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Fibre Optic Broadband Supplier ADTRAN Merges with ADVA to Boost Reach

Tuesday, Aug 31st, 2021 (7:03 am) - Score 1,152
network cables closeup with fiber optical background

American firm ADTRAN, which is known for supplying a variety of full fibre broadband kit and services to UK ISPs and network builders from Openreach (BT) to CommunityFibre and more, has announced a new deal to merge with a similar European telecommunications vendor called ADVA in order to boost their global reach.

Under the deal (an all-stock transaction), ADTRAN shareholders will own approximately 54% and ADVA shareholders will hold approximately 46% of the combined company, assuming a tender of 100% of ADVA shares. The combined company will also benefit from an expanded product offering (i.e. combining ADTRAN’s fibre access, extension and subscriber connectivity solutions with ADVA’s metro wavelength division multiplexing, data centre interconnect, business Ethernet and network synchronization solutions).

Both ADTRAN and ADVA will combine under a new holding company, which will be renamed ADTRAN Holdings, Inc. The combined business is expected to enjoy total revenue of $1.2bn.

ADTRAN Chairman and CEO, Thomas Stanton, said:

“We are in the early stages of an unprecedented investment cycle in fiber connectivity, especially in the U.S. and Europe, fueled by the demand for last-mile fiber access and middle-mile transport to provide high-speed connectivity to homes, businesses and future 5G infrastructure.

By joining forces, our combined firm’s portfolio will better position us to capitalize on this highly compelling global opportunity. We expect the transaction will create significant long-term value for both companies’ stakeholders by increasing our scale and improving our ability to serve as a trusted supplier for customers worldwide.”

The new holding company will commence the public takeover offer after approval of the offer document by the German Federal Financial Supervisory Authority (Bundesanstalt fuer Finanzdienstleistungsaufsicht / BaFin), which ADTRAN anticipates occurring in November 2021. The offer will be subject to certain closing conditions, including a minimum acceptance threshold of 70% of the outstanding shares in ADVA, majority approval by ADTRAN shareholders, regulatory approvals, and other customary closing conditions.

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Mark-Jackson
By Mark Jackson
Mark is a professional technology writer, IT consultant and computer engineer from Dorset (England), he also founded ISPreview in 1999 and enjoys analysing the latest telecoms and broadband developments. Find me on X (Twitter), Mastodon, Facebook and .
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Comments
2 Responses
  1. Avatar photo Thirsty Dog says:

    A solid move on ADTRAN’s part to shore up their capabilities beyond FTTP. ADVA are well regarded.

  2. Avatar photo jonathan jamie scudder says:

    I have big problem with my speed asking BT why am I getting rubbish speed and my neighbour down road for me get better speed then me. I did say not fair on me am at the top or the road and they at the bottom of the road. I’ve told them what my line 9ut of my place ASAP now would never have BT aline again.

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