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 3, 2000
(Date of earliest event reported) (August 2, 2000)
CTC COMMUNICATIONS GROUP, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-27505 04-3469590
(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)
Item 5. Other Events
On August 2, 2000, the Registrant issued the following press release:
CTC COMMUNICATIONS ANNOUNCES VOICE SERVICES SOFTSWITCH IN OPERATION AND
IMPLEMENTATION OF LOCAL VOICE SERVICES ON ITS PACKET-BASED NETWORK ON
SCHEDULE FOR 1Q01
08/02/2000
- -- Softswitch Providing VoIP Voice Services Between 11 CTC Branch Sales
Offices--
WALTHAM, Mass-August 2, 2000-- CTC Communications Group Inc. (NASDAQ NM:
CPTL)-a rapidly growing next generation communications provider today
announced that it has attained a major milestone with the successful
implementation of its Telcordia Technologies Softswitch and that the Company
is on schedule to provide Local Voice services on its packet-based Integrated
Communications Network (ICN) for market introduction in the first quarter of
2001.
The Company has successfully implemented the Telcordia(tm) Call Agent and is
currently switching voice calls between 11 CTC branch sales offices, located
in three states, utilizing Voice over Internet Protocol (VoIP) on its
Integrated Communications Network (ICN).
"This is a profound and exciting progress report for us", said Frederic Kunzi
CTO of CTC Communications. "The promise of our ICN packet-based network
replacing today's traditional circuit switched voice technology is rapidly
becoming a reality. The fact that our ICN network and the Softswitch are
processing business class voice services and features validates the
proposition of providing all voice and data services on a single, broadband,
packet-based network. This is a major milestone in our implementation plan
for a first quarter 2001 customer introduction of ICN network local and
switched long distance voice services".
"In the year 2000, all telecommunications voice and data services will be
provided on CTC's packet-based ICN network", said Bob Fabbricatore, CTC's
Chairman and CEO. "Our ICN network is the next generation communications
infrastructure for the future and it is here today, with over 1000 customer
locations currently on-net. With the addition of local voice services on the
ICN network in the 1st Quarter of 2001, all telecommunications voice and data
services will be packet-based, handled by a single broadband network and be
converged and integrated. The financial and operating benefits associated
with this network infrastructure are significant and CTC will be providing
periodic progress reports and benefit quantification as we continue our march
to 1Qtr 2001".
About CTC Communications
CTC is a rapidly growing, next generation communications provider with packet
technology that allows it to converge customer's long distance voice, data,
Internet and video services on a single broadband access facility and process
those converged services over a single packet-based network. Today, the
Company serves medium and larger business customers from Virginia to Maine
which includes the most robust telecommunications region in the world-the
Washington D.C. to Boston corridor. As of 6/30/00, CTC was serving more than
13,000 customers with over 361,000 access lines.
The Company's Cisco Powered IP+ATM packet network, its 36 branch sales
offices and its 450 member sales and service teams, provide contiguous market
coverage in the New England and Mid-Atlantic States. The Company, through its
dedicated commitment to exceptional customer service has achieved an
industry-leading market share in the northeast and an industry-leading line
retention rate in excess of 99 percent. More on CTC can be found on the
worldwide web at www.ctcnet.com
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 including ICN network
capabilities, the provision of local voice services on the ICN network, and
the future of next generation communications services. . Readers are,
accordingly, cautioned not to place undue reliance on these forward-looking
statements, including anticipated ICN Network capabilities, 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-K.
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:
John Dinsmore
Feldman Communications Inc.
410-571-8900 (t)
JDFelCom@aol.com (e)
www.FeldmanCommunications.com
Alan Russell
CTC Communications
781-522-8731 (t)
arussell@ctcnet.com (e)
http://www.ctcnet.com
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 GROUP, INC.
By: /s/ John D. Pittenger
John D. Pittenger,
Executive Vice President, Finance and Administration
Dated: August 3, 2000