Covad
Announces New Rebate Offer for T1 Service; New T1 Customers
Eligible for $2,005 Cash Back in 2005 [January
12, 2005]
SAN
JOSE, Calif., Jan 12, 2005 (BUSINESS WIRE) -- Covad
Communications Group (COVD), a leading provider of broadband
voice and data communications, today announced substantial
cash-back savings on T1 TeleXtend(SM) services throughout
its nationwide network.
In celebration of the New Year, Covad
is offering new customers a rebate incentive of $2,005
cash back with the purchase of Covad T1 TeleXtend 1.5
service with a two-year contract before March 31, 2005.
Prices for Covad T1 TeleXtend 1.5 begin as low as $499
per month. Covad T1 TeleXtend has symmetrical speeds
(same upload as download) and is available in full or
fractional speeds to fit budget and performance requirements.
More information is available at http://www.covad.com/blp/covadt1/.
"We understand that businesses
are very cost conscious when purchasing broadband connectivity,"
said Debbie Jo Severin, vice president of marketing
for Covad. "Covad's $2,005 cash-back rebate is
designed to allow new customers the option to make an
investment back into their business, whether it's used
to offset networking costs or to purchase other business
service tools."
Covad's T1 TeleXtend has a 99.99% service
availability guarantee and a four-hour Service Level
Agreement (SLA), with service credits provided for missed
targets. As with all Covad T1 services, customers have
access to a dedicated toll-free hotline with 24x7 live
technical support.
Covad T1 access opens businesses up
to the possibility of next generation communication
services, such as Covad VoIP. A single Covad T1 TeleXtend
1.5 connection can support about 34 simultaneous voice
calls without compromising sound quality. This is roughly
enough call paths to support about 80 average business
users. Covad VoIP can save businesses up to 40 percent
in recurring communication costs and can substantially
increase employee productivity.
Covad's T1 TeleXtend services continue
to offer priority routing on Covad's nationwide network,
simple online account management, free basic email and
Web hosting.
For more information on all of Covad's
services and additional terms regarding the rebate,
visit www.covad.com.
About
Covad
Covad
is a leading nationwide provider of broadband voice
and data communications. The company offers DSL, Voice
Over IP, T1, Web hosting, managed security, IP and dial-up,
and bundled voice and data services directly through
Covad's network and through Internet Service Providers,
value-added resellers, telecommunications carriers and
affinity groups to small and medium-sized businesses
and home users. Covad broadband services are currently
available across the nation in 44 states and 235 Metropolitan
Statistical Areas (MSAs) and can be purchased by more
than 57 million homes and businesses, which represent
over 50 percent of all US homes and businesses. Corporate
headquarters is located at 110 Rio Robles, San Jose,
CA 95134. Telephone: 1-888-GO-COVAD. Web Site: www.covad.com.
Safe Harbor Statement under the Private
Securities Litigation Reform Act of 1995:
The foregoing contains "forward-looking
statements," such as the number of metropolitan
areas where Covad VoIP will be available, which are
based on management's current information and beliefs
as well as on a number of assumptions concerning future
events made by management. Readers are cautioned not
to put undue reliance on such forward-looking statements,
which are not a guarantee of performance and are subject
to a number of uncertainties and other factors, many
of which are outside Covad's control that could cause
actual results to differ materially from such statements.
These risk factors include the impact of increasing
competition, pricing pressures, consolidation in the
telecommunications industry, uncertainty in telecommunications
regulations and changes in technologies, among other
risks. For a more detailed description of the risk factors
that could cause such a difference, please see Covad's
10-K, 10-Q, 8-K and other filings with the Securities
and Exchange Commission. Covad disclaims any intention
or obligation to update or revise any forward-looking
statements, whether as a result of new information,
future events or otherwise. This information is presented
solely to provide additional information to further
understand the results of Covad.
SOURCE: Covad Communications
Covad Communications
Pavel Radda, 408-952-7425
pradda@covad.com
Mark Brandt, 408-434-2130
investorrelations@covad.com |
