Skanska MasTec Alliance and RCN Corporation partner to build advanced fiber optic network
Skanska MasTec Alliance and RCN Corporation partner to build advanced fiber optic network The Skanska/MasTec Alliance has entered into a partnering arrangement with RCN Corporation under which the Alliance will manage the build-out of the Company's fiber optic network in the United States. In certain instances the Alliance may also provide infrastructure construction services where it benefits RCN. Markets served by RCN include the major population centers in the Boston to Washington, DC, corridor and the West Coast of the US. These markets include approximately 40% of the US population and only 6% of the geography. RCN is offering local and long-distance telephone, video programming and data services (including high-speed Internet access) primarily to residential customers in these markets. RCN plans to spend USD 3 billion, approximately SEK 25 billion, over the next 3 years constructing its network. RCN and the Alliance are currently developing plans for approximately USD 1.4 billion, about SEK 12 billion, of RCN's planned build-out. Stockholm, December 2, 1999 SKANSKA AB Group Communication For additional information, contact: Tor Krusell, Director Group Communication Skanska AB, Tel +46 8 753 87 47 This and previous releases are also available on www.skanska.com Fact sheet RCN Corporation (Nasdaq:RCNC) is the first and largest single-source, facilities based provider of telecommunications services to the residential market in the US, the largest regional Internet service provider (ISP) in the Northeast and the nation's seventh largest ISP. In 1998, the company reported sales of USD 210 M. Through this agreement, Skanska takes a further step toward meeting the infrastructure demand of the rapidly growing telecommunications industry. Accordingly, Skanska is expanding the Group's acknowledged competence in project management. Skanska USA Inc., a subsidiary of Skanska AB, and MasTec, Inc, announced recently that they have formed an alliance to provide comprehensive project management and telecommunications infrastructure services on a turn-key basis throughout North America. The Skanska Group is one of the world's leading suppliers of construction related services. Skanska USA has 11,000 employees and reported revenues of USD 3.2 billion for the first nine months of 1999. MasTec is the largest end-to-end telecommunications and energy infrastructure service provider in North America. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/12/02/19991202BIT00300/bit0001.doc http://www.bit.se/bitonline/1999/12/02/19991202BIT00300/bit0002.pdf