Covad Expands High-Speed Broadband Network in US West Territory.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)--July 5, 2000 Fast, Always-on Internet Access Now Available for Household Consumers and Businesses in Santa Fe and Las Cruces, N.M. 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, announced that it is expanding the availability of its high-speed, always-on DSL service to Santa Fe and Las Cruces, N.M. "Covad's presence in the southwest is part of Covad's planned expansion," said Tom Wagner, Covad's Western region president and general manager."Consumers and small businesses in Santa Fe and Las Cruces now have access to Covad's broadband services as DSL provides a new and enhanced Internet experience where streaming media and video on demand are a reality." With Covad's services, people in New Mexico will now be able to access the full potential of the Internet without the inconvenience of busy signals, dial-up time, and slow connection speed. Applications such as streaming audio and video as well as expeditious ex·pe·di·tious adj. Acting or done with speed and efficiency. See Synonyms at fast1. ex downloads will now be easily facilitated through the power of a broadband connection. Covad's services will ultimately be made available to more than 7,000 businesses and 42,000 households in Santa Fe. In addition, Covad's services will be available to 3,000 businesses and 42,000 households in the Las Cruces area. Covad sells its 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. Covad's services have been available in Albuquerque since January, 2000. Expanding into Santa Fe and Las Cruces brings Covad's services to more than 33,000 businesses and 280,000 households in the state of New Mexico. With more than 100,000 DSL lines installed nationwide, Covad has the largest high-speed network of any data local exchange carrier. Covad's expansion in New Mexico exemplifies the company's commitment to unparalleled quality and accessibility in providing national broadband Internet access Broadband Internet access, often shortened to just "broadband", is high speed Internet access—typically contrasted with dial-up access over modem. Dial-up modems are generally only capable of a maximum bitrate of 56 kbit/s (kilobits per second) and require the full use of a . Covad offers two products: TeleSpeed(TM)service, targeted to businesses; and TeleSurfer(SM), appropriate for households. Covad DSL provides connections up to 50 times faster than 28.8K modems and Covad's dedicated single-user connections 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 83 of the top Metropolitan Statistical Areas (MSAs). Once Covad's acquisition of BlueStar Communications is complete, Covad's services will be available in 100 MSAs. Covad services are expected to be available in 165 MSAs by the end of 2000. At that time, Covad's network will reach more than 45 percent of all US homes and 50 percent of all US businesses. Corporate headquarters is located at 4250 Burton Drive, Santa Clara, CA 95050. Telephone: 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 deliver audio, video and other high-bandwidth applications. 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. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion