During Q4 2004, Covad Communications increased digital subscriber lines by 26,000 to 517,000, a
5% increase over lines in service at the end of Q3 2003 and a 36% increase from the beginning of the year. Q4 revenue increased 5% to $105.0 million from the Q3 2003 revenue of $100.5 million and 19% over Q2 2002 revenue of $87.9 million. Covad posted a net loss of $12.8 million, or $0.06 per share. http://www.covad.com
- Earlier this month, Covad Communications announced plans to offer VoIP to business customers and consumers in the majority of the country’s top Metropolitan Statistical Areas (MSAs) by Q4 2004.
- In January 2004, Covad Communications announced plans to expand its nationwide coverage area and customer reach for DSL, Frame Relay access, and T1 broadband services by installing additional equipment in approximately 200 central offices across the nation around the middle of 2004. This will increase the company’s nationwide broadband network to more than 2,000 central offices. Central office locations were selected by utilizing several key factors including market demographics, partner need, neighboring central office performance, and potential for growth. Covad also noted that by broadening its access network, it will be able to more efficiently utilize its core ATM network.