Covad Drops Lawsuit Against Verizon
An AP newswire article by Matthew Fordahl, via SFGate.com, reports that:
Shares of Covad Communications Group Inc. jumped nearly 51 percent Wednesday after the high-speed Internet access company announced it resolved an antitrust lawsuit and other disputes with Verizon Communications Inc.
As part of the deal, Covad expanded its line-sharing agreement with Verizon, allowing it to offer its Digital Subscriber Line services over lines sold by Verizon voice resellers. It also announced a line-sharing agreement with MCI, which is being acquired by Verizon.
Terms of the settlement, which resolved all legal issues between the companies, were not disclosed.
posted by Fergie @ 12/28/2005 10:21:00 AM
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