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AFCI Advanced Fibre Communications (MM)

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Share Name Share Symbol Market Type
Advanced Fibre Communications (MM) NASDAQ:AFCI NASDAQ Common Stock
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SBC Signs New Agreement With AFC for Broadband Access Solutions

02/06/2004 1:30pm

PR Newswire (US)


Advanced Fibre Communications (NASDAQ:AFCI)
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SBC Signs New Agreement With AFC for Broadband Access Solutions SBC to Deploy AFC's AdvancedVoice and UniversalDSL Solutions PETALUMA, Calif., June 2 /PRNewswire-FirstCall/ -- AFC(R) (NASDAQ:AFCI), The Acronym for Access(SM), today announced a new five-year contract extension with SBC Services Inc., a subsidiary of SBC Communications Inc. (NYSE:SBC), to provide its AdvancedVoice(SM) and UniversalDSL(SM) solutions, which leverage AFC's industry-leading portfolio of AccessMAX(TM) integrated multiservice access platforms (IMAPs), outside plant cabinets, and network management systems. AFC has been a supplier of broadband access solutions to SBC since 1997. Financial terms of the new agreement were not disclosed. "This new agreement extends a long-standing relationship between the companies, building upon AFC's strong support of SBC initiatives to aggressively deploy broadband services," said John Schofield, chairman, president and CEO of AFC. "This agreement expands our addressable market to include large line size and adjunct DSL applications, as well as residential and business fiber access. With these solutions, SBC can seamlessly and cost- effectively evolve its existing infrastructure to faster, more scalable next- generation networks that will deliver a broader range of advanced voice and high-speed broadband services." Delivering narrowband, wideband, and broadband services, AFC's AdvancedVoice solution enables the evolution of carrier networks at their own pace, regardless of shifts in the regulatory environment or market trends. Carriers can maximize their existing network investments, while providing a simple and cost-effective path to total packetization of their access networks. AFC's UniversalDSL solution can be deployed in both integrated (voice plus DSL) and overlay (DSL only) applications. The Company's installed base of AccessMAX systems -- more than 100,000 -- provides a foundation for carriers to deploy AFC's FiberDirect(SM) solution, a carrier's most direct path to fiber-to-the-premises (FTTP). "We're seeing aggressive deployment of DSL from both central offices and remote terminals by the nation's RBOCs, as evidenced by SBC's recently disclosed net gain of nearly half a million DSL lines in the first quarter," commented Teresa Mastrangelo, program director of broadband access at research and analyst firm RHK. "This is a growing trend that will benefit AFC, which has been selling its AccessMAX IMAPs into regional Bell accounts for many years." The extensive functionality of AFC's AccessMAX allows carriers to deploy a common platform across a wide range of key applications that include broadband digital loop carriers, legacy DLC revitalization, overlay DSLAM, as well as FTTP and deep-fiber overlay. "AFC's AccessMAX product family set the mold for 21st century wireline access platforms when introduced over a decade ago. It was the first -- and still remains the only -- platform capable of being configured as a DLC, DSLAM, OLT (optical line terminal), or media gateway," added Schofield. "AFC coined the term 'integrated multiservice access platform' and the corresponding acronym 'IMAP' to signify the unification of these discrete network elements into a single, cost-effective platform that reduces the cost of ownership for carriers and enables unmatched network evolution." About AFC Headquartered in Petaluma, Calif., AFC is a leading provider of broadband access solutions for the global telecommunications industry. With a customer base of more than 800 service providers worldwide, AFC continues to build and support the world's evolving broadband access network architecture. Advanced Fibre Communications, Inc., AFC, the AFC logo, and DISC*S are registered trademarks of Advanced Fibre Communications, Inc. AccessMAX is a trademark, and The Acronym for Access, AdvancedVoice, FiberDirect, and UniversalDSL are service marks of Advanced Fibre Communications, Inc. Copyright 2004. All rights reserved. Any other trademarks are the property of their respective owners. For more information, please visit AFC online at http://www.afc.com/ or call 1-800-690-AFCI. Except for historical information contained in this press release, the foregoing contains forward-looking statements regarding future events and the future performance of AFC that involve risks and uncertainties, including statements concerning the expectation that demand for AFC's broadband access solutions will grow. Actual results may differ materially from those indicated by such forward-looking statements based on a variety of risks and uncertainties, including the risks regarding the timing and quantity of orders under the new agreement; the uncertainties relating to growth in demand for broadband services; the risk that AFC's new products will not achieve anticipated market acceptance; the potential for business disruption and other risks associated with AFC's pending merger with Tellabs, Inc.; and the risk that AFC will experience increased competition due to its expanded product offering. Information about additional potential factors that could affect AFC's financial results is included in AFC's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, which have been filed with the Securities and Exchange Commission. We undertake no obligation to revise or update these forward-looking statements to reflect events or circumstances after today or to reflect the occurrence of unanticipated events. DATASOURCE: AFC CONTACT: Chris Heinemann of AFC, +1-707-792-4019 or Web site: http://www.afc.com/

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