Airspan WiMAX Network Presented to Russian and Armenian Presidents
24 Octobre 2008 - 3:07PM
Marketwired
Airspan Networks, Inc. (NASDAQ: AIRN), a leading provider of
WiMAX-based broadband wireless access networks announced that
earlier this week, an official ceremony was held in Yerevan, the
capital of Armenia, to launch Comstar's nation-wide, WiMAX
communications network powered by Airspan equipment. At the
ceremony, Comstar's CEO presented Airspan's award-winning MiMAX
Q-Series USB devices to Russian President, Dmitry Medvedev and
President of Armenia, Serge Sarkisyan.
Comstar, the largest integrated telecommunications provider in
Russia and CIS, has deployed Airspan's WiMAX equipment to create a
combined fixed and mobile network. The network, which currently
comprises 24 base stations, covers Yerevan and 18 additional
cities, offering Armenian residents and businesses high-speed
Internet, VoIP, video conferencing and mobile services.
During the ceremony, the Presidents of both States participated
in a real-time two-way video conference with a medical diagnostics
center and were briefed on a pilot deployment for mobile WiMAX in
the city of Armavir. Both the video link and the mobile deployment
are enabled via Mobile WiMAX links supported by Airspan's EasyST
indoor subscriber stations.
Sergey Pridantsev, President and Chief Executive Officer of
Comstar UTS, commented: "This national WiMAX network is a unique
project for Armenia, and one of the first projects of its kind
worldwide. Airspan was able to supply us with a superior solution
to meet our requirements, enabling us to deliver modern
communications services that help improve quality of life as well
as bring telephony services and broadband internet access to some
homes for the first time ever."
"We are very proud to partner with Comstar in such a
revolutionary project," stated Anders Rendahl, Airspan's Senior
Vice President & General Manager EMEA. "The attendance of the
Presidents of Russia and Armenia to this ceremony only highlights
the importance of the life-changing effects a network such as this
can have on a country like Armenia. We look forward to further
expansion of the Comstar network in 2009 and to continuing to help
revolutionize fixed and mobile communications in this important and
growing economy."
About Comstar
Comstar-United TeleSystems JSC is the leading fixed-line
telecommunications company in Moscow. Comstar provides voice, data,
television and other value-added services to residential and
corporate subscribers and operators, using its extensive backbone
network and exclusive last mile access to 97% of Moscow households.
The Company also offers communications services in five Russian
regions, Armenia and Ukraine. Comstar had 3.6 million residential
subscribers and 783 thousand residential broadband internet
subscribers in Moscow, as well as 49 thousand residential regional
and international broadband internet subscribers at the end of June
2008. Comstar generated US$ 834.2 million of revenues and a 39.5%
OIBDA margin for the six months ended June 30, 2008. Comstar's
Global Depositary Receipts are listed on the London Stock Exchange
(ticker: CMST). For details, please visit:
http://www.comstar-uts.ru.
About Airspan Networks Inc.
Airspan is the industry's leading WiMAX pure player, ranked #1
for IEEE802.16-2004 WiMAX revenue in 2007 and has now been selected
for some of the world's largest mobile WiMAX deployments. With
direct sales offices throughout Asia, EMEA and the Americas, a
worldwide network of resellers and agents, and partnership
alliances with major OEMs, Airspan boasts over 100 commercial WiMAX
deployments worldwide. www.airspan.com.
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. All statements,
other than statements of historical facts, including statements
regarding our strategy, future operations, financial position,
future revenues, projected costs, prospects, plans and objectives
of management, may be deemed to be forward-looking statements. The
words "anticipates," "believes," "estimates," "expects," "intends,"
"may," "plans," "projects," "will," "would" and similar expressions
or negative variations thereof are intended to identify
forward-looking statements, although not all forward-looking
statements contain these identifying words. We may not actually
achieve the plans, intentions or expectations disclosed in our
forward-looking statements and you should not place undue reliance
on our forward-looking statements. There are a number of important
factors that could cause actual results or events to differ
materially from the plans, intentions and expectations disclosed in
the forward-looking statements we make. Investors and others are
therefore cautioned that a variety of factors, including certain
risks, may affect our business and cause actual results to differ
materially from those set forth in the forward-looking statements.
The Company is subject to the risks and uncertainties described in
its filings with the Securities and Exchange Commission, including
its Annual Report on Form 10-K for the year ended December 31, 2007
and in the Company's 2008 Quarterly Reports on Form 10-Q. You
should read those factors as being applicable to all related
forward-looking statements wherever they appear in this press
release. We do not assume any obligation to update any
forward-looking statements.
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For Investor Relations and Media Inquiries, contact: David Brant
Senior Vice President & Chief Financial Officer Airspan
Networks Inc. Tel: +1 561 893-8650 Fax: +1 561 893-8681 Email:
dbrant@airspan.com Charlotte Laurent-Ottoman Investor Relations
Tel. +561 395 4581 Email: clottomane@airspan.com
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