EXHIBIT 99.1

                                  PRESS RELEASE

                               ACTERNA CORPORATION
              ANNOUNCES COMBINED CASH TENDER OFFERS FOR OUTSTANDING
                              NOTES OF ACTERNA LLC


         Germantown, MD, June 24, 2002 - Acterna Corporation (Nasdaq: ACTR)
today announced the commencement of cash tender offers for up to $155 million,
on a combined basis, in principal amount of the outstanding 9 3/4 percent
Senior Subordinated Notes due 2008 of Acterna. The tender offers, which are
being made by Acterna LLC (Acterna), and CD&R VI (Barbados), Ltd.
(CD&R Barbados), are described in the Offers to Purchase dated June 24, 2002.

         The consideration for each $1,000 principal amount of the Notes
tendered and accepted for payment pursuant to each tender offer will be $220.
The tender offers are not conditioned on the tender of any minimum principal
amount of Notes.

         The tender offers will expire at midnight, New York City time, on
Monday, July 22, 2002, unless extended. Payment for Notes validly tendered and
not validly withdrawn will be made promptly following expiration of the offers.

         Acterna's offer is for $109 million in principal amount of the Notes,
and CD&R Barbados' offer is for $46 million in principal amount of the Notes.

         CD&R Barbados' offer is subject to a number of conditions that are set
forth in the Offers to Purchase, including the purchase by Acterna of the first
$63 million in principal amount of the Notes tendered.

         Acterna's offer is subject to a number of conditions that are set forth
in the Offers to Purchase, including obtaining consent from the lenders under
the credit agreement governing Acterna's senior secured facility to amend or
waive certain provisions of Acterna's senior secured credit agreement. There can
be no assurance that the consent sought by Acterna will be obtained on the terms
sought on or prior to the expiration date of the tender offers, or at all.

         In connection with its offer, CD&R Barbados expects to agree with the
lenders under Acterna's senior secured credit agreement to invest all cash
interest received, on an after-tax basis, on the Notes purchased in the tender
offer or otherwise held by CD&R Barbados in new senior secured convertible notes
of Acterna.



         Dresdner Kleinwort Wasserstein, Inc. (DrKW) is acting as the exclusive
Dealer Manager. Inquiries relating to the tender offer should be directed to
Marc D. Puntus at DrKW at 212-895-1819. Requests for additional copies of the
tender offer materials may be directed to MacKenzie Partners, Inc., the
Information Agent, at (800) 322-2885.

         This press release does not constitute an offer to purchase the Notes.
The tender offers are made solely by the Offers to Purchase.

                                      * * *

         About the Offerors
         ------------------

         Based in Germantown, Maryland, Acterna Corporation is the holding
company for Acterna, Airshow, da Vinci Systems and Itronix. Acterna is the
world's second largest communications test and management company. The company
offers instruments, systems, software and services used by service providers,
equipment manufacturers and enterprise users to test and optimize performance of
their optical transport, access, cable, data/IP and wireless networks and
services. Airshow supplies in-flight passenger information systems to the
aviation industry while da Vinci Systems designs and markets video color
correction systems to the video postproduction industry. Itronix sells
ruggedized computing devices for field service applications to a range of
industries. Additional information on Acterna is available at
http://www.acterna.com.

         CD&R Barbados is a Barbados company holding an International Business
Company license. All of the capital stock of CD&R Barbados is owned by Clayton,
Dubilier & Rice Fund VI Limited Partnership, an affiliate of Acterna that is
managed by Clayton, Dubilier & Rice, Inc.

         This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended, which reflect Acterna's
current judgment on certain issues. Because such statements apply to future
events, they are subject to risks and uncertainties that could cause the actual
results to differ materially. Important factors that could cause actual results
to differ materially are described in Acterna's reports on Form 10-K and 10-Q on
file with the Securities and Exchange Commission.



         Contacts
         --------

         Acterna Corporation:

         Investor Contact:  Maria Henry, Acterna Corporation,
                            301-353-1550, ext 1207

         Media Contact:  Jim Monroe, Acterna Corporation,
                         301-353-1560, ext. 4366