Telefonica de Espana Selects Riverstone's Carrier-Class Solutions for Spain's Largest Broadband Deployment.
SANTA CLARA, Calif.--(BUSINESS WIRE)--Oct. 30, 2002
Riverstone Networks, Inc., (Nasdaq:RSTN) a pioneer in metropolitan area networking, today announced that Telefonica de Espana, S.A.U., Spain's incumbent provider and a subsidiary of the world's fourth largest telecommunications company Telefonica, will deploy Riverstone's RS family of routers as part of Spain's largest broadband network rollout. The nationwide deployment, known as eBA, or e-Broadband Access, will deliver advanced Ethernet services to Telefonica de Espana's largest enterprise customers throughout Spain.
Telefonica de Espana will deploy Riverstone's RS 38000 and RS 8600 metro routers to create and deliver premium services to its business customers, including bandwidth guarantees, fast recovery times, customized backup resources, and advanced multi-protocol label switching (MPLS)-based services. Telefonica de Espana carefully evaluated a range of solutions and determined that Riverstone's technology best enabled the broadband services that their customers require to compete in a global economy.
"For carriers in Europe and throughout the world, Telefonica de Espana is setting the standard for a new generation of broadband services," said Romulus Pereira, president and CEO of Riverstone Networks. "This is a tremendous validation of our market strategy, technology leadership, and vision of global metropolitan networks."
Riverstone's advanced MPLS portfolio enables Telefonica de Espana to generate additional revenue through the delivery of next-generation Ethernet services over its existing IP network. Leveraging Riverstone's technology, Telefonica de Espana will add connection-oriented properties and SONET-like reliability to its Ethernet network to deliver IP virtual private networks (VPNs), virtual private lines, and virtual private LAN services. Riverstone's MPLS capabilities also allow Telefonica de Espana to prioritize traffic and guarantee service level agreements.
Riverstone has shipped more than 8,000 MPLS ports to many of the most advanced carriers in the world. With enhanced features that bring greater resiliency to IP networks, Riverstone's MPLS technology increases service assurance and enables carriers to guarantee service levels. Riverstone's MPLS portfolio supports both Layer 2 point-to-point (Martini Draft) and point-to-multipoint (Lasserre-vkompella Draft) tunneling and Layer 3 IP VPNs. Recent portfolio enhancements, such as MPLS fast reroute and transparent VPNs, bring greater resiliency to IP networks and reduce the costs associated with creating and delivering services.
Landata Payma, one of the largest system integrators in Spain, worked closely with Riverstone during the evaluation and testing process. Landata Payma will facilitate the eBA deployment and integration, and will provide professional support services following the roll out. Landata Payma is a subsidiary of IBV Corporation, one of Spain's largest industrial corporations.
About Telefonica de Espana
Telefonica de Espana is a wholly owned subsidiary of Telefonica, the leading telecommunications operator in the Spanish- and Portuguese-speaking world. It is the largest Spanish company by market capitalization and one of the largest telecommunications sector companies in the world. Telefonica provides a complete range of communications services, including fixed telephony, mobile telephony, data transmission, business services, Internet access, directories, and CRM services and content. Its customer base exceeds 80 million with a potential market of 550 million. Its main markets comprise 16 countries although it is present in almost 50. Additional information can be found at www.Telefonica.com/home_eng.html.
About Landata Payma
Landata Payma is a system integrator company leader in the Spanish market whose aim is to develop products and services, project integration and communication solutions, to generate value to telecom service providers and large corporations. With offices in Madrid, Bilbao, Barcelona, Valencia and Sevilla, Landata Payma belongs to IBV Corporation, one of the Spain's largest industrial corporations. Landata Payma ranks 5th position in the Spanish Market of Information Technologies and Telecommunications according to Computerworld. Additional information can be found at www.landata.payma.es.
About Riverstone Networks
Riverstone Networks, Inc. (Nasdaq: RSTN) provides solutions for metropolitan area networks, enabling carriers to convert raw bandwidth into profitable services. In more than 50 countries, carriers operating many of the world's largest metropolitan area networks depend on Riverstone to create and reliably deliver profitable services over legacy and next-generation infrastructures. Worldwide, Riverstone routers are the trusted choice of telecommunications carriers. For more information, please visit Riverstone's web site at www.riverstonenet.com.
Except for the historical information contained herein, the matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements speak only as of the date hereof and are subject to risks and uncertainties that may cause actual results to differ materially. These risks and uncertainties include the risks detailed from time to time in Riverstone Networks' SEC reports, including its quarterly report on Form 10-Q for the period ended August 31, 2002. Riverstone Networks disclaims any intent or obligation to update or revise these forward-looking statements.
Riverstone Networks is a trademark of Riverstone Networks, Inc. All other trademarks, service marks, and trade names belong to their respective owners.