Tellabs Unveils New Edge Routers for LTE-A

Tellabs is rolling out new edge routers designed to support LTE-advanced networks and for integration with Coriant's multilayer SDN solutions for mobile networks.

The new products include:

• Tellabs 8665 Smart Router - a new 900 Gbps full duplex IP/MPLS router featuring a small footprint, low power consumption, and future scalability to 3 Tbps. It offers Ethernet interfaces from 1 to 100 Gbps. It promises seamless evolution for Tellabs Smart Routers managed by the Tellabs® 8000 Intelligent Network Manager. Its IP routing and Ethernet switching capabilities, aligned with other Tellabs 8600 Smart Routers, support mobile operators as they build and scale LTE and LTE-Advanced networks.
  
• Tellabs 8615 Smart Router  - a new router optimized for mobile and fixed-mobile converged networks. It offers 44 Gbps throughput in a compact 1RU unit. In the future, two Tellabs 8615 routers can be stacked to provide 88 Gbps throughput.
  
• Tellabs 8602 Smart Router - a compact, environmentally hardened, full featured 6-port IP/MPLS router with a water- and dust-proof (IP 67) design. The Tellabs 8602 router enables plug-and-play autoconfiguration through SON (Self Organizing Network) capabilities, speeding deployment of small cells and macrocells. It’s the first in a line of a new series of smart next-generation routers.
  
• Tellabs Integrated GPS (GNSS) SFP Module -- extends Tellabs’ packet synchronization capabilities (e.g., IEEE1588v2, SynchE, ACR). It enables a flexible and cost-efficient Time-of-Day and Phase Synchronization in mobile backhaul networks, which is critical as networks evolve to LTE-TDD and LTE-Advanced. It enables substantial capital expense savings compared with external GPS receiver solutions. The GPS SFP is managed by the Tellabs intelligent manager, delivering simple and consistent support of synchronization across the network.
  
• New user interface for Tellabs Insight Analytics Services offers dashboards focused on operators’ top concerns in mobile backhaul networks. 

http://www.tellabs.com

In January, Marlin Equity Partners announced plans to integrate the majority of Tellabs into its new Coriant optical transport company, while spinning off the access product line of Tellabs into an independent company. Marlin's acquisition of Tellabs was completed in December.

Tellabs currently supplies packet-optical, mobile backhaul and Optical LAN networking solutions to telecom service providers, independent operating companies, MSO/cable companies, enterprises and government agencies.  Under this plan, the optical LAN product line will be spun out into Tellabs Access, which will also continue to provide residential access products to service providers. Mike Dagenais has been named President and CEO of Tellabs Access business. Previously, Dagenais served as CEO of Radisys Corporation and as president and CEO of Continuous Computing.  He also served as president and CEO of Optical Solutions, Inc. and president and COO of Convergent Networks.

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Tellabs to Join Coriant, while Spinning Off Access Division

Marlin Equity Partners announced plans to integrate the majority of Tellabs into its new Coriant optical transport company, while spinning off the access product line of Tellabs into an independent company. Marlin's acquisition of Tellabs was completed in December.

Tellabs currently supplies packet-optical, mobile backhaul and Optical LAN networking solutions to telecom service providers, independent operating companies, MSO/cable companies, enterprises and government agencies.  Under this plan, the optical LAN product line will be spun out into Tellabs Access, which will also continue to provide residential access products to service providers. Mike Dagenais has been named President and CEO of Tellabs Access business. Previously, Dagenais served as CEO of Radisys Corporation and as president and CEO of Continuous Computing.  He also served as president and CEO of Optical Solutions, Inc. and president and COO of Convergent Networks.

Coriant gains Tellab's packet-optical and mobiel backhaul businesses.  Marlin has appointed Bob Leggett as Chairman of the Coriant Board, Pat DiPietro as CEO and Herbert Merz as President and Chief Operating Officer of the unified organization. Dan Kelly will step down Tellabs’ President and CEO.

