Covad Introduces Internet Protocol Capabilities.Business Editors/High-Tech Writers SANTA CLARA, Calif.--(BUSINESS WIRE)--March 9, 2000 Provides Value-Added Broadband Services to Additional Distribution Channels; Juno, Prodigy, and 1stUp.Com are First to Sign Up for Bundled Service Covad Communications (Nasdaq:COVD COVD College of Optometrists in Vision Development COVD Covad Communications Group (stock symbol) ), the leading national broadband services provider utilizing 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 (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 ) technology, today introduced a new service called DSL Plus IP (Internet Protocol). This value-added network service bundles Covad's broadband technology with IP, allowing Covad to offer a more complete bundle of broadband services to existing and new distribution channels. By integrating Covad's broadband network with IP services, Covad's customers can efficiently and rapidly expand their market reach and reduce operational complexities by outsourcing to Covad the complete network function (DSL Plus IP). In addition, it allows customers to offer their end-users broadband services at an attractive price and fulfill the associated high-volume demand. Some of the first customers to utilize the new DSL Plus IP service are leading 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. (ISPs) including Juno Online Services Juno client software icon Juno is an Internet service provider based in the United States. It is a subsidiary of United Online, which also owns NetZero and Bluelight Internet Services. (Nasdaq:JWEB), Prodigy Communications Corporation (Nasdaq:PRGY), and 1stUp.com Corporation. "This service allows Covad to provide ISP's with a new set of value-added network services," said Rich Wong, vice president of marketing for Covad. "Now our ISPs have a choice that enables them to focus on providing their unique brand experience to end users, while Covad handles the set-up and management of the network infrastructure. In addition, these value-added network services lay the foundation for delivering broadband services such as video and audio streaming." The DSL Plus IP service is currently available in San Francisco, Chicago and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , and will be available throughout Covad's network by August 2000. "With its commitment to quality and impressive deployment capabilities, Covad is a key ally in our quest to make sponsor-subsidized high speed access widely available to consumers," said Charles Katz, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of 1stUp.com. "Just as we have delivered high performance, cost-effective dial-up service to millions of consumers, 1stUp.com soon will offer an easy-to-use, cost-effective high speed offering, made possible through agreements with industry leaders like Covad." "By supplying IP network management services, Covad is helping Prodigy provide seamless nationwide DSL solutions to its customers," said Prodigy's Chief Technology Officer Bill Kirkner. Covad is providing DSL Plus IP services by adding gateway routers throughout Covad's regional network to terminate user private virtual circuits (PVCs). The Internet connectivity utilizes national IP network providers such as Level 3 Communications
Level 3 Communications NASDAQ: LVLT is a communications and information services company headquartered in Broomfield, Colorado, USA. , and seamlessly integrates these services into Covad's existing DSL nationwide network. The DSL Plus IP transport service elements include PVC PVC: see polyvinyl chloride. PVC in full polyvinyl chloride Synthetic resin, an organic polymer made by treating vinyl chloride monomers with a peroxide. termination; end user authentication, authorization and accounting; IP address assignment and management, domain name service and IP routing and connectivity. "Covad's DSL Plus IP is a great new service that we plan to take full advantage of as we roll out Juno Express, our premium broadband service, nationally later this year," said Wendy Rosenberg, Juno's senior vice president responsible for Juno Express. About Covad Covad Communications is the leading national broadband service provider An ISP, telephone company, cable company or other carrier that offers high-speed communications to homes and businesses, typically for Internet access. Cable modems, DSL and T1 lines are the common technologies. See broadband, cable modem, DSL and T1. 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 62 of the top Metropolitan Statistical Areas (MSAs) and will 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 business as Covad Communications Company, 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. 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. , our ability to reduce our prices, changes in our installation process, including self-installation, and our ability to provide multimedia 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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