Talk America and SBC Telephone Companies Sign New Commercial Agreement
October 03 2005 - 9:26AM
Business Wire
Talk America (NASDAQ:TALK) today announced that it has signed a
commercial agreement with the incumbent local exchange carrier
subsidiaries of SBC Communications Inc., the Company's largest
network supplier. We are pleased with the terms of the agreement,
which enables us to continue offering high quality
telecommunications services to our customers who are currently
served on SBC's UNE-P platform. These customers will experience a
seamless transition to the SBC Telephone Companies' wholesale
platform. This new agreement enables us to continue our
relationship with SBC and presents the opportunity to serve
customers, such as multi-location business customers, that are
outside our local network footprint. In addition, the agreement
gives us flexibility to continue to move customers onto our own
local network. Entering into this agreement now removes any
uncertainty regarding the cost of providing services to our off-net
customers after March 11, 2006. The economics of the agreement are
better than expected resale pricing and more favorable than our
previously announced expectations. For lines outside our networking
footprint, we are expecting an increase in monthly costs of a range
of $4 to $6 per line. As a result, we are not adjusting our
previously announced guidance for the end of the year, despite
entering into this agreement earlier than forecasted. 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.
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