Delaware and Maryland U.S.A. . The company owns and operates a next generation broadband carrier network and an 8,300-mile fiber network. Fabbricatore explains, CTCs PowerPath network is the next generation network we have all read and heard about, and CTC has it in and working today. It is all broadband, all packet-based, utilizes ATM+IP and is extended right to the customers location. Today, CTC provides converged long distance voice, data, Internet and video on the PowerPath network. When we migrate a customer to the network, the customer saves between 10% and 35% of their previous costs for these services and CTCs standard cost margins grow to over 50%. This is a huge win-win situation for the customer and for CTC. And, it underscores the capital and operating cost efficiency of this network. Looking forward, Fabbricatore states, The key here is once you have the lead, continue to maintain it. We intend to do just that, and we have fiber and data center initiatives under way that will position CTC, and our customers, to exploit the advantages of our PowerPath network, save a lot of money and excel in the emerging world of Web-based communications, information exchange and e-commerce. This interview is part of a 146-page Business Services Industry Issue available at http://www.twst.com/info/info177.htm or by calling (212) 952-7433. The Wall Street Transcript is a premier weekly investment publication serving serious long-term investors Long-term investor A person who makes investments for a period of at least five years in order to finance his or her long-term goals. for over 37 years. The Wall Street Transcript has launched a new free service where investors can ask CTC Communications (or any public company) a question at http://www.qawire.com. The Wall Street Transcript does not endorse the views of any interviewees nor does it make stock recommendations. For subscription information call (800) 246-7673. |
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