Party on AFCI!
Monday June 12, 5:35 pm Eastern Time
Company Press Release
SOURCE: Advanced Fibre Communications, Inc.
ALLTEL Signs $105M Deal to Purchase and Deploy ADSL-ready Equipment From Advanced Fibre Communications
PETALUMA, Calif., June 12 /PRNewswire/ -- Advanced Fibre Communications©, Inc. (AFC) (Nasdaq: AFCI - news), a leader in multi-service broadband solutions for the telecommunications industry, today announced a three-year contract extension with ALLTEL Corporation (NYSE: AT - news), Little Rock, Ark. The agreement calls for continued supply and deployment of AFC's UMC1000© Multi-Service Access Platform (MSAP) through ALLTEL's product distribution division, ALLTEL Communications Products, Inc., (ACP). The new contract is valued at approximately $105 million.
Under the terms of the agreement, AFC will supply ALLTEL with its UMC1000© SYSTEM 7.0 MSAP, which is ADSL-ready. In addition to ADSL services, the UMC1000© MSAP can provide ALLTEL and its distributors with a full suite of other services, including additional POTS lines, ISDN, T1/E1, HDSL and SDSL over copper, fiber and wireless transport technologies.
``We are delighted to sign such a significant agreement with such a valued customer,'' said Jack Ermey, vice president of national local exchange carrier sales for AFC. ``ALLTEL Communications Products is not only the primary supplier of AFC's ADSL/ATM-based UMC1000© for their affiliate companies, but they are also one of the leaders in the telecommunications distribution market.''
Since 1995, ACP has been distributing AFC's UMC1000© MSAP to local ALLTEL companies, and has been a distributor to non-affiliate companies for the past year and a half. The company is one of only two national AFC distributors and will retain its right to re-sell AFC's UMC1000© to affiliate and non-affiliate companies throughout the U.S.
``By signing this agreement, the efforts to sell the AFC product line outside of our ALLTEL-affiliated business is greatly enhanced,'' said Bob Cori, vice president of ALLTEL Communication Products. ``Potential markets include our vast listing of public service providers as well as our end-user customers.''
The UMC1000© MSAP overcomes distance barriers faced by solutions that rely upon central office deployment and it's a modular-type platform, offering carriers the ability to deploy a full suite of narrowband and broadband services from a single platform. ALLTEL believes the UMC1000's© ability to rapidly and cost-effective deploy a variety of telephony services such as DSL to suburban and rural customers complements one of the company's objectives -- deploying state-of-the-art equipment that provides broadband services to suburban and rural America.
About ALLTEL
ALLTEL, with more than 9 million communications customers, $6.5 billion in annual revenues and 24,000 employees, is a leader in the communications and information services industries. ALLTEL has communications customers in 25 states and provides information services to telecommunications, financial and mortgage clients in 55 countries and territories.
About AFC
Advanced Fibre Communications©, Inc. (AFC©) designs and manufactures worldwide broadband access solutions for the last mile. AFC's OmniMAX(TM) is a global product family consisting of industry-leading multi-service access platforms with integrated optics and intelligent CPE. AFC's OmniMAX(TM) products can quickly and cost-effectively upgrade legacy networks, ubiquitously delivering narrowband, wideband and broadband services to all subscribers regardless of their geographic location from a carrier's central office.
AFC's OmniMAX(TM) product portfolio consists of: AccessMAX(TM), a variety of broadband multi-service access platforms that provide local loop voice, data and broadband solutions; PremMAX(TM), a series of integrated access devices (IADs) that provide integrated voice and data at the customer premises; and TransMAX(TM), a Sonet/SDH optical transport system for metro ring solutions. AFC is also a leading designer and manufacturer of environmentally hardened outside plant cabinets and technology, ranging from 48 to 2,048 lines, as well as indoor cabinets ranging from 48 to 480 lines.
AFC is a corporate member of NMSDC (National Minority Supplier Development Council), a member of TIG (Telecommunications Industry Group) and a participant in the Northern California Supplier Development Council.
Except for historical information contained in this press release, the foregoing contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from those indicated by such forward-looking statements based on a variety of risks and uncertainties, including the risks and uncertainties relating to actual quantities and timing of any orders received under the contract and the successful development and market acceptance of AFC's new products. Information about potential factors that could affect AFC's financial results is included in AFC's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, which have been filed with the Securities and Exchange Commission.
NOTE: AFC, the AFC logo and the UMC1000 are registered trademarks of AFC. OmniMAX, TransMax, PremMax and AccessMax are trademarks of AFC. All other products or service names mentioned herein are the property of their respective owners.
SOURCE: Advanced Fibre Communications, Inc. |
