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May 24, 2006
SAN JOSE, Calif. -- Covad Communications, (AMEX:DVW - News), a pioneering national provider of integrated voice and data communications, announced today that it is a founding member of the WiBro and mobile WiMAX Community (WMC) alongside leading global telecom providers such as KT Corporation, TeleKom Malaysia Berhad, and PCCW. The WMC was founded to further the deployment and interoperability of WiBro, a mobile WiMAX broadband wireless technology standard.
"By joining the WMC, Covad gains an opportunity to learn from and share information with leading telecom providers in other countries," said Alan Howe, vice president of strategic and wireless development for Covad. "This puts us on the cutting edge of new developments in the fast-growing wireless broadband market."
"We are very pleased to have Covad as a US-based founding member of the WMC," said Hoon Kim, a manager for KT Corporation. "We look forward to developing shared strategies and exploring potential partnership opportunities."
Deployment of WiMAX is expected to grow substantially by the end of this decade, according to global industry research firm Ovum. "Covad is smart to partner with players like KT Corporation," said Julien Grivolas, telecommunications analyst from Ovum. "With the commercial launch of its WiBro services expected next month, KT is the most advanced operator in mobile WiMAX, while there are many innovative broadband wireless access initiatives in Asia. Consequently, WMC membership will provide Covad with some exciting opportunities."
Covad Communications Inc.
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