BellSouth DSL High Speed Internet News BellSouth and MDU Communications will Jointly Deploy DIRECTV®, Data and Voice Services to Post Spring and The Reynolds
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Residents will receive proven, industry-leading communications and entertainment services
Atlanta, September 13, 2006 — PRNewswire, BellSouth (NYSE: BLS) and MDU Communications International, Inc. (OTC: MDTV) (BULLETIN BOARD: MDTV) , have signed agreements to provide a triple play of services to Post Spring, a 452 unit Post Properties, Inc. development, and The Reynolds, a 130 unit Urban Realty Partners complex, both in the Atlanta, Georgia, market.
“Post Properties and Urban Realty Partners are well-respected developers of multi-family luxury apartments and condominiums and BellSouth is pleased to be able to deliver the products and services that make sense to their residents,” said Phil Jacobs, president - BellSouth Community Technologies. “The combination of BellSouth's reputation and reliable communications products and MDU Communication's video services and experience with multi- family properties will uniquely position both companies to meet the demanding service and reliability requirements of today's multi-family owners, developers and residents.”
Under the terms of their sales teaming agreement, BellSouth and MDU Communications jointly propose, offer and deliver innovative bundles of voice, data and DIRECTV® programming packages specifically designed for the MDU market and provide property owners and residents an alternative to franchised cable.
Post Properties, founded more than 30 years ago, is one of the largest developers and operators of upscale multi-family communities in the United States. The company's mission is delivering superior satisfaction and value to its residents, associates, and investors, with a vision of being the first choice in quality multi-family living. Operating as a real estate investment trust (REIT), the company focuses on developing and managing Post® branded resort-style garden and high density urban apartments. In addition, the company develops high-quality condominiums and converts existing apartments to for-sale multi-family communities. Post Properties is headquartered in Atlanta, Georgia, and has operations in nine markets across the country.
Post Properties owns 21,722 apartment homes in 61 communities, including 545 apartment units in two communities held in unconsolidated entities and 512 apartment units in two communities currently under construction. The company is also developing 230 for-sale condominium homes and is converting 597 apartment units in four communities (including 121 units in one community held in an unconsolidated entity) into for-sale condominium homes through a taxable REIT subsidiary.
The Reynolds, developed by Urban Realty Partners, is an architecturally- inspired building offering a boutique condominium environment. Its traditional architecture provides a genuine alternative to other properties in the area, with fewer and larger units. The Reynolds is located within the in-town SoNo district of Atlanta, offering countless restaurants, shops and cultural attractions, within footsteps.
BellSouth and MDU Communications will jointly coordinate network construction at the properties to assure on-time delivery of the latest and most reliable communications and entertainment services.
“The sales teaming agreement between BellSouth and MDU Communications is and will continue to be an effective method for both companies to combine their individual strengths and provide great products and service to the generally under-served multi-family market,” commented Sheldon Nelson, Chief Executive Officer of MDU Communications. “BellSouth's introduction of MDU Communications to Post Properties has already resulted in a relationship that is taking MDU Communications beyond the Southeastern territory and into our other regions,” added Nelson.
About BellSouth Corporation
BellSouth Corporation is a Fortune 500 communications company headquartered in Atlanta, Georgia. BellSouth has joint control and 40 percent ownership of Cingular Wireless, the nation's largest wireless voice and data provider with 57.3 million customers.
Backed by award-winning customer service, BellSouth offers the most comprehensive and innovative package of voice and data services available in the market. Through BellSouth Answers®, residential and small business customers can bundle their local and long distance service with dial-up and high-speed DSL Internet access, satellite television and Cingular® Wireless service. For businesses, BellSouth provides secure, reliable local and long distance voice and data networking solutions. BellSouth also offers print and online directory advertising through The Real Yellow Pages® and YELLOWPAGES.COM™ from BellSouth.
BellSouth believes that diversity and fostering an inclusive environment are critical in maintaining a competitive advantage in today's global marketplace. More information about BellSouth can be found at http://www.bellsouth.com/.
About MDU Communications
MDU Communications International, Inc. (OTCBB: MDTV) is a leading provider of premium communication/information services, including digital satellite television and high-speed (broadband) Internet services, exclusively to the United States multi-dwelling unit (MDU) marketplace - estimated to include 26 million residences. Through its wholly owned subsidiary, MDU Communications (USA) Inc., MDU Communications delivers DIRECTV® digital satellite television services and high-speed (broadband) Internet systems and is committed to delivering the next generation of interactive communication services to MDU residents. For additional information, please see http://www.mduc.com/ or contact Investor Relations at (973) 237-9499.
SOURCE: BellSouth Corporation
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