High-speed Internet access company Covad Communications Group on Wednesday announced it resolved an antitrust lawsuit and other disputes with Verizon Communications. As part of the deal, the struggling Covad expanded its line-sharing agreement with Verizon, allowing it to offer its Digital Subscriber Line services over lines sold by Verizon voice resellers. It also announced a line-sharing agreement with MCI, which is being acquired by Verizon.
December 29, 2005 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Shares of Covad Communications Group Inc. jumped nearly 51 percent Wednesday after the high-speed Internet access company announced it resolved an antitrust lawsuit and other disputes with Verizon Communications Inc.
As part of the deal, Covad expanded its line-sharing agreement with Verizon, allowing it to offer its Digital Subscriber Line services over lines sold by Verizon voice resellers. It also announced a line-sharing agreement with MCI, which is being acquired by Verizon.
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