SBC, Covad set $150 million deal canceling earlier $600 million pact

Article Abstract:

A former $600 million contract between SBC Communications Inc. and Covad Communications Group has been superseded by a new $150 million deal. Covad, which filed for bankruptcy protection in Aug. 2001, will receive a $50 million loan from SBC and $85 million up front for services to be purchased over the next 10 years. SBC will also cancel a $15 million fee owed the company by Covad.

United States, Contracts & orders received, AT&T Inc., SBC, Covad Communications Group Inc., COVD

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AT&T enters marketing pact with Lycos Inc

Article Abstract:

AT&T and Lycos reached a three-year agreement that allows the phone company to tout its traditional services on the popular Lycos Web site. The non-exclusive alliance not only raises AT&T's Internet presence, but also provides Lycos with a large marketing partner. Terms include routing some of AT&T's WorldNet Internet service to Lycos's Web site when customers log on. The Lycos site, which the Internet-search service says attracts 15 million visitors per month, will gain some new telecommunications features. An AT&T service will automatically dial phone numbers, and on-line chat users will have the capability to speak to one another through a voice connection, according to AT&T. Time will tell whether Lycos will gain on larger rivals such as Yahoo! and Excite.

Specialized Telecom Services, Wired Telecommunications Carriers, Marketing, Internet services, AT&T Corp., T, Web sites (World Wide Web), Web sites, Company marketing practices, Lycos Inc., LCOS

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No mercy: Covad Communications needs the Bells' cooperation to thrive. It says it isn't getting much

Article Abstract:

Covad Communications, which uses digital subscriber line (DSL) technology to deliver high-speed Internet connectivity to homes and businesses, necessarily relies on local telephone companies, which control the 'last mile,' aka the 'local loop.' Covad has to rent space for DSL equipment in local telephone companies' field offices, and according to Chmn Chuck McMinn, Covad's relations with phone companies have been problematical. McMinn says phone companies do whatever they can to throw up obstacles, slowing deployment of Covad's DSL equipment. The phone companies deny this, saying they are doing the best that they can to accommodate requests for space.

Laws, regulations and rules, Services, Regional Bell Operating Companies, Company services, Covad Communications Co., McMinn, Chuck

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