QualityStocks News – Airspan Networks Inc. (AIRN) Announces Successful Saudi Arabian Deployment of WiMAX Services

We would like to highlight Airspan Networks, Inc. (NASDAQ: AIRN). The company is a global supplier of broadband wireless equipment supporting the Worldwide Interoperability for Microwave Access (WiMAX) protocol standard, which provides telecommunication access network to connect end users to telecommunication backbone networks. The Company's primary target customers are communications service providers and other network operators that deploy WiMAX networks in licensed and unlicensed (license exempt) spectrums worldwide.

In the company’s news yesterday,

Airspan Networks Inc. announced that the Saudi Arabian carrier, Saudi Telecom, has successfully deployed WiMAX services using Airspan’s HiperMAX base stations. The HiperMAX provides fixed and mobile WiMAX solutions. Following the first successful deployment, the second phase is now being activated as Airspan supplies its EasyST indoor and ProST outdoor subscriber terminals.

Partnering with its Saudi Arabian partner, Arabian Development and Marketing Company Ltd. (EMEA), Airspan will supply Saudi Telecom, the largest Tier 1 carrier in the country, with WiMAX solutions.

“We are very pleased to be working with Saudi Telecom in its WiMAX initiative. We are fully committed to strengthen and continue our strategic cooperation with them as their WiMAX business grows,” Airspan’s senior vice president of sales and general manager of EMEA, Anders Rendahl, stated in the press release.

Saudi Telecom’s 3.5 GHz license covers the entire kingdom, deploying the HiperMAX to offer broadband data/Internet and voice services based on an 802.16e-2005 ready WiMAX platform, applicable to urban and rural areas. According to Samir Matbouli, Saudi Telecom’s vice president for the Enterprise Business unit, the arrangement will help it in its efforts to put the customer first and offer service on a wider geographic scale.

“Saudi Telecom continues to strive towards its objective of being a customer-centric and competitive company. We believe that WiMAX technology is one of the important tools in broadband wireless access technology which will enable Saudi Telecom to provide highly reliable broadband voice and data access quickly on demand, everywhere and anywhere, within Saudi Arabia. We are confident that Airspan’s WiMAX solution will help us to achieve our goals,” Matbouli stated.

About QualityStocks

QualityStocks, based in Scottsdale, Arizona is a free service that collects data from hundreds Small-Cap and Micro-Cap online Investment Newsletters into one Free Daily Newsletter Report. QualityStocks is dedicated to assisting emerging public companies with their advertising efforts and now has over 500,000+ subscribers that receive The Daily Stock Newsletters.

To sign up for “The QualityStocks Daily Newsletter” please visit http://www.qualitystocks.net/

Please see disclaimer on QualityStocks website: http://Disclaimer.QualityStocks.net 

Forward-Looking Statement:

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.