This month's edition of NPRG's Research Report on CLEC Issues reviews the progress of CLEC market capitalization, stock price and capital financing over the last few years. Although these are important indices, they are just three indicators of the overall viability of CLECs. Now that CLECs have invested heavily in facilities and back office infrastructure, investors will be watching for the payoff in terms of increased revenues. NPRG will examine revenue drivers in a later edition of Research Report on CLEC Issues this year.

Since NPRG last published this stock review in 1998, the CLEC market has grown considerably in terms of the number of publicly-held companies, their market value, and the amount of financing made available.