Covad Extends High-Speed Broadband Network to Michigan.Business Editors & High Tech Writers GRAND RAPIDS Grand Rapids, city (1990 pop. 189,126), seat of Kent co., SW central Mich., on the Grand River; inc. 1850. The second largest city in the state, it is a distribution, wholesale, and industrial center for an area that yields fruit, dairy products, farm produce, , Mich.--(BUSINESS WIRE)--April 6, 2000 Both Household Consumers and Businesses Now Able to Access the Internet With Fast, Reliable Connection 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 Grand Rapids. People looking to receive Covad's DSL service can go to www.covad.com and select the local or national Internet Service Provider 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. ) of their choice. The initial offering will be made available to more than 25,000 businesses and 225,000 consumers in the Grand Rapids region. Covad currently also offers service in the Detroit area and plans to continue to extend its leading network to other parts of the state in the future. "Through our strong partnerships with ISPs, Covad offers DSL services that give customers dedicated and secure connections to the Internet," stated Regional President and General Manager Tom Wagner. "We think that once small businesses and households in the Grand Rapids area experience Covad DSL, they won't want to go back to their slow dial-up access hot Dial-up access is a form of Internet access via telephone line. The client uses a modem connected to a computer and a telephone line to dial into an Internet service provider's (ISP) node to establish a modem-to-modem link, which is then routed to the Internet. ." Wagner added that the seamless DSL access over already-installed copper phone wires allows users to surf the Internet without dialing up, waiting for a connection or redialing after a busy signal. Instead, Covad DSL allows businesses and household users to quickly and easily use the Internet. "Whether it's a teenager downloading their favorite song at home or a business professional streaming a video conference call, high-speed Internet See broadband. access is a must and Covad is the best choice," said Wagner. 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 dedicated single-user connections provide heightened reliability and flexibility when compared to cable modems. The recent acquisition of LaserLink.net, a leading provider of branded Internet access, will further expand Covad's service offerings by providing virtual Internet services for companies looking to leverage their brand and strengthen customer relationships through the Internet. 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 services through Internet Service Providers, telecommunications carriers, enterprises, PC OEMs and ASPs to small and medium-sized businesses and home users. Covad services are currently available across the United States in 63 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. Covad Communications and its affiliates, doing businesses as Covad Communications Company, are wholly-owned subsidiaries of Covad Communications Group, Inc. (Nasdaq:COVD). 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. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion