Covad Named National DSL Provider for Global Crossing Frame Relay, IP-VPN, Dedicated Internet Access and VoIP Services.Business Editors SAN JOSE, Calif.--(BUSINESS WIRE)--Dec. 17, 2003 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 Access Provides Customers with Lower Cost and Increased Flexibility Covad Communications (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :COVD COVD College of Optometrists in Vision Development COVD Covad Communications Group (stock symbol) ) today announced that it has been named the national 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) provider for Global Crossing's IP VPN (Virtual Private Network) A private network that is configured within a public network (a carrier's network or the Internet) in order to take advantage of the economies of scale and management facilities of large networks. Service(TM), Frame Relay, Dedicated Internet Access (DIA) and voice over Internet protocol (VoIP) services in the U.S. These services are utilized by corporations nationwide to link together remote locations and to manage real-time business transactions. Under the new agreement between Covad and Global Crossing, Global Crossing business customers will be able to lower their access costs by as much as 50 percent over the cost of traditional dedicated leased line access. In addition, by utilizing the benefits of Covad's DSL service, Global Crossing can now offer enterprise and carrier customers increased flexibility, "always-on" access at speeds up to 50 times faster than standard dial service and the ability to use existing telephone connections to a customer's premises. Covad's nationwide network covers more than 40 million U.S. homes and businesses in 96 of the top Metropolitan Statistical Areas (MSAs) across the United States, including San Francisco, New York and Chicago. "Our agreement with Global Crossing is another solid proof point that we continue to effectively leverage our nationwide network," said Charles Hoffman, 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. for Covad. "Global Crossing now has the ability to reach millions of new business customers with the competitive advantage of DSL." "Our agreement with Covad provides Global Crossing the benefit of working with one nationwide DSL provider while expanding our geographic reach," said Anthony Christie, chief marketing officer for Global Crossing. "Rounding out our business suite of services with Covad's DSL access enables us to offer our customers a competitive, attractively priced alternative to purchasing full T-1 services for their bandwidth needs." Global Crossing's business suite of services utilizing DSL access is now available, with DSL access for VoIP services expected in early 2004. A growing number of companies nationwide including AT&T, America Online, EarthLink, Sprint, Speakeasy Speakeasy - Simple array-oriented language with numerical integration and differentiation, graphical output, aimed at statistical analysis. ["Speakeasy", S. Cohen, SIGPLAN Notices 9(4), (Apr 1974)]. ["Speakeasy-3 Reference Manual", S. Cohen et al. 1976]. , MCI (1) (Media Control Interface) A high-level programming interface from Microsoft and IBM for controlling multimedia devices. It provides commands and functions to open, play and close the device. (2) (Microwave Communications Inc. , MegaPath and XO work with Covad to power their consumer and business broadband offerings. About Covad Covad is a 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, T1, managed security, hosting, IP, dial-up services and bundled voice and data services directly through Covad's network and through Internet Service Providers, value-added resellers, telecommunications carriers and affinity groups to small and medium-sized businesses and home users. Covad operates the largest national DSL network with services currently available in 96 of the top Metropolitan Statistical Areas (MSAs). Covad's network currently covers more than 40 million homes and business and reaches approximately 45 percent of all U.S. homes and businesses. Corporate headquarters is located at 110 Rio Robles Robles is a common surname in the Spanish language meaning oaks, and may refer to:
Safe Harbor 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 press release that are not historical facts are "forward-looking statements," including expectations regarding expanded services and the statements made by the president and chief executive officer and the assumptions underlying such statements. Actual events or results may differ materially as a result of risks facing Covad or actual results differing from the assumptions underlying such statements. Such risks and assumptions include, but are not limited to, future FCC (1) (Federal Communications Commission, Washington, DC, www.fcc.gov) The U.S. government agency that regulates interstate and international communications including wire, cable, radio, TV and satellite. The FCC was created under the U.S. rulemaking, Covad's ability to continue as a going concern, to continue to service and support its customers, to successfully market its services to current and new customers, to manage the consolidation of sales to a fewer number of wholesale customers, to successfully migrate end users, Covad's ability to generate customer demand, to achieve acceptable pricing, to respond to competition, to develop and maintain strategic relationships, to manage growth, to receive timely payment from customers, to access regions and negotiate suitable interconnection agreements, all in a timely manner, at reasonable costs and on satisfactory terms and conditions, as well as regulatory, legislative, and judicial developments and the absence of an adverse result in 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. against Covad. Covad disclaims any obligation to update any forward-looking statement contained in this press release. All forward-looking statements are expressly qualified in their entirety by the "Risk Factors" and other cautionary statements included in Covad's SEC Annual Report on Form 10-K for the year ended December 31, 2002 and the 10-Q for the quarter ended September 30, 2003, along with Current Reports on Form 8-K filed from time to time with the SEC. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion