Con Edison Communications Expands Network to Bypass Manhattan via Staten Island and Completes Ring in Stamford, CT; Revenue Grows 19 Percent in First Half of 2005.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 -- Con Edison Communications(R) (CEC (Central Electronic Complex) The set of hardware that defines a mainframe, which includes the CPU(s), memory, channels, controllers and power supplies included in the box. Some CECs, such as IBM's Multiprise 2000 and 3000, include data storage devices as well. ), a subsidiary of Consolidated Edison This article is about the utility company in New York. For ComEd in Illinois, see Commonwealth Edison. Consolidated Edison, Inc. NYSE: ED is one of the largest investor-owned energy companies in the United States. , Inc. (NYSE NYSE See: New York Stock Exchange : ED), today announced that it continues to grow its network reach, revenue and customer base. CEC recently completed two important network expansions and today released statistics that show the company is maintaining strong momentum in the New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. area business market. Network Expansion CEC completed a network expansion through Staten Island Staten Island (1990 pop. 378,977), 59 sq mi (160 sq km), SE N.Y., in New York Bay, SW of Manhattan, forming Richmond co. of New York state and the borough of Staten Island of New York City. that enables it to offer customers services that can completely bypass Manhattan as well as provide east and west paths out of Manhattan. This highly sought after route to New Jersey opens up more of that state to CEC's customers, many of whom have located their back office facilities there. CEC also completed a ring in Connecticut that connects Greenwich and Stamford to CEC's network. The new ring provides customers along the route protected services back to CEC's network hub See hub and hub vs. switch. , located in Manhattan, and from there connectivity to more than 170 commercial buildings. Revenue Growth The network expansion comes at a time of strong revenue and customer base growth for CEC. CEC's first half 2005 revenues increased 19 percent over the same period in 2004. CEC's customer base also grew 18 percent during the first half of 2005 compared to the first half of 2004. The CEC network now services a total of 192 buildings with more than 564 route miles The number of miles that are spanned by a telecommunications network. It does not include combined wire mileage due to multiple wires or fibers within a single cable or by overlapping segments, just the total geographic distance between cities or other terminal points. of fiber-optic cable in the New York Metro For the region, see . Metro New York is a free daily newspaper in New York City started in 2004. Its main competition is AM New York, with which it practices many of the same distribution and marketing strategies. area. CEC will install approximately 45 additional miles of fiber-optic cable during the remainder of 2005. The number of new SONET and Ethernet rings increased by 24 percent and seven percent respectively over the first half of 2004. Meanwhile, the company reported it installed 1,388 circuits in the first six months, an increase of seven percent over the first half of 2004. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. JoAnn F. Ryan, president and chief executive officer of CEC, "Our strategy of expanding services to enterprise customers has proven to be a wise choice, as that sector's demand for communication services continues to grow. CEC's success in 2005 is driven from selling on-net services and offering competitive long-term contracts. The strategic network investments lay the groundwork for additional revenue opportunities. The Staten Island and Connecticut network expansions were strategic investments made to stimulate enterprise business within and beyond Manhattan. In addition, CEC's carrier sector continues to grow both in the number of carriers being served and the quantity of circuits under contract." About Con Edison Communications: Con Edison Communications (CEC), a subsidiary of Consolidated Edison, Inc. (NYSE:ED), offers a comprehensive range of broadband data communications products and services designed to meet today's demanding needs, including business continuity and disaster recovery. CEC designed and built the New York metro area's only truly diverse fiber-optic network. The company serves the enterprise and carrier markets. For additional information about CEC, visit the Company's website at www.conedcom.com. About Consolidated Edison, Inc: Consolidated Edison, Inc. is one of the nation's largest investor-owned energy companies, with $10 billion in annual revenues and $24 billion in assets. The company provides a wide range of energy-related products and services to its customers through its two regulated utility subsidiaries and its four competitive energy and telecommunications businesses. For additional financial, operations and customer service information, visit Consolidated Edison, Inc.'s website at www.conedison.com. All companies and products listed herein are trademarks or registered trademarks of their respective holders. |
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