ADC Lands $300M Contract

Everest buys hybrid fiber-coax gear for broadband network

October 17, 2000

1 Min Read

MINNEAPOLIS -- ADC (Nasdaq: ADCT; www.adc.com), a leading global provider of fiber optics, equipment, software and integration services for broadband, multiservice networks, announced today that it has signed a three-year contract to supply its complete range of Hybrid Fiber Coax (HFC) network equipment and services to Everest Connections, a St. Louis-based broadband cable network builder and alternative services provider. ADC estimates the agreement to be worth $300 million over the next three years.

Everest has announced plans to build and operate innovative broadband networks that successfully bring digital video, telephony and data services to customers in at least four U.S. markets, including Kansas City; Minneapolis and St. Paul, Minn.; and Tulsa, Okla. The new networks are designed to easily adapt to customer needs and new technology, extend fiber further into the network, offer greater bandwidth, serve a larger numbers of customers, and deliver video-on-demand and voice over the Internet.

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