Category Archives: Covad News

TelePacific’s Covad Wireless Acquisition Completed

TelePacific Communications has received regulatory approval for and completed the acquisition of NextWeb, Inc., dba Covad Wireless, a broadband fixed wireless carrier operating in California, Nevada and the Chicago, Illinois area.

Through its acquisition of NextWeb, TelePacific now controls a WiMAX-featured wireless broadband network, a licensed microwave backhaul network, and a high bandwidth wireless network operating in licensed LMDS spectrum. The new network assets complement TelePacific’s existing footprint and allows the company to broaden its product offerings in markets where it is already competitive. Further, the purchase supports TelePacific’s strategy of investing in advanced broadband transport technologies.

TelePacific will also gain the benefit of approximately 3,500 profitable broadband fixed wireless business customers in California, Nevada and suburban Chicago.

“We are pleased to welcome Covad Wireless customers to the TelePacific family and look forward to introducing them to TelePacific’s signature customer service,” said Dick Jalkut, President and CEO of TelePacific. “The additional resources we gained through this acquisition

MegaPath, Covad, Speakeasy Merger Closes. Megovadsy ?

MegaPath, Covad and Speakeasy today announced regulatory approval and the completion of their merger, creating a next generation Managed Services Local Exchange Carrier (MSLEC). The new company will have relationships with more than 85,000 business customers and over 4,500 partners throughout North America. The combined company will be called MegaPath and will operate one of the largest end-to-end facilities-based IP communications networks in the country.

What does the MegaPath Covad merger mean to their customers?

Now Covad and MegaPath have announced to merge, what does that mean to their customers and to their channel partners? Nothing but good according to Dan Foster, but what other way is there to start a merger than saying only good things will come from it.

“Combining MegaPath and Covad resources will enable us to expand service offerings to customers, as well as provide more choices and value. Frankly, customers have been asking us to take a broader role in

Covad & MegaPath announce merger

Covad Communications Company, a leading national provider of IP broadband services, and MegaPath Inc., a leading provider of managed IP data, voice and security services in North America, today announced an agreement to combine the operations of Covad and MegaPath.

Pending federal and state regulatory approvals, the transaction will create one of the largest managed service local exchange carriers (MSLEC) in the United States. The combined businesses will have the largest Ethernet, DSL and T1 footprint in North America and be the only MSLEC capable of providing a full range of Internet, voice, security and VPN services nationwide.

“This transaction brings together two industry leaders who will focus on expanding service offerings and distribution channels to further our leadership positions in the SMB, enterprise and wholesale markets,” said D. Craig Young, MegaPath CEO and the new Executive Chairman of the combined businesses. “By leveraging the strengths of each company, we will provide customers and partners with expanded expertise, broader innovative services and a powerful network that simplifies the way they communicate and conduct business online.”

“We will continue to provide innovative services and superior automation to our wholesale partners, and by adding MegaPath’s leading managed service offerings, we will further enhance the value we deliver to the market,” said Pat Bennett, CEO of Covad, who will continue as Chief Executive Officer. “The combination of these two companies creates a powerful new business model that provides users and partners with the industry-leading connectivity and services they require to support their critical business communications needs.”

Covad offers IP broadband services in more than 4,400 central offices nationwide through its commercial and wholesale distribution channels. Covad wholesale partners include leading providers such as AT&T, Verizon Business and Sprint; MegaPath delivers value-added communication services, including hosted VoIP, managed security, MPLS VPNs for connecting multiple sites, and SSL VPNs for connecting remote users and business partners. MegaPath distributes its services via a large direct sales force and channel sales partnerships, and has over 19,000 direct SMB and enterprise customers.

By combining Covad’s robust network infrastructure with MegaPath’s wide selection of products and value-added services, the transaction promises to provide the companies’ partners and customers with a superior selection of cost-effective IP voice, data communications and security solutions.

“This is a great deal for Covad and MegaPath stakeholders and customers, creating an industry leader with the agility, expertise and resources to address customers’ rapidly growing and changing communications needs,” said Johnny O. Lopez, partner at Platinum Equity, which owns Covad. “With such complementary businesses, partners and customers will quickly see new services and capabilities that provide them even greater value, while the company realizes improved efficiencies and greater profitability, and enhanced opportunities for growth through acquisition.”

The combined businesses will be owned by Platinum and MegaPath investors. Terms of the deal were not disclosed. The transaction is subject to federal and state regulatory approvals and is expected to close by the end of Q3 2010.

Read more: http://www.megapath.com/news/2010/COVAD-AND-MEGAPATH-ANNOUNCE-MERGER-AGREEMENT.cfm#ixzz0jqZ5wVZ1

Covad Completes Intelligent Network Platform

Covad Communications Company announced the nationwide availability of Covad MPLS VPN services, along with new Quality of Service (QoS) / Class of Service (CoS) capabilities that complete the company’s rollout of an intelligent network platform partners can use to deliver innovative services at reduced costs.

“Adding QoS / CoS capabilities to Covad’s MPLS infrastructure allows our partners to deliver revenue-generating, value-added services on a national broadband platform that can be customized for real-time applications,” said Young-Sae Song, Vice President of Marketing for Covad Wholesale. “Value-added applications such as VoIP, video conferencing, VPN, and software as a service (SaaS) increase revenue potential and help encourage customer loyalty.”

“Thinking Phone Networks is evolving its relationship with Covad as Covad itself evolves,” said Derek Yoo, Chief Technology Officer for Thinking Phone Networks. “The introduction of services like QoS / CoS across so many types of access with the right levels of performance

Covad Increases Bandwidth Offerings upto DS3

covadCovad Communications Company has completed the next phase of its broader network transformation strategy by building out its access portfolio with the introduction of DS3 service for performance-intensive applications and enterprise connectivity, as well as higher-bandwidth bonded T1 offerings up to 12.0 Mbps. Covad has also introduced network-wide Quality of Service (QoS) capabilities to enable partners to layer on value-added services and applications.

“Covad is rapidly evolving its network to create an intelligent broadband services platform that partners can use to expand their offerings, reach more customers, and increase revenues,” said Young-Sae Song, vice president of marketing for Covad Wholesale. “Covad’s application-aware network capabilities allow our partners to customize network performance for specific applications, like VoIP, video conferencing, and software as a service (SaaS).”

In February, Covad completed a nationwide MPLS deployment and network capacity upgrades that included metro optical rings with up to OC-192 (10 Gbps) capacity. Continue reading

Covad Certifies PBX’s for their renewed IA product

Covad Communications Company, a leading national provider of voice and data communications, today announced it has certified IP PBXs from TalkSwitch, Grandstream, Vertical and Epygi for its new Covad Integrated Access service.
IP PBXs certified by Covad include:

  • TalkSwitch IP PBX equipped for VoIP (models 244/248vs, 284/288vs, 484/488vs and 844/848vs)
  • Grandstream GXE502X ALL-IN-ONE IPPBX
  • Vertical Xcelerator IP
  • Epygi Quadro 2x and Quadro 4x IP PBX

Continue reading

Covad acquisition Completed

Platinum Equity has completed the acquisition of Covad Communications Group on april 15th. The total value of the transaction is approximately $470 million. The acquisition was a public-to-private transaction in which an affiliate of Platinum Equity acquired all outstanding shares of Covad stock for $1.02 per share in cash. The company previously traded on the American Stock Exchange under the ticker symbol DVW.