Brightspeed Invests in Next Generation Services with Ribbon's Comprehensive Network Transformation Solution

Rhea-AI Summary

Ribbon Communications Inc. (Nasdaq: RBBN) and Brightspeed announced a collaboration to modernize Brightspeed's network infrastructure. Brightspeed, the fourth largest fiber builder in the US, is utilizing Ribbon's comprehensive solutions to upgrade legacy assets while maintaining uninterrupted services. The transformation includes:

1. Deployment of Ribbon's C20 Call Controller, Application Server, SBC, PSX server, and RAMP
2. Implementation of Ribbon's NPT 1250 multi-service access routing platform
3. Replacement of power-hungry legacy equipment with energy-efficient solutions
4. Seamless transition without impacting customers or regulatory compliance

This modernization aims to enhance operational efficiency, flexibility, and capabilities while reducing power consumption and physical footprint. Brightspeed's CTO Brian Bond emphasized the importance of scalability in their fiber broadband network expansion across 160+ communities.

Positive

• Brightspeed's network modernization enhances operational efficiency and scalability
• Ribbon's solutions reduce power consumption and physical footprint of network infrastructure
• Seamless transition ensures uninterrupted services for existing customers
• Partnership enables Brightspeed to compete effectively in the telecommunications landscape

Negative

• None.

Insights

Tech Expert

Brightspeed's investment in Ribbon's comprehensive network transformation solution marks a significant step in the telecommunications industry. By modernizing its network infrastructure, Brightspeed can better manage its legacy systems while introducing next-gen capabilities. This move will likely enhance operational efficiency, reduce energy consumption and provide a more scalable and flexible network architecture. Ribbon's solutions, including the NPT 1250 and the C20 Call Controller, are designed to replace outdated, power-intensive equipment with more efficient technology. This shift can potentially reduce operational costs and improve service reliability.

For a retail investor, it's important to understand that such technological upgrades can enhance Brightspeed's competitive positioning in a rapidly evolving market. However, the actual impact on financial performance will depend on implementation success and customer adoption rates.

Understanding terms like network transformation and technology convergence can be beneficial. Network transformation refers to upgrading or overhauling a network's infrastructure to incorporate new technologies and capabilities, potentially leading to better performance and lower costs. Technology convergence, in this context, means integrating various communication technologies into a single, unified framework to streamline operations and enhance service delivery.

In the short term, investors might see initial expenses associated with the deployment and transition, but long-term gains in operational efficiency and reduced maintenance costs could positively impact profitability.

Financial Analyst

From a financial perspective, Brightspeed's partnership with Ribbon represents a strategic investment aimed at long-term cost savings and enhanced service capabilities. The deployment of Ribbon's advanced solutions is expected to drive down operational costs by reducing power consumption and the need for extensive physical infrastructure. This can translate into higher profit margins over time. Moreover, modernizing the network infrastructure positions Brightspeed to better serve its customer base, potentially leading to increased customer satisfaction and retention, which is important for revenue stability and growth.

For retail investors, it's important to consider the broader implications of such technological investments. While there may be short-term capital expenditures, the efficiency gains and improved service quality can lead to long-term financial benefits. Comparing this move to industry norms, it's evident that telecom companies investing in network transformation often see improved operational performance and customer metrics.

Investors should also monitor the rollout progress and any updates on the financial impact of these changes in upcoming earnings reports. Given the potential for significant cost savings and enhanced service delivery, this development can be viewed as a positive move for Brightspeed's future financial health.

Secures operational excellence and continuity while driving down operational costs

PLANO, Texas, July 18, 2024 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the world's largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks, along with Brightspeed, an internet service provider and the nation's fourth largest fiber builder, today announced that Ribbon's solutions are helping modernize Brightspeed's network infrastructure while maintaining uninterrupted services for existing customers.

"Building a fiber broadband network across more than 160 communities in our footprint requires an investment in ensuring we can accelerate scalability," said Brightspeed Chief Technology Officer Brian Bond. "Ribbon's advanced solutions enable us to efficiently manage and upgrade our legacy assets with next-generation innovation to gain the operational efficiencies, flexibility and capabilities that facilitate our network transformation."

