RCN Looks Ahead With Acquisitions Complete

RCN Corp. Thursday
completed the acquisition of four major Internet companies and added a new
executive to focus on revenue-generating opportunities.


RCN completed the internal integration of Erols Internet Inc., Interport
Communications, JavaNet and UltraNet Communications. RCN.com now provides
Internet access to nearly 500,000 East Coast Internet subscribers through
the four acquisitions.


“RCN has an opportunity through its growing Internet subscriber base to
generate significant revenues while offering unique value-added services
capable of enhancing the online experience for our valuable customers,”
said David C. McCourt, RCN chairman and chief executive officer.


The company also named Rajan Chopra as president of
new product development. Chopra comes to RCN from Chase Manhattan Bank in
New York.


“RCN is a company that understands the power of the Internet, in all of its
current forms and potential applications.” Chopra said. “RCN is also unique
among companies doing business on or around the Internet, because it is
building a true local fiber optic network capable of delivering this
powerful new medium to residential customers at extremely high speeds.”


RCN Corp. is the nation’s seventh largest ISP in the U.S. RCN currently
provides local and long distance phone, cable television and Internet
services in several metropolitan East Coast markets.


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