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 January 19, 1999
(Date of earliest event reported) (January 19, 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 January 19, 1999, the Registrant issued the following press release:
"Maine and Rhode Island Public Utility Commissions, in Separate Proceedings,
Grant CTC Communications Corp's Petition to Strike Down Bell Atlantic's Anti-
Competitive Policy
WALTHAM, Mass.--Jan. 19, 1999--CTC Communications Corp. (NASDAQ:CPTL)
announced today that in separate decisions, both the Maine Public Utilities
Commission and the Rhode Island Public Utilities Commission granted the
petitions of CTC for Emergency Relief and ruled that Bell Atlantic must
permit the lawful assignment of customer contracts to CTC.
CTC, in its petitions, charged that Bell Atlantic was in violation of the
Telecommunications Act of 1996 and applicable state law in wrongfully
refusing to process resale orders for customers with contracts, unless the
customer paid a termination of service fee to Bell Atlantic.
Both Commissions found that Bell Atlantic's customer termination fee policy
was contrary to state law that permits assignment of service contracts.
Further, the Rhode Island Commission found that Bell Atlantic's termination
penalties were in violation of the Telecommunications Act of 1996 which
prohibits restrictions or limitations on resale. Similarly, the Maine
Commission found that assignment of contracts is consistent with the
Telecommunications Act's public policy on competition. Both Commissions
stated that they would issue written orders on these rulings over the next
few weeks.
Robert Fabbricatore, Chairman and CEO of CTC stated "The decisions rendered
in Maine and Rhode Island constitute important victories, not only for CTC,
but for the consumers in those states who will now have freedom of choice
without the anti-competitive and monopolistic restraints imposed by Bell
Atlantic. It is important to note that in the states where CTC has filed
these petitions on customer termination charges, Maine, New Hampshire,
Massachusetts, Rhode Island and New York have all struck down Bell Atlantic's
anti-competitive restraint. CTC's petition in Vermont is still pending
decision by the Vermont Public Service Board."
Mr. Fabbricatore continued, "Bell Atlantic continues to put in place
restraints that are clearly aimed at limiting competition and denying
customer choice. These restraints exemplify a continuing monopolistic power
that runs counter to both the Telecommunications Act of 1996 and an open and
competitive marketplace. Consumers deserve freedom of choice and the option
of better service at better prices. CTC is firmly committed to continuing its
opposition to monopolistic restraints that block competition and deny
customer choice."
CTC is a rapidly growing provider of integrated communications solutions to
small and medium-sized business customers in the Northeastern 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 175 member direct sales force
located in 25 branch offices throughout Massachusetts, New York, Connecticut,
<PAGE>
New Hampshire, Vermont, Rhode Island, Maine, and Maryland. CTC's headquarters
is in Waltham, Massachusetts and CTC can be found on the worldwide web at
http://.ctcnet.com. Investors seeking information on CTC's transition to
facilities-based CLEC strategy are encouraged to review the fiscal second
quarter conference call notes from our November 5, 1998 investor conference
call on our website.
The statements in this press release that relate to future plans, events or
performance are forward-looking. These statements involve risk and
uncertainties that could cause actual results to differ materially from those
reflected or implied 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
http//www.ctcnet.com"
<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
January 19, 1999
