ADTRAN Holdings, Inc. - ADTN STOCK NEWS

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.

ADTRAN, a leader in next-generation networking solutions, will meet with investors at the Rosenblatt Securities The Age of AI Scaling Technology Summit on June 10, 2022, to discuss industry trends and provide updates on its business. The conference will be held virtually, and discussions may involve forward-looking statements that carry inherent risks and uncertainties. Investors are advised that actual results could differ materially from projected outcomes.

Adtran (NASDAQ: ADTN) announces a partnership with Sure to deploy its 10G fibre access platform in Guernsey, aiming to deliver XGS-PON services to 30,000 homes and businesses by 2026. This collaboration will enhance connectivity and support the rising demand for online services on the island. Adtran's end-to-end fibre solutions promise quick installation and reduced energy consumption for Sure, reinforcing its competitive edge in the region.

ADTRAN, Inc. (NASDAQ: ADTN) will participate in the Loop Capital Third Annual Investor Conference on June 2, 2022, at The Westin New York at Times Square. Representatives will update investors on company performance and discuss industry trends that may impact the market. The presentation may include forward-looking statements, which involve risks and uncertainties. These potential discrepancies from projections are outlined in the company's SEC filings under 'Risk Factors' and other relevant sections.

Adtran, Inc. (NASDAQ: ADTN) announced that Finnish altnet Fibernet has chosen its 10G Fiber Access Platform to construct a scalable XGS-PON network aimed at connecting 50,000 customers. Utilizing innovative fiber trenching technology, Fibernet's approach promises faster network deployment to meet growing demand for high-bandwidth internet services in Finland. The partnership leverages Adtran’s reliable solutions to enhance broadband offerings, supporting services like IPTV and telehealth.

ADTRAN, a leading provider of next-generation networking solutions, will present at the Cowen 50th Annual Technology, Media & Telecom Conference on June 1, 2022, at 4:30 PM ET in New York City. The presentation will cover company performance and industry trends that may impact the market. A live webcast of the event will be available here. ADTRAN emphasizes its commitment to advancing global networking through innovative solutions that connect people, places, and things.

ADTRAN reported its Q1 2022 financial results, revealing revenue of $154.5 million, a 21% year-over-year growth. The company incurred a net loss of $1.1 million, translating to a loss of $0.02 per share. In contrast, non-GAAP net income reached $9.9 million, with a non-GAAP EPS of $0.20 when excluding certain expenses. Fiber access platforms led growth with a remarkable 61% increase. The board declared a quarterly cash dividend of $0.09 per share, payable on June 2, 2022.