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News Releases
DSL.net Expands Nationwide Footprint for DSL, T1 Services Through Agreement with New Edge Networks
NEW HAVEN, Conn. - (BUSINESS WIRE), Dec. 9, 2002 - DSL.net, Inc. (NASDAQ: DSLN), a leading nationwide provider of broadband communications services to businesses, today announced that it has reached an agreement that will allow it to provide DSL and T1 services through facilities of New Edge Networks, a national business-class broadband services provider.
With the addition of New Edge Network's DSL and T1-enabled central offices, DSL.net will now have a larger national footprint with the ability to sell its products and services to businesses in hundreds more small and mid-sized cities, including the suburban areas around many of those cities. The agreement will allow DSL.net to expand its coverage area without additional capital expenditures while realizing solid margins through low network access costs.
"The national network backbone that we already operate is one of our unique competitive advantages and this agreement further leverages that network investment - expanding our capability for providing the best possible end-to-end solutions to our customers," said Keith Markley, president and chief operating officer of DSL.net. "By partnering with New Edge Networks and together with our recent agreement to acquire network assets and related subscriber lines of Network Access Solutions Corporation (NAS), we have the potential to enter 2003 well-positioned for strong growth with a significantly broader national footprint."
NAS and its creditors' committee selected DSL.net's bid as the best and highest at a recent auction. If this transaction is approved at a scheduled hearing Dec. 30, 2002 by the bankruptcy court presiding over the NAS reorganization and other closing conditions are satisfied, DSL.net expects to close this transaction promptly after receiving such court approval.
Commenting on its agreement with DSL.net, Dan Moffat, president and CEO of New Edge Networks, noted: "There is increasing demand for business broadband and customers want broad coverage for services like DSL and frame relay. Our network infrastructure fills in the gaps for business customers and continues attracting the attention of national providers like DSL.net."
Vancouver, Wash.-based New Edge Networks' DSL footprint includes 600 central offices located in more than 360 small and mid-size cities in 29 states primarily west of the Appalachian Mountains and in Florida and Georgia.
About DSL.net
Based in New Haven, Conn., DSL.net, Inc. combines its own DSL facilities, nationwide network infrastructure, and Tier I Internet Service Provider (ISP) capabilities to provide high-speed Internet access and value-added services directly to small- and medium-sized businesses throughout the United States. A certified CLEC throughout the continental United States -- including Washington, D.C. -- and Puerto Rico, DSL.net sells to businesses, primarily through its own direct sales channel. DSL.net augments its direct sales strategy through select system integrators, application service providers and marketing partners. In addition to a number of high-performance, high-speed Internet connectivity solutions specifically designed for business, DSL.net product offerings include Web hosting, DNS management, enhanced e-mail, online data backup and recovery services, firewalls, virtual private networks and nationwide dial-up services. For more information on DSL.net, visit www.dsl.net, e-mail info@dsl.net, or call 1-877-DSL-NET1 (1-877- 375-6381).
About New Edge Networks
New Edge Networks is a national business-class broadband services provider that owns one of the largest multi-service data communications networks in the United States. In providing frame relay, ATM, IP and other advanced data services nationally, New Edge has one of the largest DSL coverage footprints for small- and midsize cities across the country. The company also provides dedicated high-speed Internet access in 27 major cities around the country. New Edge Networks offers frame relay access and gateway products through channel partner programs or wholesale relationships. It provides a wide variety of business-class DSL and T-1 solutions through Internet Service Providers and its own TransEdge brand. Top-tier private venture firms, global financial institutions and worldwide technology firms provide financial backing to New Edge Networks. The company's Web site is www.newedgenetworks.com. Telephone: 1-360-693-9009.
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.