CTC Communications Now Offering Local Dial Tone Services in Albany, New York.Business/Technology Editors WALTHAM, Mass.--(BUSINESS WIRE)--May 29, 2002 -The Company Activates Local Dial Tone for Albany 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 Albany, New York For other uses, see Albany. Albany is the capital of the State of New York and the county seat of Albany County. Albany lies 136 miles (219 km) north of New York City, and slightly to the south of the juncture of the Mohawk and Hudson Rivers. area. Robert J. Fabbricatore, Chairman of the Board and Chief Executive Officer of CTC, reported that Albany, 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). and Buffalo, 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 where CTC is offering packet-based local dial tone services. He also stated that the Company is continuing to install its fiber progressively throughout its current 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. . The Company will then add local dial tone services in its target markets and expects that deployment will be completed by this fall. Mr. Fabbricatore commented, "CTC is wrapping up the migration of our current customer base in Albany from leased interoffice in·ter·of·fice adj. Transmitted or taking place between offices, especially those of a single organization: an interoffice memo; interoffice conferences. facilities to the Company's owned fiber and new customers are currently being placed directly onto the Company's packet-based PowerPath(R) Network. CTC owned fiber not only reduces the dependence on leased interoffice facilities, but also substantially reduces CTC's network costs, improves our operating efficiency and reduces our provisioning intervals from 90 to approximately 30 days. Albany joins Buffalo, in 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. , where we are now provisioning local dial tone services on our network. When local services were made available in Buffalo our customers added the new local service to their contract more than 60% of the time and when local services were chosen, they also selected our long distance services 98% of the time." Fabbricatore continued, "Local dial tone services combined with Company owned fiber facilities is integral to our business plan and establishes the CTC packet-based PowerPath(R) Network as a lower cost, 100% replacement for today's legacy voice and data networks. In addition, when a customer migrates from our off net service to our PowerPath(R) Network, CTC is able to reduce our customer costs while improving CTC margins from 20% to over 60%." 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, the deployment and activation of fiber access to the PowerPath(R) Network. reduced operating costs operating costs npl → gastos mpl operacionales , reduced costs to customers, migration of customer's on-net and improved margins. 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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