2 weeks ago - prnewswire.com

Proceeds will be used to repay outstanding debt under current credit facility and to redeem Series A Preferred Stock PLANO, Texas , June 21, 2024 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN) ("Ribbon"), a global provider of real time communications technology and IP optical networking solutions to many of the world's largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks, today announced that it has completed the previously announced $385 million senior secured credit facility (the "2024 Credit Facility") comprised of a $350 million term loan and a $35 million revolving credit facility. Proceeds from the term loan under the 2024 Credit Facility will be used to refinance the prior credit facility, redeem in full Ribbon's outstanding Series A Preferred Stock and pay fees, costs and expenses related to the 2024 Credit Facility.

2 months ago - prnewswire.com

Proves optimal transport ability of 140Gbaud transmission, enabling current and future data-intensive research  PLANO, Texas, April 29, 2024 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the world's largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks, today announced that in cooperation with SURF, the collaborative organization for IT in Dutch education and research, it has successfully achieved 800G over a brownfield 1,650 km fiber optic link connecting research institutes including Nikhef with The Large Hadron Collider located on the CERN campus in Geneva. "We are proud to collaborate with our partner Ribbon in this successful and innovative trial, which pushes the boundaries of our current fiber and shows us what is technically possible with Ribbon's equipment," said Harold Teunissen, Director Network & Campus at SURF.

2 months ago - fool.com

Ribbon's long-standing relationship with Verizon has evolved into a lucrative network upgrade contract. This deal not only cements a game-changing revenue stream for Ribbon, but also sets the stage for more industry partnerships.

2 months ago - zacks.com

Ribbon Communications (RBBN) came out with a quarterly loss of $0.01 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.02 per share a year ago.

2 months ago - prnewswire.com

Significant profitability improvement with >700 bps increase in Gross Margin Selected by Verizon for multi-year Advanced Voice Network Platform PLANO, Texas , April 24, 2024 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the world's largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks, today announced its financial results for the first quarter 2024. Revenue for the first quarter of 2024 was $180 million, compared to $186 million for the first quarter of 2023.

2 months ago - prnewswire.com

Multi-year program delivers significant cost efficiencies, technology advancements and environmental benefits PLANO, Texas , April 24, 2024 /PRNewswire/ --  Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the world's largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks, today announced plans for a major network modernization program with Verizon to retire legacy TDM switching platforms and replace their function with modern cloud-based technologies. "Our continuous goal at Verizon is to provide the most advanced technologies for our customers while simultaneously improving our cost of operations and advance our sustainability efforts in power consumption," said Eric Lia, Senior Vice President of Engineering at Verizon.

2 months ago - prnewswire.com

PLANO, Texas , April 17, 2024 /PRNewswire/ --  Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the world's largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks, today announced a time change to its first quarter 2024 financial results and conference call. Ribbon Communications will now report financial results for the first quarter of 2024 before the opening of the market on Wednesday, April 24, 2024.

2 months ago - prnewswire.com

PLANO, Texas , April 11, 2024 /PRNewswire/ --  Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the world's largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks, today announced that it will report financial results for the first quarter of 2024 after the close of the market on Wednesday, April 24, 2024 . Following the release, Ribbon Communications will host a conference call with the financial community at 4:30 p.m.

3 months ago - prnewswire.com

First reported display of interoperable multivendor ecosystem for highest commercial transmission speeds available PLANO, Texas , March 19, 2024 /PRNewswire/ --  Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the world's largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks, today announced that it has achieved interoperability of 1.2T optical transmission in partnership with Cisco . The demo, which will be public at OFC 2024, shows interoperability between the Ribbon Apollo 9408 and the Cisco NCS 1014, which both incorporate Acacia's CIM 8 140Gbaud transceiver, and conforms to the OpenROADM bookended model for transponder interoperability while uniquely extending this model for multiple vendors.

3 months ago - accesswire.com

NEW YORK, NY / ACCESSWIRE / March 14, 2024 / Levi & Korsinsky informs shareholders that a settlement has been reached in the pending class action lawsuit against Ribbon Communications, Inc. (f/k/a Sonus Networks, Inc.) (NASDAQ:RBBN). The settlement provides for a fund of $4,500,000 to benefit class members.

3 months ago - accesswire.com

NEW YORK, NY / ACCESSWIRE / March 12, 2024 / Levi & Korsinsky informs shareholders that a settlement has been reached in the pending class action lawsuit against Ribbon Communications, Inc. (f/k/a Sonus Networks, Inc.) (NASDAQ: RBBN). The settlement provides for a fund of $4,500,000 to benefit class members.

4 months ago - accesswire.com

NEW YORK, NY / ACCESSWIRE / March 7, 2024 / Levi & Korsinsky informs shareholders that a settlement has been reached in the pending class action lawsuit against Ribbon Communications, Inc. (f/k/a Sonus Networks, Inc.) (NASDAQ:RBBN). The settlement provides for a fund of $4,500,000 to benefit class members.

