Nera and Telenor Satellite Services Sign Broadband Contract; Nera Gateway to be Located at Telenor's Teleport in Southbury, Connecticut in the United States.OSLO, Norway & ROCKVILLE, Md. -- Norwegian telecom supplier Nera and satellite communications provider Telenor Satellite Services have signed a contract for the delivery of a broadband satellite gateway- the Nera Satlink Gateway. Telenor will use the new DVB-RCS DVB-RCS Digital Video Broadcasting - Return Channel Via Satellite SatLink System to expand its wide range of satellite communication solutions to meet the growing demand for broadband IP services among Telenor customers seeking a point of presence within the United States. The initial value of the Satlink Gateway contract is NOK NOK In currencies, this is the abbreviation for the Norwegian Krone. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 8 million. DVB-RCS (Digital Video Broadcast -Return Channel System) is an open standard for two-way communication over satellite. DVB-RCS networks allow for cost-efficient broadband satellite transmit and receive links, and support a wide variety IP-based broadband services. A DVB-RCS system typically consists of a central RCS-Gateway for broadcast uplink and remote RCS-Terminal stations to connect the customers interactively to the network. "With the Nera DVB-RCS SatLink System, Telenor Satellite Services continues to expand its portfolio of broadband Internet access Broadband Internet access, often shortened to just "broadband", is high speed Internet access—typically contrasted with dial-up access over modem. Dial-up modems are generally only capable of a maximum bitrate of 56 kbit/s (kilobits per second) and require the full use of a services complemented by Telenor's unique value-added extensions. These services include media streaming, video broadcasting, Voice over IP (VoIP) telephony and IP multicasting, all of which are intended to meet the growing needs of enterprise customers who are not within reach of ADSL coverage," said Keith Regan, vice president of Engineering and Operations for Telenor Satellite Services. "At the same time, Telenor's DVB-RCS technology, powered by Terralink (TM), Telenor's expanded IP infrastructure and related applications, can significantly reduce the cost of communications for our end users." "We are very pleased to further strengthen our partnership with Telenor. The market for broadband satellite communications is rapidly expanding and the DVB-RCS has become the de facto standard Hardware or software that is widely used, but not endorsed by a standards organization. Contrast with de jure standard. de facto standard - A widespread consensus on a particular product or protocol which has not been ratified by any official standards body, such as ISO, for broadband-over-satellite. This agreement shows Telenor's and Nera's commitment to drive the development of, and expand, this market," says Terje Ask-Henriksen President Nera Satcom. Telenor Satellite Services is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Telenor of Norway (Oslo Stock Exchange Oslo Stock Exchange An exchange founded in 1819 and trading stocks, bonds, and stock options that is considered the options market of Norway. : TEL and NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : TELN). Nera ASA is listed on the Oslo Stock Exchange and its associated company Nera Telecommunications Ltd is listed on the Singapore Exchange Ltd. |
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