Covad Extends High-speed Broadband Network to Albany, Buffalo and Syracuse.Business Editors/High Tech Writers ALBANY, N.Y.--(BUSINESS WIRE)--June 1, 2000 Both Household Consumers and Businesses Now Able to Access the Internet With Fast, Always-on 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 Buffalo, Albany, and Syracuse, New York
Syracuse (IPA: The service will ultimately be made available to 75,000 businesses and 750,000 household users in the three 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, residents in Buffalo, Albany, or Syracuse should go to http://www.covad.com/specialvalue.cfm and find the service that best fits their needs. "When Covad entered New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. in 1998, it was one of the first true signs of the company becoming a national leader in broadband deployment," said Keith Markley, president and general manager for Covad's Eastern Region. "Now, only a short time later, we're expanding our network and our leadership position by offering services beyond major metropolitan cities and into areas like upstate New York Upstate New York is the region of New York State north of the core of the New York metropolitan area. It has a population of 7,121,911 out of New York State's total 18,976,457. Were it an independent state, it would be ranked 13th by population. ." Entrance into the Buffalo, Albany and Syracuse 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. 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. "Through ISPs, Covad is dedicated to providing an alternative choice for Internet users in Buffalo, Albany, and Syracuse," said Markley. "Instead of commuting to Manhattan for a presentation, imagine being able to efficiently stream the presentation from the comfort of your home office. That's the power of high-speed Internet connections with Covad DSL." 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 70 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 U.S. homes and 45 percent of all U.S. businesses. Corporate headquarters is located at 2330 Central Expressway, 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 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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