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Mpower Comments on Federal Appeals Court Ruling on Phone Rules
ROCHESTER, NY, March 3 /PRNewswire-FirstCall/ -- Mpower Holding Corporation
(BULLETIN BOARD: MPOW) , the parent company of Mpower Communications Corp., a
leading provider of broadband Internet access and telephone services to business
customers, today commented on yesterday's federal appeals court ruling
overturning portions of the Federal Communications Commission's latest telephone
competition policy rules.
"While we are still reviewing the decision, it appears that it will have little
impact on Mpower's business plan," stated Mpower Communications Corp.'s Chairman
and Chief Executive Officer Rolla P. Huff. "Mpower's traffic runs on switches
and wire center equipment we own. Wedon't rely on ILEC switching to provide
service to our customers, so we will not be affected by a significant portion of
the decision, which may, however, hurt those non-facilities based CLECs which
don't have an infrastructure like ours."
"Some portions of the Triennial Review Order that are beneficial to Mpower were
upheld," concluded Huff. "As we're never pleased with any decision that
adversely affects robust competition in the telecommunications industry, we will
assist in overturning this decision on appeal. We expect business as usual at
Mpower with the only potential adverse effect that may result from the
uncertainty created by continued legal battles, and not from any impact on any
specific revenue or cost element of our business."
About Mpower Holding Corporation
Mpower Holding Corporation (OTC:MPOW) (BULLETIN BOARD: MPOW) is the parent
company of Mpower Communications, a 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. A copy of this
press release and further information about the company can be found at
http://www.mpowercom.com/.
Forward-Looking Statements
Under the safe harbor provisions of thePrivate 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 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, future sales growth, market
acceptance of our product offerings, our ability to secure adequate financing or
equity capital to fund our operations and 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.
DATASOURCE: Mpower Holding Corporation
CONTACT: Mpower Communications Investors - Gregg Clevenger, Chief
Financial Officer, +1-585-218-6547, , or Mpower
Communications Media - Michele Sadwick, Vice President, +1-585-218-6542,
, both of Mpower Communications; Other Investors -
Lester Rosenkrantz of Cameron Associates, +1-212-554-5486,
, for Mpower Communications
Web site: http://www.mpowercom.com/