Covad Communications and MindSpring Enterprises Announce DSL Services Agreement

Covad Communications, a leading broadband access company, has announced a significant partnership with MindSpring Enterprises, a national Internet service provider with over one million customers. The agreement designates Covad as the preferred provider of digital subscriber line (DSL) services to business customers nationwide, with MindSpring Biz, a comprehensive Internet package for small businesses, exclusively featuring Covad's DSL services. This partnership is a major milestone for both companies, as it expands Covad's reach to more than one million customers and solidifies its position as a leading provider of high-speed Internet access.

Key Takeaways:

• Covad Communications has signed an agreement with MindSpring Enterprises, a national Internet service provider, to provide digital subscriber line (DSL) services to business customers nationwide.
• MindSpring Enterprises has over one million customers and will exclusively feature Covad's DSL services in its MindSpring Biz package, a comprehensive Internet solution for small businesses.
• Covad's DSL technology allows for high-speed Internet access using copper phone wires, providing secure, "always on" and always available connections.
• The agreement will enable small businesses to access high-speed Internet access, web hosting, web design, and electronic commerce through the MindSpring Biz solution.

Statistics:

• Covad's DSL service is available in 33 metropolitan statistical areas (MSAs) and plans to expand to 51 MSAs by the end of the year.
• The partnership has the potential to reach over one million business customers through MindSpring Enterprises.
• Covad's DSL technology provides data connections up to 50 times faster than 28.8K modems for businesses.

Sources:

• Covad Communications (Nasdaq:COVD), "Covad Communications and MindSpring Enterprises Announce DSL Services Agreement" (Business Wire, June 21, 1999)
• MindSpring Enterprises, Inc (Nasdaq:MSPG)