Redback Announces Carrier Wins in 22 of 32 Chinese Provinces
07 Septiembre 2006 - 4:30AM
Business Wire
Redback Networks Inc. (NASDAQ:RBAK), a leading provider of
next-generation broadband networking systems, today announced
several milestones in broadband service deployments with incumbent
carriers in China, including carrier wins in 22 of 32 provinces in
China. Redback's SmartEdge(R) family of multi-service edge routers
have now been deployed in 22 of China's 32 provinces, serving
millions of business and residential broadband customers. There are
about 30 million DSL users in China, about 20 percent of the
estimated 150+ million DSL users worldwide, according to
Point-Topic, a U.K.-based telecommunications research firm. China
is Redback's second largest market and third largest customer, if
you combine China's public-owned telephone carriers into one group.
Over the last 12 months, Redback has 22 carrier wins in China,
focused on the independently operated, provincial subsidiaries of
China Telecom and China Netcom, the two largest incumbent carriers
in China. For China Telecom, this includes provincial carriers in
Guangdong, Zhejiang, Fujian, Anhui, Hubei, Jiangxi, Yunnan,
Shaanxi, Ningxia, Heilongjiang and Tibet. For China Netcom, this
includes similar deployments in Shandong, Liaoning, Hebei,
Heilongjiang, Jilin, Henan, Shanxi, Inner Mongolia, Zhejiang,
Chongqing and Yunnan. With these carriers in China, Redback is at
the center of one of the largest IPTV deployments in the world. In
China, five carriers are either using or plan to use in the future
Redback's multi-service edge router to help deliver IPTV service in
Guangdong, Jiangsu, Zhejiang, Shaanxi and Heilongjiang provinces.
Because China has little cable TV infrastructure, these five
telephone carriers hope to sign up to 500,000 IPTV users as a
competitive alternative to satellite and broadcast TV services.
"Our research shows compound annual growth rates of greater than
50% for many new business and residential broadband services in
China," said Mark Bieberich, research director at Yankee Group., a
major research firm in Boston, MA. "Redback's success in the China
market demonstrates its ability to meet this demand with a proven
multi-service edge router." "China is a leader in broadband service
delivery, delivering high-speed Internet, telephone and TV services
over a single IP-infrastructure," said Simon Williams, vice
president of sales and operations in Asia Pacific, Redback
Networks. "Redback supports China's vision that next-generation
broadband services will help to foster economic growth in the
future." "On a world-wide basis, we believe that the next wave of
broadband service upgrades may be larger than the last Internet
build-out. Video changes everything," said Kevin DeNuccio,
president & CEO, Redback Networks. "There are more than 250
million broadband users today and there is an opportunity to
upgrade up to 2 billion existing wireless and wire-line users
worldwide. Over time, we believe that carriers will support fewer
networks for data, voice and video services and migrate most users
to a single, IP-based broadband infrastructure." Eleven of the top
20 DSL carriers worldwide deploy Redback's SmartEdge(R)
multi-service edge routers to deliver various broadband services to
tens of millions of business and residential customers worldwide.
These customers include British Telecom, Belgacom, BellSouth, China
Telecom, China Netcom, Chunghwa Telecom, France Telecom and Turk
Telecom, among others. About Redback Networks Redback Networks Inc.
manages 40 million broadband connections for 15 of the top 20
carriers worldwide. Redback's multi-service routing platform
delivers next generation broadband services such as VoIP, IPTV,
On-Demand Video and on-line gaming. Redback Networks has more than
500 carrier customers worldwide and is based in San Jose, CA. In
2006, Redback marks its 10 year anniversary, celebrating ten years
of broadband innovation. For more information, visit Redback
Networks at www.redback.com REDBACK and SmartEdge are trademarks
registered at the U.S. Patent and Trademark Office and in other
countries. NetOp is a trademark of Redback Networks Inc. All other
products or services mentioned are the trademark, service marks,
registered trademarks or registered service marks of their
respective owners. Note Regarding Forward Looking Statements The
statements contained in this press release that are not purely
historical are forward-looking statements within the meaning of
Section 21E of the Securities and Exchange Act of 1934, as amended.
These statements include but are not limited to statements
regarding our expectations, beliefs, intentions or strategies
regarding the future and including, without limitation, statements
regarding the deployment of broadband services and IPTV services in
China by carriers; the belief that next-generation broadband
services will help to foster economic growth, that the next wave of
broadband service upgrades will be larger than the last Internet
build-out, and that carriers will support fewer networks and
migrate wireless and wire-line users to a single broadband
infrastructure; and the ability of Redback's products to help
carriers deliver such services. All forward-looking statements
included in this document are based upon information available to
us as of the date hereof, and we assume no obligation to update any
such forward-looking statements. Forward-looking statements involve
risks and uncertainties, which could cause actual results to differ
materially from those projected. These risks and other risks
relating to our business are set forth in the documents filed by
Redback Networks with the Securities and Exchange Commission (SEC),
specifically the most recent report on Form 10-K for the fiscal
year ended December 31, 2005, Form 10-Q for the quarter ended June
30, 2006, Forms 8-K, and amendments thereto, and the other reports
filed from time to time with the SEC.
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