Mpower Communications Comments on FCC Triennial Review Order
ROCHESTER, NY—August 22, 2003—Mpower Communications Corp (AMEX:MPE), a leading provider of broadband high-speed Internet access and local and long distance voice services, today released the following comments on the Federal Communications Commission's order on the Triennial Review:
"Over the past seven years we have clearly articulated our strategy and long-held belief that owning our own facilities-based network and not depending on the LEC for switching infrastructure is a significant advantage," said Mpower Communications Chairman and Chief Executive Officer Rolla P. Huff. "Today's order is yet another confirmation that this strategy is absolutely the right one."
"Our network of switches and collocation facilities clearly distinguishes us from those companies that chose not to invest in network infrastructure and now run the risk of being impacted by this ruling," added Huff. "The value of our network is once again demonstrated by the fact that today's decision will have no impact on the prices or services we offer our customers or on our ability to carry out our growth strategy to add more customers and revenue onto our existing robust network infrastructure."
About Mpower Holding Corporation
Mpower Holding Corporation (AMEX:MPE) is the parent company of Mpower Communications, a leading facilities-based broadband communications provider offering a full range of data, telephony, Internet access, and Web hosting services for small-and medium-size business customers. Further information about the company can be found at www.mpowercom.com.
Forward-Looking Statements
Under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Mpower Holding Corporation cautions investors that certain statements contained in this press release that state management's intentions, hopes, beliefs, expectations, or predictions of the future are forward-looking statements. Management wishes to caution the reader that these forward-looking statements are not historical facts and are only estimates or predictions. Actual results may differ materially from those projected as a result of risks and uncertainties including, but not limited to, receipt of all remaining payments from the previously announced asset sales, future sales growth, market acceptance of our product offerings, our ability to secure adequate financing or equity capital to fund our operations, network expansion, our ability to manage growth and maintain a high level of customer service, the performance of our network and equipment, our ability to enter into strategic alliances or transactions, the cooperation of incumbent local exchange carriers in provisioning lines and interconnecting our equipment, regulatory approval processes, changes in technology, price competition and other market conditions and risks detailed from time to time in our Securities and Exchange Commission filings. The company undertakes no obligation to update publicly any forward-looking statements, whether as a result of future events, new information, or otherwise.
