RELTEC

RELTEC is a leader in the design, manufacture and sale of a broad range of telecommunications systems, products and services to wireline and wireless service providers and OEMs in North America and around the globe. Most of the Company's systems, products and services can be found in the access portion of the telecommunications network, also referred to as the local loop. The Company's products and services can be categorized as follows: - ACCESS SYSTEMS -- The Company believes it is one of th... e top three U.S. suppliers of next generation digital loop carrier (NGDLC) systems, which the Company markets under the DISCHS brand name. In addition, RELTEC is a leader in providing fiber-to-the-curb (FTTC) systems, with what it believes are more installed FTTC lines in the United States than all other suppliers combined. In 1997, Access Systems accounted for net sales of $283.6 million, or 32.0% of the Company's total net sales. - INTEGRATED WIRELESS SOLUTIONS -- The Company is one of the leading global independent suppliers of integrated electro-mechanical subsystems used in outdoor wireless base stations. These subsystems are sold to the major telecommunications OEMs and wireless service providers and, together with the radio electronics manufactured by the wireless OEMs, comprise what is commonly referred to as a base station. RELTEC also designs and manufactures outside plant, power systems, cabling and other products and provides installation services for wireless OEMs and service providers. In 1997, Integrated Wireless Solutions accounted for net sales of $195.3 million, or 22.0% of the Company's total net sales. - NETWORK COMPONENTS AND SERVICES -- Network Components include: outside plant products (enclosures, environmental control and heat management systems, and advanced connection and protection products); power systems and modular power products; network test and monitoring systems; and data networking racks. Network Services include program management and aftermarket services. In 1997, Network Components and Services accounted for net sales of $408.3 million, or 46.0% of the Company's total net sales.More