Covad Praises FCC Collocation Decision.SANTA CLARA, Calif.--(BUSINESS WIRE)--March 18, 1999--Covad Communications (Nasdaq:COVD COVD College of Optometrists in Vision Development COVD Covad Communications Group (stock symbol) ) applauds today's decision by the Federal Communications Commission Federal Communications Commission (FCC), independent executive agency of the U.S. government established in 1934 to regulate interstate and foreign communications in the public interest. (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. ) to reform the collocation practices of the incumbent local exchange carriers (ILECs). "If properly implemented, the FCC's decision could enhance Covad's ability to deploy its national network by reducing some of the bureaucracy and cost associated with collocating equipment in central offices," said Dhruv Khanna, executive vice president and general counsel for Covad. "Moreover, this should help create a more level playing field See net neutrality. between CLECs and ILECs and further validates the Telecommunications Act as enhancing competition for advanced, digital networks and services." The FCC's decision will require ILECs to: -- Offer competitive local exchange carriers (CLECs), such as Covad, "cageless physical collocation" instead of requiring that equipment be housed in caged areas of a central office -- Allow CLECs greater ability to collocate col·lo·cate v. col·lo·cat·ed, col·lo·cat·ing, col·lo·cates v.tr. To place together or in proper order; arrange side by side. v.intr. To occur in a collocation. switching equipment in central offices -- Follow certain procedures before denying physical collocation to a CLEC (Competitive Local Exchange Carrier) An organization offering local telephone service that is not one of the traditional telephone companies. The Telecommunications Act of 1996 allowed competition to the incumbent telcos (ILECs), enabling new companies (CLECs) About Covad Covad Communications Company is a leading high-speed Internet and network access provider offering DSL services to Internet Service Providers and enterprise customers. The Company has launched its services in the San Francisco Bay Area “Bay Area” redirects here. For other uses, see Bay Area (disambiguation). The San Francisco Bay Area, colloquially known as the Bay Area or The Bay , Los Angeles, New York, Boston, Washington D.C., Seattle, and Philadelphia metropolitan areas, and has announced plans to deploy its networks in a total of 22 regions, encompassing 51 metropolitan statistical areas nationwide. Covad Communications Company and its affiliates doing business 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: 408-844-7500 or 1-888-GO-COVAD; FAX: 408-844-7501. Web Site: www.covad.com. 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 release which are not historical facts may be deemed to contain forward-looking statements, including but not limited to deployment of the Company's network in new and existing regions and availability to collocate its equipment in central offices. 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 risks and uncertainties detailed in the Company's Securities and Exchange Commission filings. |
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