“From mobile cell sites to mission-critical enterprises and cloud data centers, the demand for agile broadband connectivity is fundamentally reshaping network and service requirements. The combined technical expertise and complementary product portfolios will significantly strengthen Coriant’s ability to deliver high-value end-to-end solutions to service providers, while accelerating Coriant’s leadership in software-defined networking, programmability, and automation for next-generation transport networks," stated Pat DiPietro, Chief Executive Officer, Coriant.

“With deep customer relationships and a strong portfolio of access solutions to build upon, Marlin is fully committed to the success of the Tellabs Access business. The OLAN business requires focus on distinct channels and this separation positions Tellabs Access for continued rapid growth in this sector,” said Doug Bayerd, a principal at Marlin. “We are pleased to have a seasoned executive with deep industry knowledge and expertise in the leadership position of Tellabs Access. We look forward to partnering with Mike and his leadership team as the company strengthens the long-term value proposition for its customers.”

http://www.coriant.com/

http://www.tellabs.com

http://www.marlinequity.com/

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Vodafone Malta Deploys Tellabs 8600 Smart Routers

Vodafone Malta is using Tellabs' 8600 Smart Routers for the 10G Ethernet backhaul network that supports its LTE service.

Vodafone Malta owns its own backhaul network, which consists mainly of 10 Gbps connections over fiber. The new solution comprises Tellabs 8660 Smart Routers, Tellabs 8630 Smart Routers and Tellabs Ethernet Line Card (ELC1) cards, all managed by the Tellabs 8000 Intelligent Network Manager.

http://www.vodafone.com.mt
http://www.tellabs.com

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Marlin Equity Expands its Packet/Optical Portfolio with Acquisition of Tellabs

Marlin Equity Partners, a Los Angeles California-based private investment firm with over US$2.6 billion of capital under management, completed its previously announced acquisition of all of the outstanding shares of Tellabs in a deal valued at $891 million ($2.45 per share in cash, representing a 4.3% premium over the closing price on October 18th).

Tellabs continues operations as a supplier of packet-optical, mobile backhaul and Optical LAN networking solutions. The company serves telecom service providers, independent operating companies, MSO/cable companies, enterprises and government agencies with networks in more than 90 countries around the world.

Marlin said the addition of Tellabs builds on its track record of acquisitions in the telecom sector, which includes Coriant (formerly the Optical Networks business of Nokia Siemens Networks), Coriant America, Inc. (formerly Sycamore Networks Solutions Inc.), Openwave Mobility and Openwave Messaging.

“The ever-increasing demand for data is driving fundamental network transformation and impacting multiple segments and applications, including mobile backhaul, metro/regional optical transport and enterprise LANs,” said Pat DiPietro, an operating partner at Marlin. “Tellabs has successfully demonstrated technology innovation and market leadership in each of these areas, as well as in emerging technologies such as Software Defined Networking. The proven experience and expertise of the Tellabs team, combined with Marlin’s commitment to the market opportunity and a growing portfolio of complementary solutions, will offer Tellabs’ service provider, enterprise and government customers an enhanced value proposition today and into the future as their networks and services evolve.”

Dan Kelly, Tellabs president and CEO, added, “With Marlin as our strategic investor, we have gained a partner who not only shares our vision for advancing smart networks, but also one with deep domain experience and the financial resources to help us bring new innovations to market and expand the service and support capabilities for our long-standing customers.”

Credit Suisse and Evercore acted as financial advisors, and Schulte Roth & Zabel LLP acted as legal counsel to Marlin. Goldman, Sachs & Co. acted as financial advisor, and Sidley Austin LLP acted as legal counsel to Tellabs.

http://www.marlinequity.com
http://www.tellabs.com

Earlier this year, Marlin acquired the Optical Networks business unit of Nokia Siemens Networks as well as Sycamore Networks.  The companies were combined into Coriant, a new optical transport company headquartered in Munich, Germany.

