Nextlink and Covad Form
Strategic Partnership to Enhance Broadband Wireless Access for
Enterprise Customers
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Nextlink Wireless, Inc.
June 13, 2006
Service to Start in Los Angeles;
Businesses to Benefit from High-Speed, Ethernet-Based Connectivity
RESTON, VA and SAN JOSE, CA -- Nextlink Wireless, Inc., a subsidiary of
XO Holdings, Inc., and Covad Communications Group, Inc. (AMEX: DVW), a
leading national provider of integrated voice and data communications,
today announced a strategic partnership that will enable Covad to deploy
higher speed wireless Ethernet services nationally using Nextlink’s
licensed 28-31 GHz Local Multipoint Distribution System (LMDS) wireless
spectrum. Covad’s new offering will include access speeds up to 25 Mbps
per subscriber location, providing a high degree of reliability and low
latency to propel delivery of real-time, next-generation applications,
such as VoIP, to the enterprise marketplace.
The agreement teams Nextlink, the leading provider of broadband wireless
services and the nation’s largest holder of LMDS spectrum, with Covad, a
pioneering voice and data solutions provider to small and medium
businesses. Initially, Covad will offer enhanced broadband wireless
service within its existing network in the Los Angeles metropolitan
area. The agreement also allows for an expansion to eleven additional
major markets across the country, including Chicago, Dallas, Miami, New
York, Seattle, and Washington, DC.
Covad provides a business-class, cost-effective alternative to
traditional telecom providers that is focused on the needs of small and
medium businesses. As Covad deploys the new broadband wireless access
service, these businesses, along with Covad’s enterprise-class business
customers, will have the option to upgrade to a versatile suite of
high-speed, Ethernet-based solutions that combines the power, reach,
performance, and scalability of Nextlink’s licensed spectrum with the
reliability and security of Covad’s extensive network.
Nextlink CEO Bob Beran said, “This agreement builds on the long-standing
relationship between Covad and XO Communications. The consummation of
this strategic deal, coming only weeks after Nextlink’s launch,
validates our business model and the demand by carriers for new
applications of broadband wireless.”
Charles Hoffman, president and CEO of Covad, added, “The alliance with
Nextlink is important to our market strategy. We will significantly
boost our strength in the business space, while Nextlink benefits from
the use of its wireless assets. Best of all, business customers across
the U.S. are the biggest winners, gaining an alternative in broadband
that is reliable, top quality and very price competitive.”
About Covad
Covad is a leading nationwide provider of integrated voice and data
communications. The company offers DSL, Voice Over IP, T1, Web hosting,
managed security, IP and dial-up, wireless broadband, 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.
About Nextlink
Nextlink, a subsidiary of XO Holdings, Inc. (OTCBB: XOHO.OB), provides
broadband wireless services to the wireless and wireline communications
service provider, business and government markets. As one of the
nation's largest holders of fixed wireless spectrum, Nextlink delivers
high-quality, carrier-grade wireless access solutions that scale to meet
the demands of today's converged world of communications - supporting
next-generation mobile and wireline voice, data and video applications.
For additional information, visit www.nextlink.com.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995:
The foregoing contains "forward-looking statements," which are based on
management's current information and beliefs as well as on a number of
assumptions concerning future events made by management. Examples of
forward-looking statements include expectations regarding the deployment
and performance of wireless broadband services and Covad’s ability to
recruit customers to the new service, as well as the success of any new
services. 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
operational challenges that may arise as we deploy wireless services,
difficulties as we rapidly expand, deploy and improve our services, 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 Forms 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.
Forward Looking Statement Note:
The statements contained in this release that are not historical facts
are “forward-looking statements” (as such term is defined in the Private
Securities Litigation Reform Act of 1995) that involve risks and
uncertainties. These statements include those describing Nextlink’s
expected future business and network operations and results of
operations, Nextlink’s ability to increase sales and maintain current
revenue, and Nextlink’s ability to service the demand for high-bandwidth
broadband wireless services. Management cautions the reader that these
forward-looking statements are only predictions and are subject to a
number of both known and unknown risks and uncertainties and actual
results, performance, and/or achievements of Nextlink may differ
materially from the future results, performance, and/or achievements
expressed or implied by these forward-looking statements as a result of
a number of factors. These factors include, without limitation, those
risks and uncertainties described from time to time in the reports filed
by XO Holdings, Inc. (as the successor issuer to XO Communications,
Inc.) with the Securities and Exchange Commission, including its Annual
Report on Form 10-K for the year ended December 31, 2005 and its
quarterly reports on Form 10-Q. XO undertakes no obligation to update
any forward-looking statements.
Media Contacts
Michael Doherty
Covad Communications
408-952-7431
mdoherty@covad.com
Covad Investor Relations
Robert Dougherty
Covad Communications
408-434-2130
investorrelations@covad.com
Alan Gilbert
Crawford Public Relations for Nextlink
T: 703-255-3835
M: 703-624-4675
agilbert@crawfordpr.com |
