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Proc-Type: 2001,MIC-CLEAR
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UNITED STATES FORM 8-K
CURRENT REPORT DATE OF REPORT (Date of earliest event
reported) June 18, 2003
TELLABS, INC. Registrants telephone number, including area code: (630) 378-8800
N/A Item 5. Other Events. Tellabs completes the acquisition of Vivace Networks.
On June 18, 2003, Tellabs, Inc. ("Tellabs") announced the completion of
the $135 million acquisition of Vivace Networks. Further details are contained in the press release of Tellabs, Inc.,
dated June 18, 2003, attached hereto as Exhibit 99 and incorporated herein by reference.
Item 7. Financial Statements and Exhibits.
(c) Exhibits SIGNATURE 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 thereunto duly authorized.
TELLABS, INC.
/s James A. Dite
June 18, 2003 EXHIBIT INDEX
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
(Exact name of
registrant as specified in its charter)
Delaware
0-9692
36-3831568
(State of
Incorporation)
(Commission file
number)
(I.R.S. Employer
Identification
No.)
One Tellabs Center, 1415 W.
Diehl Road, Naperville, Illinois
60563
(Address of Principal
Executive Offices)
(Zip
Code)
(Former name or former address, if changed since
last report)
Exhibit
99 - Press Release of Tellabs, Inc., dated June 18, 2003.
(Registrant)
James A. Dite
Vice President
and Controller
(Principal Accounting
Officer)
(Date)
Exhibit Number
Description
99
Press
Release of Tellabs, Inc., dated June 18, 2003.
June 18, 2003
MCI, NTT Communications among the first to choose new Tellabs® 8800 series
Naperville, Ill. Tellabs completed its $135 million acquisition of Vivace Networks, a leading provider of flexible, high-performance multi-service edge switches. The closing of the Vivace Networks acquisition follows Tellabs' receiving Hart-Scott-Rodino approval from the Federal Trade Commission on June 3 and subsequent Vivace stockholder approval.
The acquisition enables Tellabs to expand into the high-growth global service provider edge router and switch market, estimated at $3 billion in 2003 and growing to $5 billion by 2005, according to industry analyst Infonetics Research. The acquisition brings two new complementary products to Tellabs that will become the Tellabs 8800 series:
Among the early customers for the Tellabs 8800 series are MCI in the United States and NTT Communications Corporation in Japan. MCI has selected the Tellabs 8860 Multi-service Switch Router to power its MAE® Services Internet Exchange, which ties Internet service providers (ISPs) together to enable them to smoothly exchange Internet routes and large volumes of traffic. NTT Communications selected Vivace to complete a new nationwide, broadband multi-service MPLS network that delivers a full range of services including new IP, Ethernet, Frame Relay and ATM services on a single platform, while greatly reducing operating cost and minimizing capital equipment costs.
"Tellabs can help customers such as MCI and NTT Communications migrate from today's services to the most profitable data services of tomorrow," said Michael J. Birck, chairman and chief executive officer of Tellabs. "This acquisition is the next step towards Tellabs' profitable growth."
"Now Tellabs offers one of the most cost-effective and complete transport and data networking solutions for service provider customers worldwide," said Ed Kennedy, president of Tellabs North America. "By adding the Tellabs 8800 series to our portfolio of carrier-class transport and access systems, we can help customers reduce operating and capital expenses as they deliver profitable new IP and MPLS data services."
Tellabs intends to retain Vivace Networks' offices in San Jose. Ken Koenig, former CEO and co-founder of Vivace Networks, becomes Tellabs senior vice president, advanced data products, and reports to Kennedy.
Tellabs enables service providers to leverage their existing infrastructure to cost-effectively migrate their existing Frame Relay and ATM data networks to the new profitable IP and MPLS services of the future. With the addition of the Tellabs 8860 and Tellabs 8820 multi-service switch routers, now Tellabs can provide data solutions that collectively manage traffic at Layers 0/1 of the network (the physical layer) and seamlessly pass these services to data networking elements that operate at Layer 2 (data link layer) to Layer 3 (network layer).
Tellabs provides innovative bandwidth management solutions to help carriers around the world move communications most efficiently and effectively. The world communicates through Tellabs most telephone calls and Internet sessions in several countries, including the United States, flow through the company's equipment. Tellabs employee-owners develop and deploy solutions that provide aggregation, grooming and business services in metro/regional networks in more than 100 countries (NASDAQ: TLAB; tellabs.com).
CONTACTS:
Business Media:
George Stenitzer
+1.630.798.3800
Industry media and industry analyst:
Robin Urbanski
+1.630.798.2508
Investor Relations:
Tom Scottino
+1.630.798.3602
Tellabs, the Tellabs logo and Vivace Networks are trademarks of Tellabs or its affiliates in the United States and/or other countries. Any other company or product names mentioned herein may be trademarks of their respective companies.