Paradyne Networks (Zhone Technologies)

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Zhone Technologies.
7001 Oakport Street
Oakland, CA 94621
United States
Phone: (510) 777-7000
Fax: (510) 777-7001
Web Site: http://www.zhone.com/

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BUSINESS SUMMARY

Zhone Technologies to Acquire Paradyne Networks

Combination Provides Scale and Solutions to Address U.S. and Global Network Operators

OAKLAND, CA — July 8, 2005 — —

Zhone Technologies, Inc. (Nasdaq: ZHNE), the first company dedicated solely to delivering the full spectrum of next-generation access infrastructure equipment, today announced that it will acquire Paradyne Networks, Inc. (Nasdaq: PDYN), a leading provider of triple play broadband loop carriers (BLCs) and Ethernet access equipment.

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