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Tellabs to be Acquired to Marlin Equity Partners for $891 Million

Marlin Equity Partners, a Los Angeles California-based private investment firm with over US$1 billion of capital under management, will acquire all of the outstanding shares of Tellabs in a deal valued at $891 million ($2.45 per share in cash, representing a 4.3% premium over the closing price on October 18th).

"This transaction will deliver to Tellabs stockholders certainty of value and liquidity, immediately upon closing," said Vince Tobkin, Tellabs chairman. "Tellabs' Board of Directors arrived at the decision to enter into a transaction with Marlin after a thorough review of Tellabs' strategic alternatives and after more than 30 potential buyers, both strategic parties and financial sponsors, were contacted as part of a competitive bidding process.

“This deal reinforces Marlin’s long-term commitment to the telecommunications market sector and the business potential we believe is being driven by the concurrent demand for high-bandwidth mobile, video, and cloud-based services and applications,” said Pat DiPietro, an operating partner at Marlin. “Tellabs has an exceptionally strong heritage of technology innovation and customer-centric solutions, and we look forward to working closely with the Tellabs team to enhance long-term value for its premier customer base.

http://www.marlinequity.com/press/Tellabs_Press_Release.pdf
http://www.tellabs.com

• Tellabs reported 2012 revenue of $1.05 billion with earnings per share (GAAP) of $.47.  The company has about 2,100 employees and is based in Naperville, Illinois.
• Earlier this year, Marlin acquired the Optical Networks business unit of Nokia Siemens Networks as well as Sycamore Networks.  The companies were combined into Coriant, a new optical transport company headquartered in Munich, Germany.

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Tellabs Q2 Revenues Fall to $212 Million

Tellabs reported Q2 2013 revenues of $212 million, compared with $288 million in the year-ago quarter. On a GAAP basis, Tellabs recorded a net loss of $8 million or 2 cents per share in the second quarter of 2013, compared with a net loss of $5 million or 1 cent per share in the second quarter of 2012.

Tellabs’ GAAP gross profit margin was 37.8% in the second quarter of 2013, compared with39.6% in the year-ago quarter.

"We made good progress in the second quarter, compared with the first quarter, as revenue and gross profit margins improved,” said Dan Kelly, Tellabs CEO and president. “We’re encouraged by this progress as we work to revitalize Tellabs with a focus on customers, strategy and results."

http://www.tellabs.com

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Tellabs Appoints Acting CFO

Tellabs appointed Lawrence A. (Larry) Rieger its acting chief financial officer (CFO),replacing Tom Minichiello, who resigned to become chief financial officer at Westell.

Rieger is a partner with Crowe Horwath LLP, and has worked closely with Tellabs since 2003. At Crowe Horwath since 2002, Rieger previously served as the managing partner and CEO of Crowe Horwath Global Risk Consulting Service.

Tellabs also announced the promotion of Michael Miles from director – finance to vice president – finance and chief accounting officer. Miles joined Tellabs in 2005, bringing experience from UTStarcom, CommWorks, 3Com, U.S. Robotics and other companies.

http://www.tellabs.com

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Tellabs Acting CFO Leaves for Westell

Tom Minichiello, acting chief financial officer, resigned to take up the CTO role at Westell.  He had served as Tellabs' acting CFO since May, following the resignation of Andrew Szafran.

http://www.tellabs.com

• In November 2012, Tellabs named Daniel P. Kelly as its new chief executive officer and president. Kelly, 51, had served as Tellabs acting CEO and president since June 27, 2012, following the passing of Rob Pullen.  Previously, Kelly was executive vice president of global products at Tellabs. 

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Tellabs' CFO Steps Down

Tellabs announced the resignation of Andrew B. Szafran, executive vice president and chief financial officer.  The company said the decision was for personal reasons unrelated to Tellabs operations, financial reporting or business outlook.

Tom Minichiello, Tellabs vice president, finance and chief accounting officer, will serve as acting CFO.

http://www.tellabs.com

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Tellabs Posts Revenue of $209M, Loss of $56M

Tellabs reported Q1 2013 revenue of $209 million, compared with $258 million in the year-ago quarter. There was a GAAP net loss of $56 million or 16 cents per share in the first quarter of 2013, compared with a net loss of $140 million or 38 cents per share in the first quarter of 2012.

