Telefonica de Peru To Provide Wireless Payphone Service In Lima Using Airspan Wireless DSL Technology.Business Editors/High-Tech Writers BOCA RATON, Fla.--(BUSINESS WIRE)--May 6, 2003 More Than 1,200 Payphones in Lima Will Be Equipped with Airspan's AS4000 Equipment Airspan Networks, Inc. (Nasdaq:AIRN), a leading worldwide provider of fixed wireless DSL DSL in full Digital Subscriber Line Broadband digital communications connection that operates over standard copper telephone wires. It requires a DSL modem, which splits transmissions into two frequency bands: the lower frequencies for voice (ordinary networks, today announced that Telefonica de Peru will utilize its Wireless DSL technology to provide wireless payphone payphone Noun a coin-operated telephone payphone pay n → Münztelefon nt; (card phone) → Kartentelefon nt service at more than 1,200 payphone locations on the outskirts of the capital city of Lima. Telefonica de Peru already provides high-speed Internet and wireless voice services to small-to-medium enterprises throughout Lima, including the Cerro Grande, San Juan, San Jose, Vitrate, Pachacamac, El Retablo A retablo (or lamina) is a small oil painting on any variety of surface, typically a wood carving. This is a different meaning to the original one in Spanish, which still applies in Spain, which is equivalent to retable in English. and Washington regions. The payphones will serve users in the outlying areas of Lima, where little or no traditional telecommunications infrastructure exists. Airspan's relationship with Telefonica de Peru is through an OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and agreement with Ericsson. Ericsson will install the Airspan equipment and provide after-sales service and support. "We're pleased at how our partnership with Ericsson has caused this customer relationship to flourish, enabling Telefonica de Peru to continue expanding its original (April 2001) deployment of Airspan equipment," said Julio Izique, Airspan's senior director of sales for Latin America. This deployment is part of a multi-year agreement with Telefonica, S.A. of Spain, which includes a three-phase agreement valued up to $3 million through the end of 2005. With more than 65 million customers throughout Latin America, Telefonica, S.A. continues its commitment to bring high-speed Internet services to small businesses throughout the region and this expansion helps to solidify Airspan's position as Telefonica's preferred fixed wireless equipment provider. About Telefonica, S.A. Telefonica, S.A. is the world's leading telecoms operator in Spanish- and Portuguese-speaking countries, where it has a potential market of over 550 million people, of whom more than 65 million are already clients. With revenues of EUR EUR In currencies, this is the abbreviation for the Euro. 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. 28,485.5 million in 2000, it is Spain's top multinational in market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. and one of the world's biggest telecoms companies. Telefonica provides services in 41 countries, through subsidiaries in Latin America, Europe, the United States, Africa and Asia. About Ericsson Ericsson is the leading communications supplier, combining innovation in mobility and Internet in creating the new era of mobile Internet. Ericsson provides total solutions covering everything from systems and applications to mobile phones and other communications tools. With more than 100,000 employees in 140 countries, Ericsson simplifies communications for customers all over the world. About Airspan Networks Airspan Networks provides wireless DSL systems and solutions to both licensed and unlicensed operators around the world in frequency bands between 900 MHz (MegaHertZ) One million cycles per second. It is used to measure the transmission speed of electronic devices, including channels, buses and the computer's internal clock. A one-megahertz clock (1 MHz) means some number of bits (16, 32, 64, etc. to 4 GHz, including both the PCS (1) (Personal Communications Services) Refers to wireless services that emerged after the U.S. government auctioned commercial licenses in 1994 and 1995. This radio spectrum in the 1. and 3.5GHz bands. Airspan has also developed an enhanced version of its WipLL product, which in addition to the 2.4GHz band, serves unlicensed operators in the 5.7-5.8GHz bands. Airspan continues to evolve its products in order to meet new 802.11b and 802.16a IEEE (Institute of Electrical and Electronics Engineers, New York, www.ieee.org) A membership organization that includes engineers, scientists and students in electronics and allied fields. standards. The company has deployments with more than 100 operators in more than 50 countries. Airspan's systems are based on radio technology that delivers excellent area coverage, high security and resistance to fading. Airspan's systems can be deployed rapidly and cost effectively, providing an attractive alternative to traditional wired communications networks. Airspan also offers radio planning, network installation, integration, training and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services to facilitate the deployment and operation of its systems. Airspan is headquartered in Boca Raton, Florida Boca Raton ("bōkə rə-tōn") is a city in Palm Beach County, Florida incorporated in May 1925. As of the 2000 census, the city had a total population of 74,764; the 2006 population recorded by the U.S. Census Bureau was 86,396. with its main operations center in Uxbridge, United Kingdom. More information on Airspan can be found at http://www.airspan.com Except for historical matters contained herein, statements made in this press release are forward-looking and are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of 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. Without limiting the generality of the foregoing, words such as "may", "will", "to", "plan", "expect", "believe", "anticipate", "intend", "could", "would", "estimate", or "continue" or the negative other variations thereof or comparable terminology are intended to identify forward-looking statements. Investors and others are 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. These risk factors include, without limitation, (i) a slowdown of expenditures by communication service providers; (ii) increased competition from alternative communication systems; (iii) the failure of our existing or prospective customers to purchase products as projected; (iv) our inability to successfully implement cost reduction or containment programs; and (v) a loss of any of our key customers. The Company is also 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, 2002. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion