RBAK Redback Networks

Redback Networks Inc. (NASDAQ:RBAK), a leading provider of next-generation IP broadband networking systems, today announced that Mobistar, part of the Orange Group and Belgium's second largest mobile operator, has selected Redback's SmartEdge(R) Service Gateway platform to build a DSL network to deliver new broadband services across Belgium. The SmartEdge Service Gateway systems are being deployed both in the core and at the edge of Mobistar's new broadband network, providing carrier class routing and consumer scale subscriber management services. "Offering fixed line broadband services is a logical extension of Mobistar's offerings to consumers and business customers," said Magnus Almquist, vice president of EMEA sales and operations at Redback Networks. "The SmartEdge Service Gateway platform enables Mobistar to offer broadband services to its extensive customer base and attract new customers by delivering bundled service packages," he continues. "We are very pleased to work closely with Mobistar on this exciting project." "In deploying the SmartEdge throughout our network, we are able to consolidate the core and edge of our network infrastructure into a single network element, with a direct positive effect on the associated operational costs," said Bernard Buyat, Head of Information Technology & Network at Mobistar. About Mobistar Mobistar (EURONEXT BRUSSELS:MOBB) is one of the main actors in the world of telecommunications in Belgium, active in mobile telephony, fixed telephony, ADSL and on other markets with a strong growth potential (data transmission, etc.). Mobistar is part of the Orange Group which brings together most of the mobile activities of France Telecom. Mobistar is listed on the Brussels Stock Exchange. On 30 September 2005 Mobistar counted a total of 2,886,739 active customers for mobile telephony. About Redback Networks Redback Networks Inc., a leading provider of next-generation broadband networking equipment, enables carriers and service providers to build Smart Broadband Networks that are personalized, adaptive and efficient. The Smart Broadband Network provides advanced IP based subscriber services to consumers, businesses and wholesale customers. The company's carrier-class, scalable SmartEdge product family combines carrier class edge routing, advanced subscriber management and high density Ethernet aggregation functions. In conjunction with the NetOp(TM) Element and Policy Manager platforms the SmartEdge family provides a powerful and flexible infrastructure solution that enables delivery of next-generation Broadband IP services. Founded in 1996 and headquartered in San Jose, Calif., with sales and technical support centers located worldwide, Redback Networks maintains a growing and global customer base of more than 500 carriers and service providers, including major local exchange carriers (LECs), inter-exchange carriers (IXCs), PTTs, service providers and ISPs. For more information, visit Redback Networks at www.redback.com. REDBACK and SmartEdge are trademarks registered at the U.S. Patent and Trademark Office and in other countries. NetOp is a trademark of Redback Networks Inc. All other products or services mentioned are the trademark, service marks, registered trademarks or registered service marks of their respective owners. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended, including statements regarding Redback Networks' expectations, beliefs, intentions or strategies regarding the future and including, without limitation, statements regarding Mobistar deploying the SmartEdge Service Gateway systems and the expected benefits to Mobistar and its customers, including without limitation a reduction in cost, as a result of such deployment. All forward-looking statements included in this document are based upon information available to Redback Networks as of the date hereof, and Redback Networks assumes no obligation to update any such forward-looking statements. Forward-looking statements involve risks and uncertainties, which could cause actual results to differ materially from those projected. These risks include without limitation risks relating to possible delays or problems with deployment of our products or services and the other risks and uncertainties as set forth in the documents filed by Redback Networks with the Securities and Exchange Commission (SEC), specifically Redback Networks' Quarterly Report on Form 10-Q for the period ending September 30, 2005 and other recent reports on Form 10-K, Form 10-Q, Form 8-K, Redback's Registration Statement on Form S-3 (File No. 333-114352), and amendments thereto, and the other reports filed from time to time with the SEC.