Brightspeed is leveraging a suite of Ribbon solutions including the C20 Call Controller, Application Server, SBC, PSX centralized policy and routing server, and Ribbon Application Management Platform (RAMP) to modernize its legacy central office equipment and lay the foundation for further innovation. Additionally, Ribbon's NPT 1250 multi-service access routing platform, part of Ribbon's comprehensive Neptune IP Routing portfolio, enables technology convergence for the service provider's legacy assets.

Ribbon's network transformation solution helps enable Brightspeed to seamlessly replace decades-old rooms full of power-hungry legacy equipment, while its top tier professional services make the deployment transparent to both Brightspeed customers and regulatory bodies. Once operational, the new solution will use a fraction of the power, HVAC and real estate of the previous infrastructure while offering new capabilities, assuring the long-term reliability of Brightspeed's network without impacting Brightspeed's operational or billing systems.

"Brightspeed is setting the bar for how independent service providers can operate and compete in today's telecommunications landscape," said Sam Bucci, Chief Operating Officer and EVP, Ribbon. "Their blazing fast voicemail transition illustrates their ability to quickly drive cost out of their infrastructure while ensuring their customers have access to critical functionality. We look forward to being a part of their ongoing network transformation success."

About Brightspeed
Headquartered in Charlotte, N.C. and with assets and associated operations in 20 states, Brightspeed provides broadband and telecommunications services through a network platform capable of serving more than 6.5 million homes and businesses. Our more than 4,000 employees are committed to building a future where more communities benefit from a more connected life, deploying a state-of-the-art fiber network and a customer experience that makes being connected as simple as it should be. For more information, please visit www.brightspeed.com.

About Ribbon
Ribbon Communications (Nasdaq: RBBN) delivers communications software, IP and optical networking solutions to service providers, enterprises and critical infrastructure sectors globally. We engage deeply with our customers, helping them modernize their networks for improved competitive positioning and business outcomes in today's smart, always-on and data-hungry world. Our innovative, end-to-end solutions portfolio delivers unparalleled scale, performance, and agility, including core to edge software-centric solutions, cloud-native offers, leading-edge security and analytics tools, along with IP and optical networking solutions for 5G. We maintain a keen focus on our commitments to Environmental, Social and Governance (ESG) matters, offering an annual Sustainability Report to our stakeholders. To learn more about Ribbon, please visit rbbn.com.

Important Information Regarding Forward-Looking Statements  
The information in this release contains forward-looking statements regarding future events that involve risks and uncertainties. All statements other than statements of historical facts contained in this release, including those regarding the expected benefits from use of Ribbon Communication's products, are forward-looking statements. The actual results of Ribbon Communications may differ materially from those contemplated by the forward-looking statements. For further information regarding risks and uncertainties associated with Ribbon Communications' business, please refer to the "Risk Factors" section of Ribbon Communications' most recent annual or quarterly report filed with the SEC. Any forward-looking statements represent Ribbon Communications' views only as of the date on which such statement is made and should not be relied upon as representing Ribbon Communications' views as of any subsequent date. While Ribbon Communications may elect to update forward-looking statements at some point, Ribbon Communications specifically disclaims any obligation to do so.

Investor Contact 
+1 (978) 614-8050
ir@rbbn.com       

Media Contact
Catherine Berthier
+1 (646) 741-1974
cberthier@rbbn.com 

Gene Rodriguez Miller
pr@brightspeed.com

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SOURCE Ribbon Communications Inc.

FAQ

What solutions is Ribbon Communications providing to Brightspeed for network transformation?

Ribbon is providing Brightspeed with a suite of solutions including the C20 Call Controller, Application Server, SBC, PSX centralized policy and routing server, Ribbon Application Management Platform (RAMP), and the NPT 1250 multi-service access routing platform from the Neptune IP Routing portfolio.

How will Ribbon's network transformation solution benefit Brightspeed's operations?

Ribbon's solution will enable Brightspeed to replace old, power-hungry equipment with more energy-efficient alternatives, reduce physical footprint, and introduce new capabilities while maintaining long-term network reliability. This transformation will not impact Brightspeed's operational or billing systems.

What is Brightspeed's position in the fiber broadband market?

Brightspeed is the fourth largest fiber builder in the United States, focusing on building a fiber broadband network across more than 160 communities in its footprint.

How does the Ribbon-Brightspeed collaboration affect RBBN stock?

While the direct impact on RBBN stock is not specified, this collaboration demonstrates Ribbon's ability to secure significant contracts with major telecom providers, potentially positively influencing investor sentiment towards RBBN.