New Paradigm Resources Group Sees 'Clec Shakeout' as a Strengthening Period for Competitive Industry; New Services, Innovations - and More CLECs - On the Way.Business Editors/Hi-Tech Writers CHICAGO--(BUSINESS WIRE)--Sept. 26, 2000 The recent pummeling of competitive telecom stocks is the forerunner of further growth and innovation to come in the industry, according to New Paradigm Resources Group, Inc. (NPRG NPRG New Paradigm Resources Group, Inc. ), the nation's leading competitive telecom analyst organization. "The current market shakedown is painful and few enjoy this Darwinian process, but ultimately it will be good for the industry, leading to stronger companies, more innovation and improved services," said Craig Clausen, NPRG Executive Vice President. "This is a strengthening period that will test and improve tomorrow's market leaders, who will revisit, adjust and in some instances radically alter their business plans." "The recent scenario parallels the competitive long distance market 15 years ago, when market pressure transformed companies we know today as WorldCom and Sprint," said Terry Barnich, NPRG 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. . "Similarly, the CLECs will rise like the phoenix, and since the industry now works in `Internet time,' the next growth phase will occur faster than ever before." NPRG's forecasts on 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) industry growth will be available later this Fall, with the publication of the next edition of CLEC Report(TM). Commenting on recent buyouts, Barnich also noted, "We expect some consolidation but not as much as other analysts portend por·tend tr.v. por·tend·ed, por·tend·ing, por·tends 1. To serve as an omen or a warning of; presage: black clouds that portend a storm. 2. . Contrary to the sentiments of some, there are not too many CLECs. Considering the size of the opportunity, we expect to see even more new players with new approaches enter the competitive local market." New Paradigm Resources Group, based in Chicago, is a research and consulting firm serving the investment community, equipment vendors and competitive carriers on a variety of issues ranging from due diligence review to business planning and market assessment, as well as project development. NPRG publishes CLEC Report(TM), a biannual bi·an·nu·al adj. 1. Happening twice each year; semiannual. 2. Occurring every two years; biennial. bi·an multi-volume review of the state, trends and future of the competitive local telecom industry, as well as the ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. Report(TM), ASP Report(TM) and BLEC (Building Local Exchange Carrier) A network service provider that partners with real estate owners and managers in order to provide broadband services within an apartment house or office building. Report(TM). For more information, call 312/980-4796 or visit NPRG on the Web at www.nprg.com |
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