Everest Broadband inks sole provider contracts.Everest Broadband Networks has signed separate contracts with Vornado Realty Trust Vornado Realty Trust (NYSE: VNO) is a New York based real estate investment trust. It is the inheritor of real estate formerly controlled by companies including Two Guys and Alexander's. and FiberNet Telecom Group that will allow Everest to provide high-speed Internet access, broadband applications and long- distance telephone services to tenants in over 67 office buildings. Buildings owned by Vornado - along with those served by FiberNet's fiber optic transmission networks - are an located in the 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. and Chicago markets. Among the properties covered under the 62-building Vornado agreement are Chicago's Merchandise Mart and several major 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 City-area buildings, including the One Penn Plaza One Penn Plaza is a skyscraper near Pennsylvania Station in New York City, west of Seventh Avenue, between 33rd and 34th Streets. It was designed by Kahn & Jacobs and completed in 1972. It reaches 229 meters (750 feet) with 57 floors. and 90 Park Avenue. As part of the contract, Vornado will make an equity investment in the privately held Everest. Everest's contract with FiberNet covers those New York City buildings served by FiberNet's Metropolitan Transport Network and FiberNet's In-Building Networks. Everest 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. Jeffrey Feldman commented, "We're very pleased to have reached these agreements with Vornado and FiberNet. From our perspective, the properties covered under the two deals are a near-perfect fit, since we specialize in servicing large buildings with significant numbers of small-to-medium size tenants." |
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