More of our content is being permanently logged via blockchain technology starting [10.23.2020].
CTC Communications and Bell Atlantic Sign
Major Resale Agreement
CTC to Resell 225,000 Bell Atlantic Local Lines in Return for
Increased Discounts on Wholesale Rates
July 7, 1999
NEW YORK -- Bell Atlantic and CTC Communications Corp.
(NASDAQ NNM:CPTL) have signed the largest resale contract entered
into by Bell Atlantic and a wholesale customer.
Under the five-year contract, CTC, a telecommunications reseller serving
businesses, has agreed to resell a minimum of 225,000 Bell Atlantic local
telephone lines in return for additional discounts on Bell Atlantic's
As part of the agreement, Bell Atlantic will give CTC discounts up to 15
percent above the required wholesale rate in 12 states in Bell Atlantic's
region. The contract covers the New England states as well as New York,
New Jersey, Pennsylvania, Delaware, Maryland and Virginia.
"CTC is very pleased with this agreement and looks forward to a
long and continued business relationship with Bell Atlantic," said
Bob Fabbricatore, chairman and chief executive officer of CTC.
"This agreement will ensure the continued availability of quality
local products for our customers as well as provide higher margins."
Fabbricatore said the additional Bell Atlantic discount will be available to
CTC this quarter.
"This commitment to Bell Atlantic in our new contract is consistent
with CTC's Integrated Communication Network plans," said
In May, Bell Atlantic introduced a wholesale term and volume purchase
plan for companies seeking to provide telecommunications services in the
Bell Atlantic region. The contract with CTC brings the total number of
lines wholesale providers have agreed to resell under the new plan to
"For the past four years, we have intently focused on building a
vigorous wholesale business and becoming a leading wholesale
provider," said Jack Goldberg, president of Bell Atlantic Telecom
Industry Services. "We are well on our way. This latest and largest
resale contract underscores the growing interest in reselling Bell Atlantic's
network and services.
"We look forward to working with CTC on this agreement and will
continue our efforts to promote competition in the industry," said
About CTC Communications
CTC is a rapidly growing provider of integrated communications solutions
to medium and larger-size business customers in the Northeast U.S. It
provides an extensive array of voice and data services including local,
long distance, frame relay, Internet access and other advanced data
services. The company markets its services through its 263 member sales
and service representatives located in 25 branch offices throughout Maine,
New Hampshire, Vermont, Massachusetts, Rhode Island, Connecticut,
New York and Maryland. Company headquarters are in Waltham,
Massachusetts and CTC can be found on the worldwide web at
About Bell Atlantic
Bell Atlantic is at the forefront of the new communications and
information industry. With 43 million telephone access lines and nine
million wireless customers worldwide, Bell Atlantic companies are
premier providers of advanced wireline voice and data services, market
leaders in wireless services and the world's largest publishers of directory
information. Bell Atlantic companies are also among the world's largest
investors in high-growth global communications markets, with operations
and investments in 23 countries.
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. Readers are, accordingly,
cautioned not to place undue reliance on these forward-looking
statements, which speak only as to the date hereof. Additional information
about these risks and uncertainties is set forth in the CTC'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.