Tellabs holds cash and marketable securities of $572 million as of March 29, 2013, thanks in part to the repatriation of approximately $375 million of cash held by non- U.S. subsidiaries during the first quarter of 2013. During Q1, Tellabs repurchased 12 million shares for $26 million under its previously announced stock repurchase plan.

For Q1, Optical segment revenue was $93 million, Data segment revenue was $33 million, Access segment revenue was $39 million and Services segment revenue was $44 million.

"We’re working to revitalize Tellabs’ performance with a focus on customers, strategy and results," said Dan Kelly, Tellabs CEO and president. "Going forward, we’re working on what customers need to succeed with our optical and mobile solutions."

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Tellabs Posts Revenue of $242 Million, Cancels 9200 Edge Router

Tellabs reported Q4 2012 revenue of $242 million, compared with $317 million in the year-ago quarter.  There was a net loss (GAAP) of $23 million or 6 cents per share, compared with a net loss of $5 million or 1 cent per share in the fourth quarter of 2011.

Tellabs 2012 revenue was $1.053 billion, compared with $1.286 billion in 2011.  On a GAAP basis, in 2012 Tellabs lost $172 million or 47 cents per share, compared with $188 million or 52
cents per share in 2011.

“Over the last quarter, Tellabs initiated a review of its strategy, product portfolio and cost structure,” said Dan Kelly, Tellabs CEO and president.  “Based upon our analysis of ROI, customer needs and market conditions, we are discontinuing development of the Tellabs 9200. We will reduce our expenses, which will affect about 300 people during 2013.

“Going forward, we will enhance Tellabs’ solutions with innovations to help our customers succeed. We will demonstrate new software-defined networking (SDN) and self-optimizing networks (SON) capabilities at Mobile World Congress in February.”

http://www.tellabs.com

• The Tellabs 9200 is an advanced edge router featuring up to 11.2 Tbps capacity per chassis. It leverages a "SmartCard" architecture where the service intelligence is placed on each interface card, providing fine grained visibility and DPI-based traffic management on the card, instead of requiring separate Ethernet cards, Mobile Packet Core cards and DPI cards in each chassis.

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Vodafone Ireland Employs Tellabs for Mobile Analytics

Vodafone Ireland is deploying Tellabs's Insight Analytics Services to analyze the network data contained in its multi-vendor 3G mobile network.

Tellabs said its Software as a Service (SaaS) approach to analytics provides a comprehensive view of service performance from network behavioral patterns over time.  This helps to optimize network performance and will also enable Vodafone Ireland to perform capacity management and root-cause analysis quicker and more cost-effectively.

"As networks evolve from TDM to IP and 3G to LTE, service providers are faced with increasing challenges in providing outstanding network performance,” said Scott Forbes, vice president, Global Services at Tellabs. “With our global expertise in mobile networks, Tellabs provides a competitive and unique analytics solution that helps our customers continue to succeed. We are proud to work with Vodafone Ireland to help them solve some of the challenges they face in providing a high-quality user experience.”

http://www.tellabs.com

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Tellabs Adds Dennis Strigl and Mikel Williams to Board

Tellabs added two new directors to its Board:

• Dennis F. (Denny) Strigl - a former president and chief operating officer of Verizon Communications Inc. and former president and chief executive officer of Verizon Wireless. 
• Mikel H. Williams - a former president and chief executive officer of DDi Corp

Tellabs' board of directors now has 11 members.

http://www.tellabs.com

• In November, Tellabs named Daniel P. Kelly as its new chief executive officer and president. Kelly, 51, has served as Tellabs acting CEO and president since June 27, 2012, following the passing of Rob Pullen. 

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Tellabs Appoints Daniel P. Kelly as CEO

Tellabs named Daniel P. Kelly as its new chief executive officer and president.

