ADTRAN Holdings, Inc. - ADTN STOCK NEWS

ADTRAN announced that Alncom, a rural broadband provider in the UK, is utilizing the ADTRAN Total Access 5000 platform to deploy a Gigabit-ready FTTH network. This initiative aims to enhance internet access in Northumberland and County Durham, where many residents previously faced limitations with speeds of only 1.5 Mbps. Secured through private investments and the UK’s Gigabit Broadband Voucher Scheme, Alncom is set to transform its services, creating opportunities for local communities.

ADTRAN announces its partnership with Wildanet to provide a new fibre network using XGS-PON technology in Cornwall, UK. This project aims to deliver ultra-fast broadband to underserved areas, enhancing connectivity for homes and businesses. The initiative is crucial for supporting Cornwall's growing tech industry and tourism sector, which rely on high-speed internet. The deployment of 10Gbps fibre broadband is expected to significantly improve economic opportunities and quality of life in the region.

ADTRAN announced that its technology partner Netomnia is deploying a state-of-the-art fiber network in the UK. Utilizing ADTRAN's SD-Access architecture, Netomnia aims to pass 1 million premises by 2024, having already reached 50,000 in just one year.

Investments in the new fiber infrastructure are designed to serve underserved communities, enhancing broadband access and quality. The network features programmability to adapt to future technologies and is poised to deliver high-speed services effectively.

ADTRAN and ADVA have announced a business combination to form a leading provider of fiber networking solutions, aimed at enhancing their services for communications providers and government entities. The merger will create a combined revenue of $1.2B and provide over $50 million in annual cost synergies. Following the all-stock transaction, ADTRAN shareholders will hold approximately 54% of the new entity. The companies anticipate significant value creation, capitalizing on the growing demand for fiber connectivity in the U.S. and Europe.

ADTRAN and ADVA announced a strategic business combination aiming to create a leading global provider of fiber networking solutions. The merger, forming a company with combined revenue of $1.2B, enhances their portfolio and positions them to benefit from rising fiber investment. Shareholders of ADTRAN will hold 54% of the new entity, with cost synergies expected to exceed $50 million annually. The transaction, pending regulatory approval, includes dual-listing on the NASDAQ and Frankfurt Stock Exchange.

ADTRAN (NASDAQ: ADTN) announced its participation in the Jefferies 2021 Virtual Semiconductor, IT Hardware & Communications Infrastructure Summit on September 1, 2021. Company representatives will meet with investors to discuss updates on ADTRAN and industry trends affecting its business. The discussions may include forward-looking statements, which are subject to risks and uncertainties that could lead to actual outcomes differing from expectations. Investors are advised to consider these risks as part of their assessment.

ADTRAN (NASDAQ:ADTN) reported Q2 2021 revenue of $143.2 million with a net income of $5.1 million, leading to diluted earnings per share of $0.10. Non-GAAP figures showed net income of $8.1 million and earnings per share of $0.16, excluding specific expenses. Strong fiber access demand drove growth, particularly among Tier 3 regional operators in the U.S. and Europe, with a year-over-year increase of over 50%. Additionally, a cash dividend of $0.09 per common share was declared for shareholders of record as of August 19, 2021.

ADTRAN, Inc. (NASDAQ:ADTN) expands its Mosaic One platform to enhance cloud-delivered SaaS capabilities for service providers. The new suite includes three applications: Mosaic One Promote for targeted marketing, Mosaic One Care for customer support, and Mosaic One Operate for operational efficiency. This development positions ADTRAN as a comprehensive provider of fiber broadband solutions, enabling service providers to improve competitiveness and create new revenue streams. The applications offer unique insights into subscriber behavior and optimize service delivery.

ADTRAN, Inc. (NASDAQ: ADTN) will announce its Q2 2021 financial results after market close on August 4, 2021. A conference call to discuss the results will occur on August 5, 2021, at 9:30 a.m. Central Time. Investors can access the live webcast via the Investor Relations site, where a replay and transcript will also be available post-call. ADTRAN focuses on connecting people and services through innovative communications solutions, aiding global service providers in optimizing technology infrastructures.