Published on 15 Sep 2022 on Zacks via Yahoo Finance
ADTRAN (ADTN) to Power UK Fiber Network Expansion for ITS
ADTRAN Inc. ADTN recently inked a definitive agreement with ITS Technology Group to augment the fiber network in the United Kingdom. The deal would enable ITS to design flexible, resilient and automated services that can be deployed according to the broadband connectivity demand of carriers in the region.ITS designs and operates a wholesale Gigabit-capable fiber network and provides IT-managed services and hosted telephony solutions for hard-to-reach rural and urban businesses. In order to expand its geographic footprint and improve its service with higher flexibility, it selected ADTRAN 10G fiber access platform that uses an open and disaggregated architecture that eliminates vendor lock-in facilities. The software-defined platform also offers leading service scalability that enables ITS to support its business with minimal infrastructure changes.ADTRAN continues to benefit from solid demand for its network solutions. The company’s end-to-end solutions simplify the deployment of fiber-based broadband services and provide a better customer experience. It is focused on being a top global supplier of access infrastructure and related value-added solutions from the Cloud Edge to the Subscriber Edge through a broad portfolio of flexible hardware and software network solutions. These products enable customers to transition to the fully converged, scalable, highly automated, cloud-controlled voice, data, Internet and video network of the future.The company has enabled service providers to leverage the ADTRAN Mosaic Software-Defined Access architecture that combines modern Web-scale technologies with open-source platforms to facilitate rapid innovation in multi-technology, multi-vendor environments. The Mosaic cloud platform and Mosaic OS, combined with programmable network elements, provide operators with a highly agile, open-services architecture. This allows operators to better deal with web-scale competition by reducing the time and cost to launch new service, technologies and best-of-breed suppliers as they strive to reduce operational costs while creating and deploying differentiated product offerings.To complement the Network Solutions portfolio and to enable customers to accelerate time to market, reduce costs and improve customer satisfaction, ADTRAN offers a complete portfolio of maintenance, turnkey network implementation, maintenance, solutions integration and managed services. The company’s network implementation services offer a full spectrum of services related to engineering (pre-construction), installation/turn-up (construction) and provisioning (post-construction), partnering with customers to tailor a program to each specific service delivery need.The stock has lost 5.2% over the past year compared with the industry’s decline of 59.9%.
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