Catapult Communications to Auction Australian 3G Bandwidth; Selects TeleResources as Auction Agent.Business Editors/High-Tech Writers MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--July 5, 2000 Catapult Communications today announced that it would auction off the 3G (third generation digital cellular) Australian bandwidth licenses that it purchased in 1998. The Company has selected a specialized Australian consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a , TeleResources Pty Ltd PTY LTD Propriety Limited (company structure in Australia) ., to conduct the auction, expected to be held in Australia during the week of September 11, 2000. In 1998, Catapult purchased 3G bandwidth licenses in the Australian states of Queensland and South Australia South Australia, state (1991 pop. 1,236,623), 380,070 sq mi (984,381 sq km), S central Australia. It is bounded on the S by the Indian Ocean. Kangaroo Island and many smaller islands off the south coast are included in the state. in a government-sponsored auction. "We planned to resell this bandwidth to our customers to test 3G equipment in an actual use environment," said Richard A. Karp, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Catapult. "However, recent auctions of similar bandwidth have suggested that 3G licenses have considerably increased in value. As a result, we determined that it is now in our shareholders best interest to auction off those licenses." Maurie Dobbin, managing director of TeleResources, added, "We anticipate considerable interest in these licenses. This is the only 3G 1800 mhz bandwidth in regional areas not held by Telstra, the dominant telecom carrier in Australia. By obtaining additional bandwidth, 3G operators can avoid paying high roaming fees in areas that contain some of Australia's leading tourist destinations." The auction will be held by public outcry. Any revenues generated from this sale are expected to be realized by Catapult in its fiscal year beginning October 1, 2000, once the licenses are officially transferred. Potential bidders interested in learning more about Catapult's auction should contact TeleResources at +61(0)2-9975-2230 or email teleres@teleres.com.au. About Catapult Catapult Communications Corporation provides advanced test systems to equipment manufacturers and service providers for the design, integration, installation and acceptance testing (programming) acceptance testing - Formal testing conducted to determine whether a system satisfies its acceptance criteria and thus whether the customer should accept the system. of a broad range of digital telecommunications equipment and services. Catapult delivers test solutions for over 160 protocols and variants in the following network areas: 3G, VoIP, GPRS (General Packet Radio Service) The first high-speed digital data service provided by cellular carriers that used the GSM technology. GPRS added a packet-switched channel to GSM, which uses dedicated, circuit-switched channels for voice conversations. , SS7, Intelligent Network, ATM, V5, Digital Cellular and ISDN ISDN in full Integrated Services Digital Network Digital telecommunications network that operates over standard copper telephone wires or other media. . Catapult Communications Corporation is headquartered at 160 South Whisman Road, Mountain View, CA 94041. Tel: 650/960-1025. International offices are located in UK, Germany, France, Canada and Japan. Information about Catapult Communications can be found on the Web at http://www.catapult.com. Established in 1981, TeleResources is one of Australia's leading consultancies specializing in telecommunications. In 1998, TeleResources was appointed by the Australian Communications Authority to undertake a landmark study into the choice of a digital cellular standard to replace Australia's analogue network. The company has previously acted as an advisor to bidders in spectrum auctions conducted by the Australian government. "This press release contains certain forward-looking statements as that phrase is defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those projected. Such risks include that there can be no assurance that any revenue will be generated as a result of this action. Further risks are detailed in the Company's filings with the Securities and Exchange Commission, including the Company's most recent Form 10-Q Form 10-Q See 10-Q. for the second quarter of 2001 and Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for fiscal year 2000." |
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