Talk America Announces Network Expansion into Illinois and Georgia
June 01 2005 - 9:14AM
Business Wire
Talk America (NASDAQ:TALK), a leading integrated communications
provider, announced today that it will be deploying its network in
Chicago and Atlanta by the end of 2005. This network expansion adds
over 1.3 million new addressable households, 700,000 new
addressable businesses and will add approximately 30,000 lines to
our networked footprint at year-end. Capital expenditures for the
buildout are expected to be approximately $5 to $6 million. As
such, we are increasing our capital expenditure guidance for 2005
to $53 to $58 million, including capitalized software and capital
expenditures of LDMI from the expected closing date. The 12 end
offices in Chicago and 22 end offices in Atlanta will use
soft-switching IP technology to cost-effectively reach existing and
new customers. IP technology enables voice and data services to be
carried using common transport elements, reducing the cost of
providing services compared to traditional circuit switched
technology. As previously discussed, Talk America also has expanded
its network deployment in Michigan to include 21 additional end
offices in the Grand Rapids, Saginaw and Lansing markets. "Talk
America is committed to delivering the highest quality
communication services to our customers," said Ed Meyercord,
President and CEO of Talk America. "With the continued success of
our network buildout, UNE-P to UNE-L migrations and our soft-switch
tests in the Grand Rapids area, we are excited to reopen markets
where Talk America has had historical marketing success and we have
the opportunity to serve business customers." About Talk America
Talk America is a leading competitive communications provider that
offers phone services and high-speed internet access to both
residential and business customers. Talk America delivers value in
the form of savings, simplicity and quality service to its
customers through its leading edge network and award-winning back
office. For further information, visit us online at:
http://www.talkamerica.com. Please Note: Certain of the statements
contained herein may be considered forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. Such statements
are identified by the use of forward-looking words or phrases,
including, but not limited to, "estimates," "expects," "expected,"
"anticipates," "anticipated," and "targets". These forward-looking
statements are based on our current expectations. Although we
believe that the expectations reflected in such forward-looking
statements are reasonable, there can be no assurance that such
expectations will prove to have been correct. Forward-looking
statements involve risks and uncertainties and our actual results
could differ materially from our expectations. In addition to those
factors discussed in the foregoing, important factors that could
cause such actual results to differ materially include, among
others, the non-completion of the LDMI acquisition or our inability
to integrate effectively and as anticipated the business of LDMI
upon the completion of the acquisition, dependence on the
availability and functionality of local exchange carriers' networks
as they relate to the unbundled network element platform, increased
price competition for long distance and local services, failure of
the marketing of the bundle of local and long distance services and
long distance services under our direct marketing channels and our
various marketing partners, failure to manage the nonpayment of
amounts due us from our customers from bundled and long distance
services, attrition in the number of end users, failure or
difficulties in managing our operations, including attracting and
retaining qualified personnel, failure to be able to expand our
active offering of local bundled services in a greater number of
states, failure to provide timely and accurate billing information
to customers, failure to manage our collection management systems
and credit controls for customers, interruption in our network and
information systems, failure to provide adequate customer service,
and changes in government policy, regulation and enforcement and/or
adverse judicial or administrative interpretations and rulings
relating to regulations and enforcement, including, but not limited
to, the continued availability of the unbundled network element
platform of the local exchange carriers network and unbundled
network element pricing methodology. For a discussion of such risks
and uncertainties, which could cause actual results to differ from
those contained in the forward-looking statements, see the
discussions contained in our Quarterly Report on Form 10-Q filed
May 9, 2005, our Annual Report on Form 10-K for the year-ended
December 31, 2004, filed on March 16, 2005, as amended by our Form
10-K/A filed March 30, 2005, and any subsequent filings. We
undertake no obligation to update our forward-looking statements.
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