2005-05-05 14:30:11 B: SBC, AT&T Reach Services Agreements with Covad; Covad Will Extend Broadband Access to Merged Companies, to Enable Expansion of VoIP Services Out-of-Region, Promote Vigorous Competition in Telecommunications Industry
SAN ANTONIO, May 05, 2005 (BUSINESS WIRE) -- SBC Communications Inc. (NYSE:SBC) and AT&T Corp. (NYSE:T) together have reached a services agreement under which Covad Communications Group Inc. (OTCBB:COVD) would extend broadband access to the merged companies, which would help the combined entity expand Internet protocol (IP) services, including voice-over-Internet-protocol (VoIP), out-of-region to consumers and businesses. The deal, effective upon completion of the SBC and AT&T merger, demonstrates the parties' commitment to promoting vigorous competition in the telecommunications industry among product and service providers.