Kelly, 51, has served as Tellabs acting CEO and president since June 27, 2012, following the passing of Rob Pullen.  Previously, Kelly was executive vice president of global products at Tellabs. He had global responsibility for Tellabs products, including research and development, product line management and product marketing.

Kelly holds Bachelor and Master of Science degrees in electrical engineering from the University of Notre Dame. He holds a Master of Business Administration degree from the University of Chicago.

http://www.tellabs.com

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Tellabs Announces Q3 Revenue of $264 million, 200 Job Cuts

Tellabs posted Q3 revenue of $264 million, compared with $330 million in the year-ago quarter, and a net loss of $4 million or 1 cent per share, compared with a net loss of $130 million or 36 cents per share in the third quarter of 2011. Q3 results included impairment charges for goodwill and other intangible assets of $102.7 million.

For the third quarter of 2012, Optical segment revenue was $108 million, Data segment revenue was $66 million, Access segment revenue was $42 million and Services segment revenue was $48 million.

Tellabs also announced plans to eliminate approximately 200 jobs over the next year.  The company expects to take a restructuring charge of about $11 million in the fourth quarter of
2012, consisting principally of severance and related costs.

“As we transform Tellabs’ business model and create a path to sustained future growth and profitability,
we must continue to lower costs and expenses,” said Dan Kelly, Tellabs acting CEO and president. “At
the same time, we are increasing R&D investments in our next-generation products to help our customers succeed with Tellabs optical, data and access solutions.”

http://www.tellabs.com

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Rob Pullen, CEO of Tellabs

Robert W. Pullen (50), President and CEO of Tellabs, passed away on July 2, 2012 following a battle with cancer.

Rob Pullen has served as Tellabs' CEO since 2008, when he replaced Krish Prabhu. He began his career at Tellabs in 1985 as an electrical engineer and held a series of increasingly responsible positions in engineering, sales, marketing and services. Prior to being named CEO, Pullen was vice president and general manager of global services. From 2002 to 2005, he was senior vice president of North American sales. Previously, he served as senior vice president of optical networking.
http://www.tellabs.com

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Tellabs Appoints Interim CEO

Tellabs Board of Directors has appointed Dan Kelly as acting president and CEO, stepping in for Rob Pullen who has been continuing treatment for cancer and is recuperating from surgery. http://www.tellabs.com

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Tellabs Revenue Drops 20% YoY to $258 Million

Tellabs reported Q1 2012 revenue of $258 million, down from $322 million in the year-ago quarter. There was a net loss of $140 million or 38 cents per share in the first quarter of 2012, compared with a net loss of $24 million or 7 cents per share in the first quarter of 2011. Tellabs’ GAAP gross profit margin was 37.1% in the first quarter of 2012, compared with 37.9% in the year-ago quarter.


Broadband segment revenue was $130 million, Transport segment revenue was $80 million and Services segment revenue was $48 million.


�?The first quarter of 2012 was tough, yet we made progress on advancing Tellabs’ solutions and
products,�? said Rob Pullen, Tellabs CEO and president. “Looking ahead to the second quarter, we’re
encouraged by solid bookings and we expect to see revenue growth and profitability on a non-GAAP
basis.�?http://www.tellabs.com

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NEC to Resell Tellabs 7100 Packet Optical Transport System in Japan

NEC Networks & System Integration Corporation (NEC Networks & SI), a leading Japanese network systems integrator, will resell the Tellabs 7100 Packet Optical Transport System in Japan. NEC Networks & SI will provide sales, system integration, and maintenance support.


The Tellabs 7100 P-OTS (Packet Optical Transport System) integrates ROADM-based DWDM, SDH, OTN and Ethernet switching functionality on a single platform.

http://www.tellabs.com

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Tellabs CEO Fights Cancer

Rob Pullen, CEO & President of Tellabs, has been diagnosed with colon cancer. In a statement, Mr. Pullen said he would continue his corporate responsibilities throughout the course of his treatment.
http://www.tellabs.com

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