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 August 26, 1999
(Date of earliest event reported) (August 26, 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 August 26, 1999, the Registrant issued the following press release:
"CTC Communications and Cisco Systems Announce Collaboration for New World
ATM And IP+ATM Services
WALTHAM, Mass.--Aug. 26, 1999--CTC Communications Corp. (NASDAQ:CPTL) and
Cisco Systems, Inc. (NASDAQ:CSCO), the worldwide leader in networking for the
Internet, today announced the signing of a three year Alliance Agreement
between the Companies. The Agreement provides for joint product and
applications development, interoperability and field testing, and joint
marketing of Cisco Powered Network services to CTC Customers. The alliance
will result in the rapid deployment of fully tested new products and
applications based on Cisco's New World network technologies.
Kevin Kennedy, senior vice president of Cisco's Service Provider Line of
Business stated, "This alliance will foster the development of new service
offerings, which will continue to demonstrate and promote the value of Cisco
Powered Networks TM. CTC 's technical expertise coupled with its business
market and customer service will contribute significantly to the rapid
development of value added network services based on Cisco's industry-leading
technology solutions. This alliance will accelerate the realization of a New
World communications infrastructure".
Robert Fabbricatore, Chairman and CEO of CTC stated, "Our Cisco Powered
Network is performing extremely well, beta customer testing is close to
complete and there will be 50 customer locations on network by the end of
September and 200 by the end of 1999. Customer acceptance of this state-of-
the-art network is underscored by the fact that CTC is more than fully
subscribed for its 50 customer location target for September and is currently
signing ICN (Integrated Communications Network) service contracts for the
fourth quarter of 1999. As CTC looks to the future, it is clear that Cisco is
a forward looking Company with exceptional capability to lead the Industry in
providing networking solutions for the rapidly converging voice, data,
Internet and video markets. CTC shares Cisco's vision of a New World
communications infrastructure and through this alliance, will stay on the
forefront of technology and applications developments that equip our Cisco
ATM and IP+ATM network to provide cost effective and value added solutions
for all telecommunications needs. CTC is proud to be recognized by Cisco as a
key contributor to this infrastructure evolution and its integration with
business customer needs and applications."
Frederic Kunzi, CTC's Chief Technology Officer stated, "This alliance will
help CTC deploy and deliver convergent broadband data, voice, video and
Internet services to the business market arena with technically sound and
profitable products and services. Through this alliance, CTC will be involved
in the design, development and implementation of future data, voice, video
and Internet services and applications. The alliance will enable CTC to
quickly and efficiently test and implement class-4 and class-5 switching
capabilities on its Integrated Communications Network infrastructure".
<PAGE>
Mr. Kunzi continued, "This is a reciprocal agreement with CTC participating
in Cisco initiated early product releases and Cisco participating in CTC
initiated strategic development projects. This alliance will facilitate CTC's
ongoing optimization of investment in network facilities and maximization of
margins by providing on-net, value added, technology based solutions to our
medium to larger-size business customers".
About CTC Communications
CTC is a rapidly growing provider of integrated communications solutions to
medium and larger 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 263 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
About Cisco Systems
Cisco Systems, Inc. (NASDAQ: CSCO) is the worldwide leader in networking for
the Internet. News and information are available at http://www.cisco.com.
Cisco, Cisco IOS, Cisco Systems and the Cisco Systems logo are registered
trademarks of Cisco Systems, Inc. in the U.S. and other countries. All other
trademarks mentioned in this document are the property of their respective
owners.
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
or
Cisco Systems, Inc.
Mary Thurber,408/526-8893
[email protected]
or
Gayle Uchida, 408/525-7861
[email protected]"
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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
August 26, 1999
