Cogent Guarantees 5-Day Service to Genuity ISPs Threatened wtih Service Cancellation
WASHINGTON, D.C., February 13, 2003 - Cogent Communications Group, Inc. (AMEX: COI), a Tier One, next-generation optical Internet Service Provider, announced today that it will offer service delivery guarantees of 5 business days or less to all Genuity ISP customers in danger of losing service and any other ISPs. Delivery of Cogent's 100 Mbps or 1,000 Mbps Internet service is available in the 600-plus Point of Presence (PoP) locations nationwide in which Cogent currently offers service including colocation facilities.
Cogent can guarantee a 5-day turnaround because Cogent owns its own facilities based network. With no need to coordinate with traditional telcos, Cogent streamlines the installation process, making the combination of quick provisioning and low bandwidth pricing an attractive combination for ISPs looking for a quick solution.
"Cogent's network is well equipped to meet the needs of small- to medium-sized ISPs with our radical pricing equating to $30 per megabit. Customers deemed not profitable to Genuity can be well served by Cogent, and we welcome their business," said Dave Schaeffer, CEO Cogent Communications.
About Cogent Communications
Cogent Communications (AMEX: COI) is a Tier 1, facilities based, all-optical ISP focused on delivering ultra-high speed Internet access and transport services to businesses in the multi-tenant marketplace and to service providers located in major metropolitan areas across the United States and Canada. Cogent's simple product set features either 100 Mbps or 1,000 Mbps dedicated, non-oversubscribed bandwidth. These connections are delivered over Cogent's 80 Gbps backbone, making Cogent's network the largest of its kind in the country.
The Cogent solution offers the elusive combination of higher quality at a lower price. Data-only network technology combined with network ownership has provided Cogent with the ability to offer ultra-high speed Internet access at affordable prices.
Cogent's network consists of a dedicated nationwide multiple OC-192 fiber backbone, multiple intra-city OC-48 fiber rings, and optically-interfaced high-speed routers. Cogent has been recognized as the first IP Optical Cisco Powered Network (CPN). Cogent acquired portions of the U.S. operations of PSINet, Inc. including the network, customer base plus the three data centers located in NY, LA and Herndon, VA.
Fiber 500 is a copyright of Cogent Communications, Inc.
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This news release contains forward-looking statements that involve risks and uncertainties. Factors that could cause or contribute to such risks and uncertainties include, but are not limited to, successful completion or expansion of the network, our connection to the Internet requires us to obtain and maintain relationships with other providers, our rights to the use of the dark fiber that make up our network may be affected by the financial health of our fiber providers, we often are limited in choices for metropolitan fiber suppliers and we will need to obtain or construct additional building laterals to connect buildings to our network. Additional general factors include competition, changes in technology and methods of marketing, and various other factors beyond the Company's control.