Covad added over 36,000 net DSL lines in Q2, giving it a total of more than 453,000 lines, a 9% increase over Q1 2003. Net customer disconnections, or churn, averaged approximately 3.4% in the second quarter compared to approximately 3.3% in Q1. The company said the results demonstrate that it is able to execute on its business plan. Full financial results are expected in late July or early August.
http://www.covad.com
- In June 2003, Covad Communications announced a deal to acquire approximately 23,000 out-of-region business DSL customer from Qwest for $3.75 million in cash.
