I.C.E., Costa Rica's Largest Telecommunications Operator, Awards Airspan Networks a $12.5 Million WiMAX Contract
January 20 2009 - 8:00AM
Marketwired
Airspan Networks Inc. (NASDAQ: AIRN), a leading provider of
WiMAX-based broadband wireless access networks, announced today
that I.C.E. (El Instituto Costarricense de Electricidad) of Costa
Rica, the country's main telecommunications operator, has awarded
Airspan Networks a follow-on order worth approximately $12.5
million through its local partner, Datatell (Datatell 3000 de Costa
Rica), for a network expansion and the deployment of several tens
of thousands of CPEs (customer premises equipment).
The network, operating in the 3.5 GHz band, is made up of
Airspan WiMAX Forum� Certified HiperMAX base stations and a
combination of ProST outdoor installed CPEs and EasyST self-install
desktop units. Together, the equipment will compose a large WiMAX
network offering a broad range of next-generation applications.
"Airspan is excited to continue to supply I.C.E. with solutions
for their WiMAX network. We have been working closely with Datatell
to ensure that I.C.E. receives the best comprehensive solution, not
only for the actual WiMAX equipment, but also for network
installation, management and maintenance as well as radio planning.
We look forward to an on-going strong relationship with the company
and to continuing to help them quickly achieve their growth
objectives," stated Amit Ancikovsky, Airspan's Vice President and
General Manager, Americas.
Eric Stonestrom, Airspan's President and Chief Executive
Officer, added, "Incumbent carriers such as I.C.E. continue to
select Airspan to solve their broadband connectivity needs. We are
helping these operators quickly deploy field-proven networks
whether overcoming challenging terrain, serving diverse
demographics, or providing a quick return on aggressive business
models." Stonestrom continued, "Despite the challenging economic
times, the business case for wireless broadband connectivity around
the world remains compelling. Airspan's combination of strong
customer focus and award-winning products continue to create value
for our customers."
About Airspan Networks Inc.
Airspan is a leading WiMAX pure player and the solution-provider
of choice for some of the world's largest WiMAX deployments.
Developing leading-edge technology for broadband access and
IP-telephony, Airspan continues to supply operators around the
world with best-of-breed solutions. 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,"
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forward-looking statements, although not all forward-looking
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achieve the plans, intentions or expectations disclosed in our
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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.
For Investor Relations, contact: Charlotte Laurent-Ottomane
Investor Relations Tel. +1 561 395 4581 Email:
clottomane@airspan.com For Media Inquiries, contact: Dori Erann
Director Marketing Communications Airspan Networks Inc. Tel. +1
561.893.8687 Email: derann@airspan.com
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