Covad, Verizon Settle DSL Line Spat
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Covad and Verizon settled their differences on Wednesday, with Covad announcing it would drop an antitrust suit against the company. The company also said it had reached a deal with MCI to become a preferred provider for MCI's DSL service. Verizon has also agreed to drop a countersuit against Covad.
The deal will expand Covad's line-sharing agreement with Verizon, which would allow the company to offer DSL over Verizon lines. In order to provide DSL service across the country, Covad has made similar deals with other telecommunications companies. Financial terms of the settlement were not disclosed.