US LEC (Nasdaq: CLEC) is a telecommunications carrier providing voice, data and Internet services to business customers throughout the southeastern and mid-Atlantic United States. US LEC was founded in 1996 and is headquartered in Charlotte, NC.
US LEC provides quality voice and data services to medium and large business customers throughout the Southeast and mid-Atlantic regions.
Services
US LEC currently offers local, long distance, calling card, toll free, dedicated Internet, digital private line and frame relay services to customers in selected markets in Alabama, Florida, Georgia, Kentucky, Louisiana, Maryland, Mississippi, New Jersey, North Carolina, Pennsylvania, South Carolina, Tennessee, Virginia and the District of Columbia. In addition to the states listed above, US LEC also offers selected voice and data services in Connecticut, Indiana, Massachusetts, New York, Ohio and Texas.
Revenues
US LEC's net revenues for the third quarter ended September 30, 2002, totaled $63.9 million, a 39% increase compared with $46.0 million for the quarter ended September 30, 2001, and a 9% increase compared to the prior quarter ended June 30, 2002. EBITDA for the third quarter of 2002 was $4.0 million, compared to $2.1 million, representing 90% sequential quarterly growth and the eighth consecutive quarter of EBITDA improvement.
| Ten good reasons US LEC is different from the average telecommunications carrier: |
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US LEC is local
US LEC has a local presence in each of its markets offering a team of sales, sales support and operations professionals. |
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US LEC guarantees its service
US LEC backs its products and services with service guarantees. |
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US LEC is a switch-based telecommunications carrier
US LEC does not resell services. We own and operate our own digital switches. We also operate our own integrated billing platform. |
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US LEC retains customers
US LEC's customer retention rate is among the highest in the industry. In addition, our customers act as references for us on a regular basis. A list of these customers is available upon request; contact the sales representative in your area. |
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US LEC promises simplicity
US LEC delivers on this promise through products and rate plans that are specifically designed to meet our customers' requests, and we provide our customers with one simple invoice for all services. |
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US LEC offers around-the-clock customer service
US LEC's Network Operations Center (NOC) staff closely monitors the status of each switch location 24x7 to identify and solve any trouble that may arise. |
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US LEC is financially stable
US LEC's net revenues for the third quarter ended September 30, 2002, totaled $63.9 million, a 39% increase compared with $46.0 million for the quarter ended September 30, 2001, and a 9% increase compared to the prior quarter ended June 30, 2002. EBITDA for the third quarter of 2002 was $4.0 million, compared to $2.1 million, representing 90% sequential quarterly growth and the eighth consecutive quarter of EBITDA improvement. |
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US LEC has flexible products
US LEC can bundle voice and data services using its state-of-the-art Lucent CBX500 ATM switch network. |
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US LEC's network coverage is dense
US LEC offers the densest coverage of all competitive carriers within its footprint. Our switches operate in a focused, regional network designed to provide complete coverage for our customers, in addition to supporting growth. |
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US LEC challenges the competition
US LEC covers more major business markets throughout BellSouth's operating territory and through the mid-Atlantic portion of Verizon's operating territory than any other competitive carriers. |
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