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Fujitsu Acquires US-Based Network Service Provider TrueNet Communications

Newly Combined Inside-and-Outside Plant Capabilities will Provide One-Stop Shop for Organizations Building or Upgrading Broadband Networks

Fujitsu Limited

Tokyo, July 27, 2016

Fujitsu Limited today announced that Fujitsu Network Communications Inc. has acquired TrueNet Communications, Inc., a leading national communications infrastructure engineering contractor, for undisclosed terms. TrueNet, headquartered in Jacksonville, Florida, will retain its distinct brand identity through the transition into a wholly owned subsidiary of Fujitsu Network Communications. The acquisition greatly expands Fujitsu Network Communications' potential range of offerings as a prime contractor, and enhances the company's ability to deliver complete, end-to-end solutions for designing, building, operating, and maintaining fiber and wireless communications infrastructure.

The combination of Fujitsu Network Communications' Inside Plant (ISP) and TrueNet's Outside Plant (OSP) expertise creates an industry leader that can deliver the design and management services necessary to support every stage of a broadband network's lifecycle. This new leader reduces operational, organizational and communication silos, creating cohesive services to any organization considering investment in hybrid broadband infrastructure.

"TrueNet's OSP capabilities are an ideal complement to Fujitsu's portfolio, creating a total broadband solution provider," said Greg Manganello, senior vice president and head of services at Fujitsu Network Communications, Inc. "With this ISP/OSP design control and single point of responsibility, Fujitsu can ensure a seamless, integrated broadband network and minimize project risk. As a result of this acquisition, whether customers select individual services or an end-to-end solution, we can now help them realize their visions faster. We believe that broadband turns towns into communities, states into job creators, and enterprises into powerhouses. Now we can help our customers harness the transformative power of broadband even faster."

About TrueNet Communications

Name TrueNet Communications, Inc.
Established 1985
Employees Approximately 360
Headquarters Florida
Business Planning, designing, building, and support for fiber and wireless communications infrastructure, primarily in the North American and Caribbean regions

About Fujitsu

Fujitsu is the leading Japanese information and communication technology (ICT) company, offering a full range of technology products, solutions, and services. Approximately 156,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers. Fujitsu Limited (TSE: 6702) reported consolidated revenues of 4.7 trillion yen (US$41 billion) for the fiscal year ended March 31, 2016. For more information, please see http://www.fujitsu.com.

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All company or product names mentioned herein are trademarks or registered trademarks of their respective owners. Information provided in this press release is accurate at time of publication and is subject to change without advance notice.

Date: 27 July, 2016
City: Tokyo
Company: Fujitsu Limited