BOCA RATON, FL — (Marketwire) — 07/28/11 — Airspan Networks Inc., a leading provider of broadband wireless access networks, announced today that Aptics Trading (Aptics), a Zimbabwe Internet Service Provider, has selected Airspan 4G equipment to deliver broadband services to a large portion of the nation.
Aptics is one of a small number of ISPs in Zimbabwe who own a Class A license enabling them to deliver Voice over IP (VoIP) services in addition to data and Internet access.
The deployment, operating in the 2.5 GHz band, employs Airspan-s Air4G, a powerful, yet compact, macro base station offering wide area coverage and extremely high capacity. The first phase of the project, initiated in February of this year, includes 60 base station sectors operating on the WiMAX 802.16e platform and the network will continue its countrywide growth with a second phase deployment.
“Airspan is especially suited for our company,” commented Jahdiel Mafukidze, Chief Executive Officer of Aptics. “The quality of the equipment and features such as advanced antenna technologies and frequency reuse made Airspan a clear choice. In addition, their competitive pricing supports our long-term business model.”
Aptics will offer consumers a variety of packages including data, voice and mobility. Zimbabwe, similar to much of Africa, still faces extremely low Internet penetration rates. After over a decade of economic strife and political discord, the country has been slow to build telecom infrastructure. According to market research, at the end of 2010, Zimbabwe had only a 17% Internet market penetration rate.
“Airspan has secured a number of key contracts across Africa and expects to see continued demand in the continent,” commented Amit Ancikovsky, President of Products and Sales at Airspan Networks. “Airspan is able to provide ISPs such as Aptics with a cost-effective 4G solution and with such high consumer demand for broadband connectivity, Aptics can expect a quick return on their investment.”
Airspan products provide 4G WiMAX and LTE solutions operating in the 700 MHz up to 5.9 GHz bands.
About Airspan Networks Inc.
Airspan (PINKSHEETS: AIRO) is a leading 4G wireless solution provider. With over 500 customers in over 100 countries and as a top vendor for carrier-class broadband wireless solutions, Airspan is recognized as a leader and pioneer in 4G and broadband wireless technologies. Providing an expansive product portfolio, Airspan offers customers the widest selection of 4G products in the industry with an unsurpassed level of technology to benefit their business case. Airspan has solutions spanning the 700 MHz to 6 GHz frequency bands. .
Oak Investment Partners XI, Limited Partnership holds a controlling interest in Airspan. Airspan is not subject to the informational reporting requirements of the Securities Exchange Act of 1934 and, accordingly, does not file reports, financial statements, proxy statements, information statements or other information with the Securities and Exchange Commission. This press release contains forward-looking statements. All statements, other than statements of historical facts, including statements regarding our strategy, future operations, financial position, future revenues, projected costs, prospects, plans and objectives of management, may be deemed to be forward-looking statements. The words “anticipates,” “believes,” “estimates,” “expects,” “intends,” “may,” “plans,” “projects,” “will,” “would” and similar expressions or negative variations thereof are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements and you should not place undue reliance on our forward-looking statements. There are a number of important factors that could cause actual results or events to differ materially from the plans, intentions and expectations disclosed in the forward-looking statements we make. Investors and others are therefore 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. We do not assume any obligation to update any forward-looking statements.
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Dori Erann
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Airspan Networks Inc.
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