ADTRAN Holdings, Inc. - ADTN STOCK NEWS

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.

ADTRAN Holdings has successfully closed its business combination with ADVA Optical Networking, having received all regulatory approvals and shareholder consent. This merger makes ADTRAN Holdings the majority shareholder of ADVA, and the company plans to further integrate operations to enhance its global leadership in fiber networking. With a combined addressable market of $13.7 billion, the new entity aims to offer a comprehensive product portfolio. CEO Tom Stanton expressed confidence in the company's potential for innovation and success post-merger.

Acorn HoldCo and ADVA Optical Networking SE are negotiating a domination agreement as part of Acorn's takeover offer. Acorn HoldCo successfully secured 65.43% of ADVA Shares via a public offer, which allows it to assume control over ADVA’s general meetings. The integration aims to achieve operational synergies, with the domination agreement expected to be implemented by December 31, 2022. Investors are urged to read the official documents associated with the Offer for crucial information.

ADTRAN, Inc. (NASDAQ: ADTN) has received foreign direct investment approval from the German Ministry for Economic Affairs and Climate Action for its merger with ADVA Optical Networking SE. This approval means all conditions for the business combination have been met, and the transaction will proceed toward closing. CEOTom Stanton expressed optimism about the merger, highlighting the enhanced portfolio of fiber networking solutions it will create. The merger was initially announced in August 2021, and regulatory approvals were the final step before closing.

Adtran announced that Horizon has selected its 10G fiber access platform and intelligent SaaS software to expand broadband services in rural communities across Ohio. The collaboration aims to enhance network operations and provide high-quality symmetrical broadband, significantly faster than previous offerings. Horizons plans to serve areas previously reliant on traditional services, deploying multi-gigabit capabilities that are 900x faster. This initiative is positioned to future-proof Horizon's network, enabling scalability and support for various fiber access technologies.