Ribbon Communications Inc
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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FY2023 · Filed Feb 28, 2024
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Item 2. Properties
Wecontinue to consolidate and reduce the number of facilities we operate worldwide. As of December 31, 2023, we maintained the following principal facilities:
| Location | Location | Lease expiration |
|---|---|---|
| Plano, Texas (a) | Corporate headquarters, sales, marketing, research and development/engineering, customer support, general and administrative | September 2032 |
| Westford, Massachusetts | Research and development, customer support, general and administrative | August 2028 |
| Ottawa, Canada (b) | Research and development/engineering, customer support, general and administrative | December 2029 |
| Petah Tikva, Israel (Main Campus) (b)(c) | Research and development/engineering, sales and marketing, customer support, general and administrative | January 2025 |
| Petah Tikva, Israel (Kshatot) (b)(c) | Service, research and development/engineering, supply chain | January 2025 |
| Bangalore, India (Delta) (d) | Research and development/engineering, customer support, general and administrative | October 2024 |
| Bangalore, India (Alpha) | Research and development/engineering, customer support, general and administrative | December 2028 |
(a) A portion of this facility was not in use at December 31, 2023 and is being marketed for sublease.
(b)A portion of this facility was not in use at December 31, 2023 and some of the unused space is being subleased.
(c)We plan to consolidate and relocate our office space in Israel. A new lease was signed in 2023 for a building under construction in Petah Tikva. Buildout of the space to our specifications will begin in mid 2024 with occupancy expected in 2025.
(d) We plan to renew this lease through January 2028.
We also lease smaller spaces that are each under 50,000 square feet for our staff in various countries around the world in sales, marketing, R&D/engineering, customer services and support, as well as for warehouse purposes. We believe our remaining facilities will be adequate for our current needs and that suitable additional space will be available as needed.
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