Covad Praises FCC Collocation Decision.
Contact:
Martha Sessums
Director of Corporate Communications
(408)
844-7508
msessums@covad.com
Jay Nichols
Sterling Communications, Inc.
(408)
441-4100
jnichols@sterlingpr.com
Nick Kormeluk
VP Investor Relations
(408) 844-7457
InvestorRelations@covad.com
Covad Praises FCC Collocation Decision.
SANTA CLARA, CA. (March 18, 1999) Ç Covad Communications
(Nasdaq: COVD) applauds today's decision by the Federal
Communications Commission (FCC) 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 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 switching equipment
in central offices
- Follow certain procedures before denying physical collocation
to a CLEC
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, Los Angeles, New York, Boston, Washington D.C.,
Philadelphia and Seattle 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: http://www.covad.com/.
Safe Harbor Statement under the Private Securities 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 deployment
of the Company's network in new and existing regions and the timing
and breadth of coverage in each region. 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 strategic third parties to
market and resell its services, intense competition for the
Company's service offerings, dependence on growth in demand for
DSL-based services, ability to raise additional capital and other
risks and uncertainties detailed in the Company's Securities and
Exchange Commission filings.
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