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News Releases
Four More States Grant New Edge Networks CLEC Certification
VANCOUVER, Wash. - (Feb. 8, 2000) - New Edge Networks, the leading national wholesale DSL provider in small, midsize and semirural markets, today announced it has received certification as a competitive local exchange carrier in four additional states.
The new state additions include Delaware, Massachusetts, South Carolina and Virginia. They bring to 31 the total number of states where New Edge Networks is authorized to provide high speed Internet access using digital subscriber line, or DSL, technology. The company expects to receive authorization in all 50 states by mid year.
While pursuing state authorizations, New Edge Networks negotiated interconnection agreements with all the major incumbent local telephone companies and filed for space in almost 1,000 telephone company central office locations. The upstart company is installing an average of 100 DSL systems a month and expects to be operating in small, midsize and semirural areas in all 50 states within a year.
DSL technology uses existing copper phone wires in homes and businesses to enable access to the Internet and corporate LANs at speeds up to 100 times faster than through analog modems. For business users DSL generally means twice the speed for about half the cost. In addition to speed, other key benefits of DSL technology include continuous "on demand" connectivity eliminating dial up or waiting; secure access using dedicated facilities; and, reliability because the network is monitored around the clock.
A wholesale DSL service provider, New Edge Networks plans to offer its DSL service through local, regional and national Internet service providers. Through strategic reseller agreements with ISP's and other communications service providers, New Edge Networks can quickly reach business users that currently do not have broadband access capabilities and drive users to its network.
About New Edge Networks
Based in Vancouver, Wash., New Edge Networks is the leading national wholesale DSL provider in small, midsize and semirural markets. Since its founding last June, New Edge Networks has raised more than $300 million from top-tier private venture firms, global financial institutions and worldwide technology firms. These include: Accel Partners, Comdisco Ventures, Crosspoint Venture Partners, Goldman Sachs & Co., Greylock, Intel Corporation, Meritech Capital Partners, Morgan Stanley Dean Witter and Newbridge Networks. The company's Web site address is www.newedgenetworks.com.
Contact:
Sal Cinquegrani
(360) 906-9723
ATTN: New Edge Networks news releases contain information that is accurate as of the date they are issued. Information contained in past news releases may become out of date and the company does not assume responsibility for updating information contained in past news releases.