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 September 7, 1999
(Date of earliest event reported) (September 7, 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.)
220 Bear Hill Rd., 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 September 7, 1999, the Registrant issued the following press
release:
"CTC Communications Announces Converged Voice, Data and Internet Services
WALTHAM, Mass. --Sept. 7, 1999--CTC Communications Corp. (NASDAQ:CPTL) today
announced that it is currently providing customers with state-of-the art,
converged long distance voice, data and Internet services over its
PowerPath(SM) broadband customer access and Cisco powered, Integrated
Communications Network (ICN). CTC's initial ICN product set of originating
long distance voice, private line voice, Internet and frame relay data
services are in operation in various combinations over a single broadband ATM
access facility.
"Today heralds the introduction of the New World communications network",
said Bob Fabbricatore, CTC's chairman and chief executive officer. "CTC's ICN
Network is the communications infrastructure of the future. Combining voice,
data and Internet on a single high-speed broadband network provides our
customers with increased bandwidth, services flexibility and a dynamic,
efficient, cost-effective communications network. More importantly, it
provides our customers with a high-speed gateway to the future, right at
their business locations. CTC is committed to enabling its customers to excel
in the rapidly emerging Internet based world of information transfer, e-
commerce and communications".
CTC's ICN Network is currently deployed in 8 contiguous states in the
Washington DC to Boston Corridor. CTC installs Integrated Access Devices
(IADs) at its business customer locations, where voice, data and Internet
traffic is combined and delivered over broadband ATM packet lines to Cisco
ATM switches within CTC's ICN Network. Customer traffic is routed over the
ICN Network to either its on-net destination, the Internet, or to regional
gateways which enable Network to Network Interconnection (NNI) to other ATM
and frame relay data networks as well as long distance voice carriers.
"Converged voice, data and Internet services on our packet-based ICN Network
is a major milestone that is personally and professionally rewarding to me",
said Frederic Kunzi, CTC's Chief Technology Officer. "Providing converged
services is the validation of the primary capability and advantage of our
Cisco powered, ICN network. It also represents the final phase of our
customer beta testing which is nearing completion.
Mr. Kunzi continued, "We are on schedule with our ICN deployment, service
offering plans and our objective of 50 customer locations on-net in
September, and 200 by the end of 1999. CTC is fully subscribed for its 50
customer locations in September and has been signing up customers for ICN
service in the fourth quarter of 1999. As we increase the number of customer
locations on-net and move toward full production, we will continue the timely
delivery of quality products that are technically sound and operationally
efficient."
<PAGE>
About CTC Communications
CTC is a rapidly growing Integrated Communications Provider (ICP) of
communications solutions to medium and larger size business customers in the
Northeast U.S. The Company has a Cisco powered Integrated Communications
Network (ICN) in 8 contiguous states in the Washington DC to Boston Corridor
and provides an extensive array of voice and data services including local,
long distance, frame relay, Internet and advanced data services. The Company
markets its services through its 263 member sales and service representatives
located in 25 branch offices throughout Maine, New Hampshire, Vermont,
Massachusetts, Rhode Island, Connecticut, New York, New Jersey and Maryland.
Company headquarters are in Waltham, Massachusetts and CTC can be found on
the worldwide web at www.ctcnet.com
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.
CONTACT: CTC Communications Corp.
John D. Pittenger, 781/466-1302
Executive Vice President and Chief Financial Officer"
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
September 7, 1999
