ADC Further Expands Broadband Integration Service Capabilities Into Europe With Acquisition of Computer Telecom Installations Ltd.Business Editors & High-Tech Writers MINNEAPOLIS & SAWTRY, England--(BUSINESS WIRE)--Sept. 18, 2000 Proposed Acquisition Gives ADC (1) See A/D converter. (2) (Apple Display Connector) A peripheral connector from Apple that combines digital video display, USB and power in one cable. Added Capability To Offer Broadband Service Providers An ISP, telephone company, cable company or other carrier that offers high-speed communications to homes and businesses, typically for Internet access. Cable modems, DSL and T1 lines are the common technologies. See broadband, cable modem, DSL and T1. Integration Solutions for Acceleration of Pan-European Network Expansion ADC (Nasdaq:ADCT ADCT Adaptive Discrete Cosine Transform , www.adc.com), a leading global supplier of fiber optics fiber optics, transmission of digitized messages or information by light pulses along hair-thin glass fibers. Each fiber is surrounded by a cladding having a high index of refractance so that the light is internally reflected and travels the length of the fiber , network equipment, software and integration services for broadband, multiservice networks and Computer Telecom Installations Ltd. (CTi), a British company offering installation, commissioning, integration and maintenance of telecommunications networks and equipment, today announced they have completed the acquisition of CTi by ADC. The terms of the deal were not disclosed, and the transaction will have no material effect on ADC's consolidated financial statements Consolidated Financial Statements The combined financial statements of a parent company and its subsidiaries. Notes: Because consolidated financial statements present an aggregated look at the financial position of a parent and its subsidiaries, they enable you to gauge . "ADC is committed to expanding its systems integration business into Europe. This is our second announced acquisition in one month, demonstrating how seriously we take our mission to become the first choice partner of systems integration services for telecom service providers and partners throughout the world," said Jo Anne Anderson Anne Anderson may refer to: People
"ADC offers CTi the depth and stability we need to expand our integration services and grow our position in the European market," said Erwin Vinall, managing director of CTi. "ADC has demonstrated an aggressive and thorough strategy to become the preferred integration services partner to telecom companies in Europe, and we are pleased to join them in this goal." ADC ESTABLISHES PRESENCE IN IMPLEMENTATION AND INTEGRATION SERVICES FOR THE UK AND EUROPEAN MARKET The European telecommunications market forms an important component of ADC's pan-European systems integration strategy. As U.S.-based multi-nationals globalize glob·al·ize tr.v. glob·al·ized, glob·al·iz·ing, glob·al·iz·es To make global or worldwide in scope or application. glob and expand into Europe, European companies It may never be fully completed or, depending on its its nature, it may be that it can never be completed. However, new and revised entries in the list are always welcome. This is a list of companies from the countries in the European Union. also are expanding abroad. Because of this trend, ADC is building a local presence in Europe to serve both sets of customers, while continuing to honor and grow CTi's existing business relationships. In addition, our expanded local presence will allow ADC to serve local customers and PTTs. The market in Europe is poised to continue an expansion and will need companies who can leverage scales of economy while focusing and optimizing local resources. The acquisition of CTi adds breadth to ADC's service portfolio by adding integration solutions for service providers in copper and fiber, transmission, wireless, and CATV (Community Antenna TV) The original name for cable TV. It used a single antenna at the highest location in the community in order to deliver a quality signal to homes in areas with hilly terrain or other interference. . ADC and CTi will jointly leverage each other's existing customer relationships and offer a more complete solution portfolio. In addition, ADC will benefit from CTi's local knowledge and experience through CTi's highly competent and customer-focused personnel. "CTi's outstanding group of employees and expertise will further strengthen ADC's value proposition to communications providers in Europe," said Carlos Calderon, vice president and managing director of ADC's Systems Integration Division -- International. "We already have had the ability to work as partners prior to this proposed acquisition and are confident in the synergies we can leverage from each company." CTi'S SERVICES CTi offers a total solutions package for the installation, commissioning, integration and maintenance of telecommunications networks and equipment. CTi's package includes Site Surveys, Documentation, Cabinet Build, Installation, Commissioning, Network Integration, Project Management, Network Specification, Network Planning, Circuit Routing, Network Provisioning Network provisioning or Service mediation are terms referring to provisioning of the customer’s services to the network elements, mostly used in the telecommunication industry. and Maintenance. ADC'S SYSTEM INTEGRATION BUSINESS ADC's systems integration business is focused on delivering services to telecom service providers worldwide. The business started in the U.S. in 1995 as a result of a growing customer demand for systems integration services. Since its inception, the business has grown rapidly to become an organization of more than 2,400 employees. About CTi CTi, a European company offering installation, commissioning, integration and maintenance of telecommunications networks and equipment, is headquartered in Sawtry, England, and has a regional office in Lyon, France. Formed in 1991, CTi employs nearly 300 people throughout the UK and Europe. In December 1999, CTi was listed at number 46 in The Sunday Times/Virgin Fast Track 100 Index. This is a list of the UK's fastest growing non-quoted companies. About ADC ADC is The Broadband Company(TM). ADC's fiber optics, network equipment, software and integration services make broadband communications a reality worldwide by enabling communications service providers A Communications Service Provider or CSP is a company that transports information electronically. The term encompasses public and private companies in the wireline, wireless, Internet, cable, satellite, and managed services businesses. to deliver high-speed Internet See broadband. , data, video and voice services to consumers and businesses. ADC has annual sales of over $2.8 billion and employs more than 20,900 people worldwide. ADC's stock is included in the Standard & Poor's 500 Index and the Nasdaq-100 Index. Learn more about ADC Telecommunications ADC Telecommunications (NASDAQ: ADCT) is a communications company located in Eden Prairie, Minnesota, a southwest suburb of Minneapolis. History In 1935, Ralph Allison founded ADC Telecommunications in the basement of his south Minneapolis home, inventing ADC's very , Inc. at www.adc.com. Cautionary Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 Any forward-looking statements contained herein reflect management's current expectations or beliefs. ADC Telecommunications cautions readers that future actual results could differ materially from those in forward-looking statements depending on the outcome of certain factors, including the risks and uncertainties identified in Exhibit 99-a to ADC's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the fiscal year ended October 31, 1999. |
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