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Ciena and British Telecom Continue Optical Network Development

November 1, 2017 9:00 AM

5-year contract renewal supports BT’s new business and growth ambitions for direct optical services

HANOVER, Md.--(BUSINESS WIRE)-- Multinational telecommunications services company BT has agreed to a five-year contract renewal with Ciena (NYSE: CIEN) to deploy its 6500 Converged Packet Optical Platform. The deployment will enable BT to grow its optical services business, building capacity via 100G and nx100G high capacity wavelengths that offer reliable, high speed connectivity services. The UK-wide deployment, which commenced in summer 2017, is supporting BT in its efforts to further upgrade network capacity.

Key Facts:

Executive Comments:

About BT

BT’s purpose is to use the power of communications to make a better world. It is one of the world’s leading providers of communications services and solutions, serving customers in 180 countries. Its principal activities include the provision of networked IT services globally; local, national and international telecommunications services to its customers for use at home, at work and on the move; broadband, TV and internet products and services; and converged fixed-mobile products and services. BT consists of six customer-facing lines of business: Consumer, EE, Business and Public Sector, Global Services, Wholesale and Ventures, and Openreach.

For the year ended 31 March 2017, BT Group’s reported revenue was £24,062m with reported profit before taxation of £2,354m.

British Telecommunications plc (BT) is a wholly-owned subsidiary of BT Group plc and encompasses virtually all businesses and assets of the BT Group. BT Group plc is listed on stock exchanges in London and New York.

For more information, visit www.btplc.com.

About Ciena

Ciena (NYSE: CIEN) is a network strategy and technology company. We translate best-in-class technology into value through a high-touch, consultative business model – with a relentless drive to create exceptional experiences measured by outcomes. For updates on Ciena, follow us on Twitter @Ciena, LinkedIn, the Ciena Insights blog, or visit www.ciena.com.

Note to Ciena Investors

You are encouraged to review the Investors section of our website, where we routinely post press releases, SEC filings, recent news, financial results, and other announcements. From time to time we exclusively post material information to this website along with other disclosure channels that we use. This press release contains certain forward-looking statements that are based on our current expectations, forecasts, information and assumptions. These statements involve inherent risks and uncertainties. Actual results or outcomes may differ materially from those stated or implied, as a result of risks and uncertainties, including those detailed in our most recent annual or quarterly report filed with the SEC. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies and can be identified by words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "will," and "would" or similar words. Ciena assumes no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

Press Contact:

Ciena Corporation

Jamie Moody, +1 214-995-8035

[email protected]

or

BT

Isabel Allanwood, +020 7356 5369

[email protected]

or

Investor Contact:

Ciena Corporation

Gregg Lampf, +1 410-694-5700

[email protected]

Source: Ciena Corporation

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