Covad Presents a Bill of Rights for Broadband Internet Users; Bill of Rights Celebrates Consumers' Rights in FCC Line Sharing Ruling.SANTA CLARA Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif.--(BUSINESS WIRE)--Nov. 18, 1999-- 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 ), today unveiled a Bill of Rights that supports the rights of broadband Internet consumers' who have been affected by the monopoly practices of the phone companies. The Bill of Rights is in celebration of the favorable 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. line sharing ruling that was announced today and reflects the newly gained consumer rights. "The broadband rights of consumers have been validated by the FCC's ruling for line sharing," said Dhruv Khanna, a Covad founder, executive vice president and general counsel. "This is all about embracing choice, and will be a winning scenario for both consumers and the phone companies. As the phone companies open up their networks for broadband choice, they will improve their chances to offer long distance services in their territories - a win-win for all." -0-
The Broadband Internet User Bill of Rights is as follows:
-- I have the right to a fast, always-on Internet connection
-- I have the right to experience the benefits of competition and be
free of phone company monopolies
-- I have the right to hassle-free installation of my broadband
service without paying and waiting for the installation of a
second line if I don't want one
-- I have the right to easily place my broadband access order using
the Web
-- I have the right to choose the broadband service that is best for
me, my business and my family
-- I have the right to a competitive price and service quality for
Internet access
-0- About Covad Covad Communications is the leading national broadband services provider of high-speed Internet and network access utilizing DSL (Digital Subscriber Line). It offers DSL services through 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. to small and medium-sized businesses and home users. Covad services are currently available across the United States in 51 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. (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 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. Reform Act 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 overall demand for and acceptance of the Company's services, the intention to deploy our network in new and existing MSAs and 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. . 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 third parties to market and resell our services, intense competition for the Company's service offerings, dependence on growth in demand for DSL-based services, dependence on incumbent local exchange carriers for collocation, unbundled network elements, transport and other facilities, 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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