ADTRAN Holdings, Inc. - ADTN STOCK NEWS

Adtran announces a partnership with AW Broadband to deploy a 100% fiber-based network in rural Texas, enhancing underserved communities and attracting economic growth. The project utilizes Adtran's end-to-end fiber broadband solution, featuring the 10G fiber access platform and Mosaic One cloud software. This initiative is funded through the Rural Digital Opportunity Fund, enabling scalable and flexible solutions for high-speed internet access. The deployment is expected to stimulate local economies by supporting businesses and improving connectivity for residents.

Adtran has entered an exclusive partnership with Fiber Homes, providing its customers access to a discounted fiber internet marketing platform. This collaboration will integrate Fiber Homes into Adtran's Mosaic One cloud software, enhancing prospecting capabilities for service providers. The integration will allow better identification of revenue opportunities and bolster local partnerships with real estate entities. Adtran positions itself as the only fiber broadband solutions provider with this exclusive collaboration, which aims to improve competitiveness among its customer base.

Adtran has been selected by Lothian Broadband to design and build a new core network for a multi-gigabit-capable fibre broadband solution, targeting underserved regions in Scotland. This partnership aims to extend broadband access to over 70,000 premises using Adtran’s XGS-PON technology. The project will enhance connectivity for voice, video, and internet services, ensuring a 99% premise yield for reliable Gigabit broadband. The move signifies a shift from fixed wireless access to a scalable fibre network, enabling economic opportunities in local communities.

Adtran announced that ITS Technology Group has selected its open and disaggregated 10G fibre access platform to enhance its wholesale network in the UK. This move supports ITS's aim to build a reliable Gigabit-capable infrastructure under the Faster Britain initiative. The Adtran platform promises flexibility and scalability, crucial for meeting the evolving demands of ITS's wholesale partners. It also allows for incremental deployment of services, creating a competitive edge in the market. The initiative aims to pass 25% of UK business premises by year-end 2022.

Adtran, a leader in fiber access solutions, announced that Michigan Broadband Services is utilizing its 10G fiber access platform and cloud software to enhance broadband services for residential and business customers. The collaboration aims to provide high-speed, reliable internet, especially in rural areas where connectivity is limited. Adtran's technology, including AI-driven Wi-Fi management, supports scalable and flexible network solutions, ensuring excellent customer service and higher quality broadband. This partnership reflects Adtran's commitment to empowering local service providers.

ADTRAN Holdings announced that its representatives will participate in the Jefferies 2022 Semiconductor, IT Hardware & Communications Infrastructure Summit on August 31, 2022, in Chicago. They will provide updates on the company and discuss potential market impacts. The discussions may include forward-looking statements that carry risks and uncertainties, with actual results possibly differing from projections. ADTRAN, a global provider of networking solutions, aims to address future requirements through its partnership with ADVA Optical Networking, focusing on cloud and network synchronization.

Adtran has partnered with TPG Telecom Group to enhance broadband speeds in Eastern Australia. This upgrade utilizes Adtran's second-generation Gigabit Gfast fiber extension portfolio, enabling TPG to provide Gigabit services to over 230,000 premises and 2,000 buildings. TPG becomes the first major telco in Australia to deploy Gfast technology, achieving speeds up to 10 times faster than competitors. The collaboration addresses global supply constraints and aims to revolutionize TPG’s service offerings, enhancing connectivity for both residential and business customers.

ADTRAN Holdings, Inc. (NASDAQ: ADTN) reported a strong second quarter of 2022 with revenue of $172.0 million, a net income of $2.1 million, and earnings per share of $0.04. Non-GAAP results showed net income of $9.7 million and earnings per share of $0.19. The company experienced increased demand for its fiber broadband solutions across domestic and international markets. A quarterly cash dividend of $0.09 per share was declared, payable on September 1, 2022. CEO Tom Stanton highlighted record customer demand and the integration of ADVA as integral to future growth.

ADTRAN Holdings, Inc. (NASDAQ: ADTN) will announce its Q2 2022 financial results after market close on August 3, 2022. A conference call is scheduled for August 4, 2022 at 9:30 a.m. CT to discuss these results. Investors can access the call via the Investor Relations site. The call will be webcast, and a replay along with the transcript will be available on the website for at least 12 months.