Sonus Networks announced that following the recent completion of the Sonus and GENBAND mergers, the ticker symbol of the company’s common stock on the Nasdaq Global Select Market will change to “RBBN” effective upon the commencement of trading on Wednesday, November 29, 2017.
The company also announced that its corporate name will officially change to Ribbon Communications Inc., effective at 6:00 a.m. Singapore time, November 29, 2017.
A Closing Bell ceremony celebrating the change will take place at 5:00 a.m. Singapore time on November 30, 2017 at Nasdaq MarketSite at 4 Times Square in New York City. Ray Dolan, President and Chief Executive Officer; David Walsh, former Chief Executive Officer of GENBAND and Founder of Kandy; Daryl Raiford, Chief Financial Officer, and other senior executives will be in attendance.
“Today is a significant milestone for our newly combined organization,” said Mr. Dolan. “The entire Ribbon Communications team is excited about our enhanced ability to deliver value to our customers, partners and shareholders as we deliver market-leading real-time communications and security solutions across the globe.”
Mr Dolan added, “Our new name is not just about connecting point “a” to point “b”. It reflects our strong desire to continue moving the real-time communications industry forward by dramatically improving the communications experience and encompassing the ability to ensure our contact points are elegantly and seamlessly simple to create, manage and monitor. Ribbon Communications serves as the connection across all of our worlds.”