CTC Communications Now Certified for Local Dial Tone Services in Syracuse, New York.Business/Technology Editors WALTHAM, Mass.--(BUSINESS WIRE)--June 17, 2002 The Company Activates Local Dial Tone for Syracuse Businesses on its Packet-Based PowerPath(R) Network and is Migrating Existing Customers to Its Company Owned Fiber Facilities CTC CTC - Cornell Theory Center Communications Group Inc. (CTC) (Nasdaq NM: CPTL CPTL Compagnie des Pétroles Total Libye (Total SA Group Affiliates) CPTL Center for Trade Policy and Law (Carleton University; Ottawa, Canada) ) announced it is now providing customers local dial tone services through access to its high-speed fiber via the Company's packet-based PowerPath(R) Network for customers in the Syracuse, New York
Syracuse (IPA: area. Robert J. Fabbricatore, Chairman of the Board and Chief Executive Officer of CTC, reported that Syracuse, joins Rhode Island Rhode Island, island, United States Rhode Island, island, 15 mi (24 km) long and 5 mi (8 km) wide, S R.I., at the entrance to Narragansett Bay. It is the largest island in the state, with steep cliffs and excellent beaches. , Maine, Massachusetts, New Hampshire New Hampshire, one of the New England states of the NE United States. It is bordered by Massachusetts (S), Vermont, with the Connecticut R. forming the boundary (W), the Canadian province of Quebec (NW), and Maine and a short strip of the Atlantic Ocean (E). , Buffalo and Albany 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 , as the latest market in which CTC is offering packet-based local dial tone services. He stated that the Company is nearing completion of its fiber installations progressively throughout its footprint 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. . As completed, the Company adds local dial tone services in its targeted markets and expects that deployment will be completed by this fall. Mr. Fabbricatore commented, "With the activation of local dial tone services in Syracuse, CTC now has substantial coverage of all major upstate New York Upstate New York is the region of New York State north of the core of the New York metropolitan area. It has a population of 7,121,911 out of New York State's total 18,976,457. Were it an independent state, it would be ranked 13th by population. markets with Company owned fiber facilities and a full portfolio of on-net products for medium and larger business customers." Fabbricatore continued, "CTC will be actively engaged in providing local dial tone services this summer in New Jersey and Metro New York as we continue to execute the strategy of reaching out to customers with our own fiber facilities and migrating CTC local dial tone services to our PowerPath(R) Network. CTC customers save an average of 25% by using our local dial tone services rather than purchasing the same services from an incumbent phone company. Our customers are also able to lower costs on other network expenses due in part to our truly integrated solution for their local dial tone, toll calling, data services and Internet access See how to access the Internet. ." Fabbricatore concluded, "As CTC executes on customer migration from our off-net platform to the PowerPath(R) Network, CTC has been able to improve margins on billing revenue from 20% to over 60% and continue to build on our positive EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become performance for the month of March. This strategy incorporates the benefits of CTC's packet based network infrastructure and our business plan and by adding our dedicated customer care professionals and knowledgeable Account Executives it makes it apparent why more medium and larger sized customers are electing to do business with CTC." About CTC Communications CTC is a rapidly growing "next generation" Integrated Communications Carrier utilizing advanced technology and providing its customers with converged voice, data, Internet and video services on a broadband, packet-based network, called the PowerPath(R) Network. The Company serves medium and larger business customers from Virginia to Maine, which includes the most robust telecommunications region in the world--the Washington D.C. to Boston corridor. CTC was managing more than 607,000 access lines as of March 31, 2002. CTC's Cisco Powered IP+ATM packet network and its 450 member sales and service teams, provide contiguous marketing and technology coverage throughout the Northeast and Mid-Atlantic States. The Company, through its dedicated commitment to exceptional customer service, has achieved an industry-leading market share in the Northeast. CTC can be found on the worldwide web at www.ctcnet.com. The statements in this press release that relate to future plans, events or performance are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve risk and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements including the provision of local dial tone voice services, reduced costs to customers and reduced Company operating costs operating costs npl → gastos mpl operacionales , migration of customer's on-net and improved margins and achieve forecasted numbers and become a successful and profitable organization. Readers are, accordingly, cautioned not to place undue reliance on these forward-looking statements. Additional information about these risks and uncertainties is set forth in the Company's most recent report on Forms 10-K and 10-Q. CTC undertakes no obligation to release publicly the results of any revisions to these forward-looking statements that may be made to reflect results, events or circumstances after the date hereof. |
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