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 May 11, 1999
(Date of earliest event reported) (May 14, 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)
<PAGE>
Item 5. Other Events
On May 11, 1999 and May 14, 1999, the Registrant issued the following
press releases:
1. May 11, 1999 Press Release
"CTC Communications Enters ISP Market
WALTHAM, Mass.--May 11, 1999--CTC Communications Corp. (NASDAQ NNM:CPTL)
announced today that it will enter the Internet Services Providers (ISP)
Market in the New England States, New York, New Jersey and Maryland this
summer.
CTC will provide Internet access services to its customers as part of its
PowerPath(SM) broadband ATM access service. CTC's ICN Network will carry
PowerPath(SM) originated Internet traffic to ICN gateways in Boston and New
York, that have high speed IP backbone connectivity directly to the Internet.
CTC has signed an agreement with Level 3 for the high-speed backbone between
CTC's ICN Network gateways and the Level 3 Internet Network Access point
(NAP). Implementation of the ICN Network gateways and the Level 3 NAP access
is underway and ISP access will be one of CTC's initial network service
offerings late this summer.
Robert J. Fabbricatore, Chairman of the Board and CEO of CTC stated, "The ISP
market is an integral part of our network strategy which leverages the
inherent capabilities and attributes of CTC's Cisco Powered, ICN Network. The
characteristics and design of the ICN Network facilitate CTC's ISP market
entry at reasonable cost and direct connectivity to the Internet will provide
our customers with improved Internet performance. CTC's ISP interconnection
agreement with Level 3 is a further extension of our current agreement and
further compliments the network strategies of each company."
Frederic Kunzi, Vice President and Chief Technology Officer of CTC stated,
"Entering the ISP market is part of our strategy to evolve to a full IP
centric service provider. Through its agreement with Level 3, CTC's Internet
gateways in Boston and New York will provide dedicated, diversely routed DS-
3, IP backbone connectivity to the Internet NAP. CTC's ISP Internet service
design, utilizing PowerPathSM broadband customer access, the ICN Network and
direct gateway connectivity to the NAP, enable the routing of Internet
traffic on a bilateral and equitable basis. This means that a customer in
Bangor Maine or in the eastern tip of Long Island will receive the same
performance and quality of service as customers in Boston or Manhattan. CTC's
ISP Internet access, domain registration and management services will be part
of CTC's initial network service offerings late this summer."
CTC is a rapidly growing provider of integrated communications solutions to
medium and large size business customers in the Northeast U.S. It provides an
extensive array of voice and data services including local, long distance,
frame relay, Internet access and other advanced data services. The Company
markets its services through its 253 member sales and service representatives
located in 25 branch offices throughout Maine, New Hampshire, Vermont,
Massachusetts, Rhode Island, Connecticut, New York and Maryland. Company
headquarters are in Waltham, Massachusetts and CTC can be found on the
worldwide web at www.ctcnet.com.
<PAGE>
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 results, events or circumstances after the date hereof.
CONTACT: CTC Communications Corp.
Executive Vice President and Chief Financial Officer
John D. Pittenger, (781) 466-1302
www.ctcnet.com"
2. May 14, 1999 Press Release
"New Directors Elected to CTC Communications Corp. Board of Directors
WALTHAM, Mass.--May 14, 1999--CTC Communications Corp. (NASDAQ NNM:CPTL)
announced today that Katherine Dietze Courage of Credit Suisse First Boston
and Ralph S. Troupe of International Network Services have been elected to
its Board of Directors.
Ms. Dietze Courage is Managing Director, Investment Banking at Credit Suisse
First Boston with primary account management responsibility for a
telecommunications focussed portfolio of companies. Prior to joining Credit
Suisse First Boston, she was with Salomon Brothers for ten years, most
recently as Managing Director, Global Telecommunications Group. Ms. Dietze
Courage also serves as a member of the Board of Directors of Lightpath
Technologies Inc. and Northeast Optic Network Inc.
Mr. Troupe is Vice President of North America, East at International Network
Services (INS) with responsibility for INS' professional services network
consulting business and INSoft performance management software business. He
has been with INS since 1993 and held a number of senior positions prior to
his current position. Prior to joining INS Mr. Troupe was Regional Manager at
Lexcel Network Management Systems Software Company.
Mr. Robert J. Fabbricatore, Chairman of the Board of CTC Communications
stated: "CTC is fortunate to obtain the participation of Wendy Dietze Courage
and Ralph Troupe as members of its Board of Directors. Their welcome addition
further expands the diversity of experience and talent available on the
Board, and their backgrounds and experience will be of valuable assistance as
CTC continues to accelerate its growth as an Integrated Communications
Provider and expand its ICN Network."
<PAGE>
CTC is a rapidly growing provider of integrated communications solutions to
medium and large sized business customers in the Northeast U.S. It provides
an extensive array of voice and data services including local, long distance,
frame relay, Internet access and other advanced data services. The Company
markets its services through its 253 member sales and service representatives
located in 25 branch offices throughout Maine, New Hampshire, Vermont,
Massachusetts, Rhode Island, Connecticut, New York 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
www.ctcnet.com"
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
May 14, 1999
