Covad Extends High-Speed Broadband Network to Columbus and Dayton; Both Household Consumers and Businesses Now Able to Access the Internet With Fast, Always-On Connection.Business Editors/High-Tech Writers COLUMBUS and DAYTON, Ohio--(BUSINESS WIRE)--May 18, 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 Columbus and Dayton, Ohio Dayton is a city in southwestern Ohio, United States. It is the county seat and largest city of Montgomery County. As of the 2005 census estimate, the population of Dayton was 158,873. . The service will ultimately be made available to more than 70,000 businesses and 669,000 household users in the Columbus and Dayton areas. 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, Columbus and Dayton residents should go to http://www.covad.com/specialvalue.cfm and find the service that best fits their needs. "Our recent Cleveland expansion combined with this new presence in Dayton and Columbus gives Covad a very strong position in a high growth market," said Tom Wagner, president and general manager for Covad's Central Region. "Covad's Ohio network is now expected to cover 135,000 businesses and 1.2 million homes, and we anticipate these numbers will continue to grow as Covad expands into other Ohio areas." Entrance into the Columbus and Dayton markets follows Covad's recent announcement of installing more than 100,000 DSL lines nationwide. No other competitive local exchange carrier has reached this DSL milestone and the figure represents a 75 percent growth rate since December 31, 1999. By providing seamless DSL access over already-installed copper phone wires, Covad allows users to quickly and easily surf the Internet without dialing up through phone lines, waiting for a connection or redialing after a busy signal. "Whether a local business person streams a video conference call with sales representatives across the country or a Ohio State University Ohio State University, main campus at Columbus; land-grant and state supported; coeducational; chartered 1870, opened 1873 as Ohio Agricultural and Mechanical College, renamed 1878. There are also campuses at Lima, Mansfield, Marion, and Newark. student does Internet research This article is about using the Internet for research; for the field of research about the Internet, see Internet studies. Internet research is the practice of using the Internet, especially the World Wide Web, for research. for an assignment, high-speed Internet access offers the ultimate online experience," said Wagner. "Through its ISPs, Covad is dedicated to providing an alternative choice for Internet users in Dayton and Columbus." Covad offers two products: TeleSpeed(R) 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 66 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 An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Reform Act 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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