Velocita selected to build second phase of AT&T's next-generation network

Velocita Corp., a nationwide broadband networks provider, announced that it has been selected by AT&T to jointly build approximately 1,300 additional route miles of AT&T's next-generation network.

Velocita Corp., a nationwide broadband networks provider, announced that it has been selected by AT&T to jointly build approximately 1,300 additional route miles of AT&T's next-generation network. In December of 1999, AT&T announced its selection of Velocita, then known as PF.Net Communications, Inc., as one of three vendors to join AT&T in building the first stage of its new fiber- optic network.

This expanded joint build agreement will extend Velocita's total construction commitment to 6,300 miles from the 5,000 miles covered in the original agreement with AT&T. In addition, Velocita will have the right to market dark fiber on these new AT&T routes, as well as on routes already under joint construction by the two companies. In a separate agreement, Velocita also has obtained the right to purchase approximately 7,100 additional route miles of next-generation dark fiber from AT&T.

Velocita's network construction is well underway, with approximately 50 percent of the construction on Velocita's original agreement with AT&T complete and conduit in the ground on routes from California to Virginia and Illinois to Texas. The nationwide Velocita network has three major east to west routes and three primary north to south routes. The first segment of the Velocita fiber network will be in service during the first half of 2001 between Houston and Jacksonville.

This network will enable Velocita to implement and offer ultra high-speed bandwidth services. Velocita will retain a minimum of three or more empty conduits for its own network use on many of the key routes on the jointly built portion of the network and also will place fiber-optic cable in segments of the AT&T-owned multiple-conduit system.

About Velocita:

Velocita Corp., based in Washington, D.C., is a nationwide broadband networks provider serving communications carriers, Internet service providers, and corporate and government customers. For more information, visit www.velocita.com.

About AT&T:

AT&T Corp. is a voice, video, and data communications company that provides services to customers worldwide. For more information, visit www.att.com.

More in Market Research