
Covad and MegaPath announced plans to merge into a single company. Pending federal and state regulatory approvals, the transaction will create one of the largest managed service local exchange carriers (MSLEC) in the U.S. Financial terms were not disclosed.Covad provides a wide range of access and hub aggregation services, including Ethernet, DSL, and T1. It operates a nationwide IP/MPLS network and its network footprint encompasses some 4,400...