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ADVA Optical Networking Closes Acquisition of First Fibre
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Martinsried/München (ots Ad hoc-Service) - ADVA Optical Networking (Neuer Markt: ADV), a leading global provider of optical networking solutions, announces that on Thursday, July 13, 2000, the acquisition of First Fibre Ltd. was successfully completed. The total number of newly-issued non-bearer shares for the acquisition of First Fibre Ltd. was 1,061,862.
First Fibre Ltd. is a leading U.K.-based designer and manufacturer of carrier-class fiber access equipment and optical networking systems. First Fibre's solutions for high-speed data applications in telecommunication carrier and enterprise networks expand ADVA's presence to the edge of metropolitan access networks. This acquisition underscores ADVA's position as a leading global provider of optical networking solutions in the enterprise and metro access markets by adding complementary products to ADVA's portfolio.
The issuance of the new non-bearer shares for the closing of the acquisition of First Fibre Ltd. results in a new nominal capital of 32,008,212 Euro for ADVA Optical Networking. These shares have been issued following ADVA's capital increase from reserves, similar to a 5-for-1 stock split, which was effective on July 12, 2000. As a result of this capital increase from reserves, the number of ADVA shares outstanding increased from 5,157,725 shares to 30,946,350 shares.
About ADVA Optical Networking ADVA Optical Networking is a leading global provider of optical networking solutions. Since its foundation in 1994, ADVA has specialized in the design, development and delivery of cost-effective optical networking solutions. Its products are implemented in both private and public networks, including Data Centers, Storage Area Networks (SAN), and Metropolitan Area Networks (MAN) for fiber-based data services to the enterprise. Products and services are distributed via a global network of strategic business partners. The company currently has an installed base of more than 25 telecommunication service providers and 220 private enterprise customers. ADVA is headquartered in Munich (Germany), with R&D centers in Cambridge (UK), Meiningen and Berlin (Germany). Worldwide sales offices are located in Munich and Berlin (Germany), Cambridge and Bristol (UK), Paris (France), Ramsey (New Jersey, USA), and Tokyo (Japan). Visit www.advaoptical.com for more information about ADVA Optical Networking.
Published by: ADVA AG Optical Networking, Martinsried/Munich and Meiningen, Germany www.advaoptical.com
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