Covad Expanding Network to 40 Percent of U.S. Homes and Businesses; Coverage Will Expand to 100 of the Top MSAs in the Country.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)--Sept. 2, 1999-- Covad Communications (Nasdaq:COVD COVD College of Optometrists in Vision Development COVD Covad Communications Group (stock symbol) ), a leading broadband access See broadband and wireless broadband. and service provider, today announced expansion plans which will bring 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 )-based services to 40 percent of the homes and businesses in the country. This expansion adds 49 additional metropolitan statistical areas (MSAs) and 19 additional states to Covad's national services coverage. Covad is operational today in 51 MSAs and this expansion will bring Covad's network coverage to 100 of the top MSAs in the U.S. Covad is already building its network in three of the newly announced MSAs, which will expand services in current regions. Network build out is expected to be complete by the end of 2000. "Last mile access to customers is the most valuable asset in the telecommunications industry and Covad has the largest network of any national DSL provider," said Robert Knowling, Covad's president and chief executive officer. "By the end of 2000, no other broadband access provider will have Covad's reach." -0-
In the Pacific Northwest, Covad will expand broadband capabilities to:
Washington - Bremerton and Olympia
Expansion in the Pacific Southwest will include extending broadband
services to:
California - Santa Barbara and Ventura
Nevada - Las Vegas
In the Rocky Mountain region, network expansion will bring broadband
capabilities to:
Utah - Provo and Salt Lake City
Colorado - Colorado Springs
Network expansion in the Southwest will bring service to:
Arizona - Tucson
New Mexico - Albuquerque
Oklahoma - Oklahoma City
Texas - San Antonio
Network expansion in the Central United States will bring broadband
capabilities to:
Indiana - Indianapolis
Kentucky - Louisville
Michigan - Grand Rapids
Missouri - St. Louis and Kansas City
Ohio - Akron, Cincinnati, Cleveland, Columbus, and Dayton
Wisconsin - Milwaukee
In the South, Covad's network expansion will extend services into:
Alabama - Birmingham
Florida - Tampa, Jacksonville, and Orlando
Louisiana - New Orleans
North Carolina - Charlotte and Greensboro
Tennessee - Nashville and Memphis
In the Eastern region, the network will be expanded to provide
broadband access to:
Connecticut - Bridgeport, Danbury, Hartford, New Haven and Stamford
New Jersey - Trenton
New York - Albany, Buffalo, Dutchess County, Rochester, and Syracuse
Pennsylvania - Harrisburg and Pittsburgh
Rhode Island - Providence
Virginia - Norfolk and Richmond
West Virginia - Charleston
-0- Covad's DSL services use standard copper telephone wires to provide fast, secure Internet or corporate network access for businesses and consumers. Since a DSL connection DSL connection n (Comput) → DSL-Anschluss m is "always on," the need to dial-in each time a user wants to browse the Internet or download email is eliminated, along with the delays, busy signals, non-connects, and disconnects that are typical with dial-up and ISDN ISDN in full Integrated Services Digital Network Digital telecommunications network that operates over standard copper telephone wires or other media. services. With data connections up to 50 times faster than 28.8K modems, Covad's TeleSpeed(R) service is a great solution for businesses. For home users, Covad's TeleSurfer(SM) service provides users with connections up to 25 times the speed of most dial-up solutions, providing the highest quality and widely available residential option for high-speed Internet See broadband. access. TeleSurfer provides residential users privacy, flexibility and reliability advantages over the services offered through cable companies. Unlike cable companies that use a shared line between neighbors, a connection through Covad is dedicated to a single user through a point-to-point network. Covad also offers a Virtual Private Network over DSL solution for companies that desire security, speed and reliability for branch offices and teleworkers. Covad's TeleSpeed Remote service allows businesses to set up true private networks between each of their locations without using the Internet. Covad makes ordering DSL fast and easy from any computer through Covad xLink(TM) (pronounced "crosslink") software. About Covad Covad Communications is a leading broadband access and services provider of high-speed Internet and network access. It offers DSL services through 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. to small and medium-sized businesses and home users, and direct to large enterprise customers. Covad services are currently available leading Metropolitan Statistical Areas (MSAs) across the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Covad Communications and its affiliates, doing business as Covad Communications Company Communications Company is a communications unit of the United States Marine Corps. They are part of Combat Logistics Regiment 37 , 3rd Marine Logistics Group (3MLG) and III Marine Expeditionary Force (III MEF). The unit is based out of the Marine Corps Base Camp Smedley D. , are wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Covad Communications Group, Inc. (Nasdaq:COVD). Corporate headquarters is located at 2330 Central Expressway The following roads are named Central Expressway:
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, deployment, scalability and integration of the company's network in new and existing regions and the timing and breadth of coverage in each region. 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 strategic third parties to market and resell its services, intense competition for the company's service offerings, dependence on growth in demand for DSL-based services, availability of collocation space, loops and facilities, ability to manage and scale operations, and other risks and uncertainties detailed in the company's Securities and Exchange Commission filings. The company disclaims any obligation to update information contained in any forward-looking statement. |
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