SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report March 11, 1999
(Date of earliest event reported) (February 25, 1999)
CTC COMMUNICATIONS CORP.
(Exact name of registrant as specified in its charter)
Massachusetts 0-13627 04-2731202
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
360 Second Ave., Waltham, Massachusetts 02451
(Address of principal executive offices) (Zip Code)
(781) 466-8080
(Registrant's telephone number including area code)
(Former name or former address if changed since last report)
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Item 5. Other Events
On February 25, 1999, the Registrant issued the following press release:
"NEWS RELEASE
For Further Information Contact:
Steve Marcus John D. Pittenger,
Bell Atlantic Corp. Media Relations Executive Vice President -
(212) 395-2363 Finance and Administration
CTC Communications Corp.
(781) 466-1302
Internet:
http//www.ctcnet.com
February 25, 1999
FOR IMMEDIATE RELEASE
CTC Communications and Bell Atlantic Settle Federal Court Case
February 25, 1999 - Bell Atlantic Corp. (NYSE:BEL) and CTC Communications
Corp. (NASDAQ NNM: CPTL) announced today that they have settled the federal
court litigation in the United States District Court in Portland, Maine.
Under the terms of the settlement, CTC will receive cash and other
consideration in settlement of the dispute over commissions earned by CTC
while it was a sales agent for Bell Atlantic. Both parties have agreed to
keep the specific terms of the settlement confidential.
Robert J. Fabbricatore, Chairman of the Board and CEO of CTC stated "CTC is
very pleased with the terms of our settlement and look forward to a long and
continued business relationship with Bell Atlantic."
Jack H. White, an attorney for Bell Atlantic stated, "We are pleased that the
pending litigation has been terminated and that a mutually satisfactory
agreement has been reached. Bell Atlantic looks forward to continuing to
work with CTC on the wholesale side of our business."
CTC is a rapidly growing provider of integrated communications solution to
medium and large-sized business customers in the Northeastern U.S. It
provides an extensive array of voice and data services including local, long
distance, enhanced telephone services, frame relay, Internet access and TI
and ISDN services. The Company markets its services through its 175 member
direct sales force throughout Maine, New Hampshire, Vermont, Massachusetts,
Rhode Island, Connecticut and New York.
The statements in this press release that relate to future plans, events or
performance are forward-looking statements that involve risk and
uncertainties that could cause actual results to differ materially from those
reflected in the forward -looking statements. Readers are, accordingly,
cautioned not to place undue reliance on these forward-looking statements,
which speak only as to the date hereof. Additional information about these
risks and uncertainties is set forth in the Company's most recent report on
Form 10-Q. CTC undertakes no obligation to release publicly the results of
any revisions to these forward-looking statements that may be made to reflect
results, events or circumstances after the date hereof."
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
CTC COMMUNICATIONS CORP.
(Registrant)
By: /s/ John D. Pittenger
John D. Pittenger,
Executive Vice President-
Finance and Administration
March 11, 1999