4 months ago - accesswire.com

NEW YORK, NY / ACCESSWIRE / March 5, 2024 / Levi & Korsinsky informs shareholders that a settlement has been reached in the pending class action lawsuit against Ribbon Communications, Inc. (f/k/a Sonus Networks, Inc.) (NASDAQ:RBBN). The settlement provides for a fund of $4,500,000 to benefit class members.

4 months ago - accesswire.com

NEW YORK, NY / ACCESSWIRE / February 29, 2024 / Levi & Korsinsky informs shareholders that a settlement has been reached in the pending class action lawsuit against Ribbon Communications, Inc. (f/k/a Sonus Networks, Inc.) (NASDAQ:RBBN). The settlement provides for a fund of $4,500,000 to benefit class members.

4 months ago - prnewswire.com

Recognizes Ribbon's commitment to creating a workplace where women can thrive PLANO, Texas , Feb. 23, 2024 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the world's largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks, today announced that it has been recognized as one of America's Greatest Workplaces for Women 2024 by Newsweek and Plant-A Insights Group. The list recognizes the 1,000 U.S.-based companies who ranked highest when evaluated on their performance across various metrics crucial to women in the workforce.

4 months ago - seekingalpha.com

Ribbon Communications Inc. (RBBN) Q4 2023 Earnings Call Transcript

4 months ago - zacks.com

Ribbon Communications (RBBN) came out with quarterly earnings of $0.12 per share, missing the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.09 per share a year ago.

4 months ago - prnewswire.com

Ribbon announces strong 2023 earnings growth  IP Optical Networks achieves profitability for the second half of the year with strong demand from Service Providers and Critical Infrastructure PLANO, Texas , Feb. 14, 2024 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the world's largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks, today announced its financial results for the fourth quarter and full year 2023. Revenue for the fourth quarter of 2023 was $226 million, compared to $234 million for the fourth quarter of 2022 and $203 million for the third quarter of 2023.

4 months ago - prnewswire.com

Agreement highlights the value of speedy delivery and targeted solutions PLANO, Texas , Feb. 8, 2024 /PRNewswire/ --  Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the world's largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks, today announced that American Electric Power (AEP) which maintains and operates the nation's largest electricity transmission system, has added Ribbon's IP and Optical products as one of its solutions to continue providing the critical communications needs to support AEP's infrastructure. Today's utilities are required to digitize their assets, both in order to meet regulatory and security mandates, and to expand their offer with new services, reduced carbon emissions and improved maintenance, safety and security.

5 months ago - prnewswire.com

PLANO, Texas , Jan. 31, 2024 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the world's largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks, today announced that it will report financial results for the fourth quarter and full year of 2023 after the close of the market on Wednesday, February 14, 2024 . Following the release, Ribbon Communications will host a conference call with the financial community at 4:30 p.m.

5 months ago - prnewswire.com

Annual awards celebrate innovation, collaboration and excellence PLANO, Texas , Jan. 25, 2024 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the world's largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks, today announced its achievement of the "Rise and Shine" award received from GSSC, the Global Procurement Arm of MTN Group. "The Rise and Shine Award acknowledges suppliers who, though newcomers to GSSC and MTN, demonstrate commitment and working towards a long-term partnership," shared Dirk Karl, Group Executive Global Sourcing & Supply Chain.

6 months ago - prnewswire.com

Highlights successful execution of key corporate responsibility KPIs PLANO, Texas , Dec. 14, 2023 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the world's largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks, today announced that it has been named to Newsweek's list of America's Most Responsible Companies of 2024. "We're proud of our continued efforts to make corporate responsibility integral to our operations, and are delighted to be recognized as the sixth most responsible company in software and telecommunications industry," said Patick Macken, Ribbon's EVP and Chief Legal Officer.

6 months ago - prnewswire.com

Speedy execution highlights commitment to excellence in after sales support, including delivery of equipment and services PLANO, Texas , Dec. 13, 2023 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the world's largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks, today announced that it is providing Interlink Telecom Public Company Ltd, (ITEL) a leading Thai network services provider, with a Data Center Interconnect solution using an Apollo optical networking platform. "Ribbon's incredibly fast delivery enabled us to successfully deploy our service on time.

6 months ago - prnewswire.com

Innovative cloud solution enables Payment Card Industry (PCI) compliance with evolving standards for merchants of any size PLANO, Texas , Dec. 12, 2023 /PRNewswire/ --  Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the world's largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks, today announced that global solutions provider BroadSource has selected Ribbon's SBC SWe as a key component in its Payment Card Industry Data Security Standard (PCI-DSS) compliant secure payments system, SecureCall. "Ribbon's global leadership and extensive SBC installed base gave us the necessary confidence to include them as a critical part of our solution," said Haydn Faltyn, CEO and Co-founder, BroadSource.

8 months ago - prnewswire.com

Optimizes infrastructure for ongoing growth PLANO, Texas , Nov. 8, 2023 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the world's largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks today announced that W3TEL a French provider of communications services to enterprises, has selected Ribbon's solutions to support its growth, simplify its network operations and fulfill French government mandates around call security. "Ribbon's comprehensive solution allows us to deliver better services to our customers, streamline our network management, and meet our regulatory obligations while supporting the growth of our business," said Cédric Bornecque, President, W3TEL.