Printer Friendly
The Free Library
19,607,059 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

CTC Expands the Reach of its Fiber Network in Massachusetts by Adding 11 New Fiber Access Locations.


Business/Technology Editors

WALTHAM, Mass.--(BUSINESS WIRE)--Sept. 25, 2001

--Fiber Based Customer Access to CTC's PowerPath(SM) Network

Substantially Increased--

CTC CTC - Cornell Theory Center  Communications (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
 NM: CPTL CPTL Compagnie des Pétroles Total Libye (Total SA Group Affiliates)
CPTL Center for Trade Policy and Law (Carleton University; Ottawa, Canada) 
)-- today announced that it has added 11 new fiber access locations in Massachusetts. The Company now has 13 fiber access locations providing Massachusetts' customers with lower cost, higher reliability fiber access to its packet-based PowerPath(SM) Network.

The new fiber access locations are at Harrison Avenue in downtown Boston, Cambridge, Malden, Salem, Quincy, Brockton, Fall River, Hyannis, Lawrence, Worcester and Pittsfield. On-net customers in these areas will utilize this high speed, fully redundant, fiber access to CTC's PowerPath(SM) Network.

Existing CTC customers in these locations will be moved from currently 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 fiber and all new network customers will utilize this new fiber access to CTC's PowerPath(SM) Network. This customer re-homing process will repeat as the Company continues to add fiber access nodes throughout its operating area.

CTC's metropolitan and local fiber implementation is included in its fully funded business plan and is one of the key components enabling the Company's attainment of 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  positive results by year end 2001. It reduces the Company's dependence on leased interoffice facilities, improves provisioning intervals from approximately 90 days to 30 days and significantly reduces network costs by minimizing leased facility expense and improving operating efficiency.

CTC purchased both long haul Long distance. Long haul implies traversing a state or a country. Contrast with short haul.  and metro/suburban dark fiber under 20 year Irrefutable irrefutable - The opposite of refutable.  Right of Use (IRU Iru (ī`r), in the Bible, Caleb's eldest son. ) Agreements in late 2000 and 2001 from a variety of dark fiber suppliers. The Company is progressively taking delivery of this dark fiber, "lighting it up" using Cisco optronics and will be providing fiber access to its network in over 60 locations throughout the New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt.  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.
 by year end 2001.

Bob Fabbricatore, CTC's Chairman and 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.  stated, "Moving the power of our packet-based PowerPath(SM) Network and readily available high level bandwidth progressively closer and closer to our customer's locations is a cornerstone of our marketing and technology plan. Owning and operating the underlying fiber in our network provides CTC with the tools to effectively manage network costs while keeping pace with escalating demand for bandwidth, new applications delivery and improved speed to market. Fiber is an all around winner and a key component of the Company's technology mosaic that enables rapidly increasing on-switch customers and moving to profitability".

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. 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 535,000 access lines as of June 30, 2001.

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 that involve risk and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements including the deployment and activation of fiber access to the PowerPath(SM) network. reduced operating costs operating costs nplgastos mpl operacionales , migration of customers on-switch, improved margins, and attainment of positive EBITDA. 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 10Q. 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.
COPYRIGHT 2001 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Sep 25, 2001
Words:655
Previous Article:New York Life Provides $1.5 Million Television Advertising Time to American Red Cross; Company Produces Two Public Service Announcements To Support...
Next Article:Otis Elevator Co. Forms New Unit Focused On Leveraging Global Escalator Expertise.
Topics:



Related Articles
CTC Communications' ICN Network is Operational.
CTC Communications Group Reports Record Revenue and Operating Results for 4th Quarter and FY2000.
TelePlace: Complex Hosting Solutions.
CTC Communications Announces Fully Funded Local Fiber Build-Out Plan; High Bandwidth Core Fiber Network to be Extended to Verizon Local Switching...
CTC Communications Group Reports Record Revenue and Operating Results for the Quarter, the Nine Months and the Pro-forma Year Ended December 31;...
CTC Communications Activates Fiber Network in Springfield Massachusetts; PowerPath Customers in Springfield Area Now Utilizing CTC's High Capacity...
CTC Communications 'Lights Up' Fiber Network in Southern New Hampshire; New Hampshire Customers Now Have High Capacity Fiber Access to the PowerPath...
CTC Communications Group Reports Record Revenue and Operating Results for the Quarter Ending June 30, 2001.
CTC Communications Activates Fiber Network in Boston, Massachusetts; PowerPath Customers in Downtown Boston Now Utilizing CTC's High Capacity Fiber.
CTC Communications Group Reports Record Revenue and Operating Results for the Quarter Ending September 30, 2001.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles