ICG and Cisco Collaborate to Expand Nationwide Network
ENGLEWOOD, Colo., Jan. 27, 2000 - ICG Services, Inc., asubsidiary of ICG Communications, Inc. (NASDAQ: ICGX), todayannounced it will substantially expand its nationwide network withCisco Systems equipment. As an existing Cisco PoweredNetwork, ICG already has ordered more than $60 million ofCisco products and services as part of its strategic initiative to offercustomers an enhanced suite of communications services.
ICG is enhancing its tier one, broadband nationwide network andexpanding capacity in order to meet customers' increasing accessand transport needs. To help meet these needs, ICG has purchasedCisco's core infrastructure product line and dial access server line.These purchases will help ICG extend its reach and reliability, allowfor delivery of various bandwidth levels, as well as priority bandwidth,provide routing of both voice and data calls, and allow formulti-functional features such as managed modem service toconsumers and businesses. In addition, this network expansion allowsICG to provide its customers with an enhanced suite of products andservices including virtual private networking and advanced Voice overInternet Protocol (VoIP) applications such as universal messaging.
"Cisco has been, and will continue to be, a tremendous partner ofICG's," said Bill Beans, ICG president and chief operating officer. "Ourexpanding Cisco Powered Network will redefine our product andservice capabilities and give us another competitive advantage in therace for increased market share."
In addition, ICG signed a vendor financing commitment letter withCisco Systems Capital Corporation, the financing arm of Cisco, forapproximately $180 million. The commitment is subject to finalizationof definitive legal documentation.
As a Cisco Powered Network, ICG has proven it offers the highestlevel of network quality and reliability. ICG's participation in theprogram-including the use of the Cisco Powered Network logo tobrand its services-is designed to demonstrate its ability to provideinnovative services, increase customer confidence and heightenbrand recognition for ICG.
"ICG understands the Internet's impact on the telecommunicationsindustry and, through its Internet infrastructure, is helping to buildthe New World in communications," said Don Listwin, Cisco Systemsexecutive vice president. "By implementing an integrated data andvoice network from Cisco, ICG is extending the New World to itscustomers. Today's announcement builds on the existing relationshipand provides ICG with greater network reliability and a more diverseproduct and service mix."
About ICG Communications
ICG Communications, Inc. is one of the nation's fastest-growing, Internet infrastructure service providers to the Internet service provider (ISP) community. Through its nationwide communications network that serves more than 700 cities, ICG provides access for approximately 10 percent of the nation's dial-up Internet traffic. In addition, ICG provides high-quality telecom services, including local, long distance and data communications, to businesses nationwide, as well as direct connectivity to interexchange carriers. For more information on ICG Communications (NASDAQ: ICGX), visit the company's Web site at http://www.icgcom.com.
Cisco SystemsCisco Systems, Inc. (NASDAQ:CSCO) is the worldwide leader in networking for the Internet.
Cisco, Cisco Systems, Cisco IOS, and the Cisco Systems logo are registered trademarks of Cisco Systems, Inc. and/or its affiliates in the U.S. and certain other countries. All other trademarks mentioned in this document are the property of their respective owners.
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