Printer Friendly

Prodigy Increases Monthly Rate for Dial Internet Service; New Rate to be Closely Followed by New Portal, User Software.

Business Editors and High-Tech Writers

AUSTIN, Texas--(BUSINESS WIRE)--Oct. 1, 2001

Prodigy Communications (Nasdaq:PRGY), a leading Internet service provider (ISP) serving the largest number of DSL Internet subscribers, today announced plans to increase its unlimited dial service from $19.95/month to $21.95/month.

The price increase is effective October 1, 2001, for new Prodigy members, and November 1, 2001, for current members.

This is the first time Prodigy has raised its monthly rate since launching Prodigy Internet service in 1995. With the price increase, Prodigy's monthly rate is competitive with or lower than other national ISPs.

Prodigy announced during its July 26, 2001, Q2 earnings call that before the end of the year, it would increase its monthly rate and at the same time offer new features and services.

Prodigy customers will see the first phase of a completely redesigned Prodigy service in November when it launches its new portal. The new portal will feature improved content, a new "look and feel" that makes the site easier to use and navigate, and more customization options. By the end of the year, Prodigy will widely release Prodigy 7.0, featuring a customized browser that utilizes Microsoft's newest release of Internet Explorer 6.0 and functionality developed for the more demanding broadband and dial user.

"This is the first time in six years that Prodigy has raised its monthly rate for dial services, and we believe customers will like what they see with our completely redesigned product," said Paul Roth, president and chief executive officer. "Prodigy has rebuilt its portal and software to enhance our services for both our dial and broadband customers, while setting the foundation for future broadband-enabled services that are in development."

About Prodigy Communications Corporation (www.prodigy.com):

Prodigy Communications Corporation (Nasdaq:PRGY) is one of the nation's largest Internet service providers serving both owned and managed dial and DSL subscribers. With its alliance with SBC Communications, Prodigy is the industry leader in serving DSL subscribers. Prodigy delivers fast and reliable Internet access and user-friendly Internet-based products, services and information via a nationwide network covering more than 850 locations in all 50 states, allowing more than 90 percent of the U.S. population to access Prodigy's dial service with a local telephone call. Prodigy features superior content, e-mail and e-mail attachment capabilities, Prodigy Instant Messaging(tm), Prodigy Chat(tm), and Prodigy Online Communities, combined with the accessibility and freedom of direct access to the World Wide Web for all users. ProdigyBiz offers a powerful suite of specially designed Internet products and services for small business owners. Prodigy(R) en Espanol(tm), is the nation's first-ever, fully bilingual Spanish/English-language Internet service created especially for the U.S. Spanish-speaking population.

This press release contains forward-looking statements that involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are the intense competition in Prodigy's industry, subscriber turnover, disruption in Prodigy's network services or in other services provided by third parties, the challenges of integrating the Internet businesses of Prodigy and SBC Communications Inc., the possible failure to achieve the anticipated benefits of the agreements between Prodigy and SBC, the possible unavailability of sufficient financing to Prodigy as needed, as well as the risk factors detailed from time to time in Prodigy's periodic reports and registration statements filed with the Securities and Exchange Commission. Prodigy's business and operations are operated by a limited partnership, called Prodigy Communications Limited Partnership, of which Prodigy is the general partner and owns an approximate 57 percent interest and SBC Communications owns an approximate 43 percent interest.
COPYRIGHT 2001 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Oct 1, 2001
Words:611
Previous Article:REMINDER/BankAtlantic Bancorp to Host Investor Dinner Meeting in Ft. Lauderdale, FL.
Next Article:SofaWare Technologies Unveils First Platform for Delivery of Managed Internet Security Service to the Home.
Topics:


Related Articles
Online services alternatives.
Rolling along info superhighway.
AT&T enters the Internet skirmish: increased competition could mean an all-out Internet service price war.
The ABC of ISPs: what you should know before choosing an Internet service provider.
Digital Slim.
Microsoft and Telmex Announce Latin Web Portal.
Prodigy Improves Cash Position, Financial Stability Under New Strategic & Marketing Agreements With SBC.
Down, but not out: Mexico's free ISPs.
FREE PCS! REBATES AIMED AT GETTING MORE HOMES ONLINE.
HOW TO MAKE THE CONNECTION.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters