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<<PRINCETON, N.J., Nov. 7 /PRNewswire/ -- RCN Corporation (Nasdaq: RCNC - news) today announced its results for the quarter ended September 30, 2001.

Quarterly Highlights
-- EBITDA loss reduced to $44.2 million this quarter, down from
$63.9 million last quarter and $85.8 million loss a year ago.
-- Network connections grew 44 percent to 780,564, up from 543,749 a
year ago.
-- SG&A costs declined for third quarter in a row.
-- Gross margin improved to 57.1 percent.
-- Debt reduction activities saved approximately $75 million in annual
interest expense.

``We see positive trends for our company again this quarter,' said David C. McCourt, Chairman and CEO of RCN Corporation. ``Over the last 9 months, we have brought our EBITDA loss and SG&A spending down by 60 percent and 28 percent, respectively, while revenues grew 20 percent during that same time frame. We have also completed two tender offers that significantly improve our financial position.'>>

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