Covad Continues Expansion of High-speed Broadband Network for Fast, Always-On Internet Access in Bell South Region.Business Editors & High Tech Writers SANTA CLARA Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif.--(BUSINESS WIRE)--June 7, 2000 Covad Communications (Nasdaq:COVD COVD College of Optometrists in Vision Development COVD Covad Communications Group (stock symbol) ), the leading national broadband services provider utilizing Digital Subscriber Line See DSL. (communications, protocol) Digital Subscriber Line - (DSL, or Digital Subscriber Loop, xDSL - see below) A family of digital telecommunications protocols designed to allow high speed data communication over the existing copper telephone lines between end-users and (DSL DSL in full Digital Subscriber Line Broadband digital communications connection that operates over standard copper telephone wires. It requires a DSL modem, which splits transmissions into two frequency bands: the lower frequencies for voice (ordinary ) technology, today announced the availability of its high-speed, always-on broadband services in Charlotte, N.C, Greensboro, N.C., Memphis, Tenn., and Nashville, Tenn. "Our aggressive expansion into the Bell South region enables users in these growing, tech-savvy areas to unleash the full power of the Internet," stated President and General Manager Tom Wagner. "With the high level of Internet users already in place in these four cities, we feel strongly that there will be a high rate of conversion from dial-up Internet access See dial-up. to DSL." By providing fast, seamless DSL access over already-installed copper wires, Covad allows users to quickly and easily download streaming audio, video and other high-bandwidth applications, all without having to dial up through phone lines, wait for a connection or redial In telecommunication, an automatic redial is a service feature that allows the user to dial, by depressing a single key or a few keys, the most recent telephone number dialed at that instrument. after a busy signal. Covad DSL service will ultimately be made available to more than 37,000 business and 321,000 households in Charlotte; 28,000 businesses and 242,000 households in Greensboro; 29,000 businesses and 275,000 households in Memphis; and 35,000 businesses and 306,000 households in Nashville. Covad sells DSL services through both local and national Internet Service Providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. (ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. ) across the nation. To order Covad DSL or check service availability, residents in Charlotte, N.C, Greensboro, N.C., Memphis, Tenn., and Nashville, Tenn., should go to http://www.covad.com/specialvalue.cfm and find the service that best fits their needs. This expansion into the Bell South region further builds out Covad's leading nationwide network. With more than 100,000 DSL lines nationwide, Covad has the largest broadband network of any data local exchange carrier. Covad offers two products: TeleSpeed(R) service, targeted to businesses; and TeleSurfer(SM), appropriate for households. Covad DSL provides connectionsup to 50 times faster than 28.8K modems and Covad's dedicated single-userconnections provide an always-on connection that is more flexible than cable modems. About Covad Covad is the leading national broadband services provider of high-speed Internet and network access utilizing Digital Subscriber Line (DSL) technology. It offers DSL, IP and dial-up services through Internet Service Providers, telecommunications carriers, enterprises, affinity groups, PC OEMs and ASPs to small and medium-sized businesses and home users. Covad services are currently available across the United States in 74 of the top Metropolitan Statistical Areas (MSAs) and are expected to be available in 100 MSAs by the end of 2000. At that time, Covad's network will reach more than 40 percent of all US homes and 45 percent of all US businesses. Corporate headquarters is located at 2330 Central Expressway, Santa Clara, CA 95050. Telephone: 1-888-GO-COVAD. Web Site: www.covad.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 The statements contained in this release which are not historical facts may be deemed to contain forward-looking statements, including but not limited to statements regarding the intention to deploy our network in new and existing MSAs, the timing and breadth of coverage in each MSA (Metropolitan Service Area) An urban area with at least 50,000 people plus surrounding counties. There are 306 MSAs and 428 RSAs (rural service areas) in the U.S. MSAs and RSAs are used to allocate cellular licenses. , and our ability to provide high-quality, media-rich content. Actual results may differ materially from those anticipated in any forward-looking statements as a result of certain risks and uncertainties, including, without limitation, the company's dependence on incumbent local exchange carriers for collocation, unbundled network elements, transport and other facilities, development of necessary technologies and operations, ability to manage growth of our operations, and the need to raise additional capital. For other risks and uncertainties applicable to our business refer to the Company's Securities and Exchange Commission filings. |
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