Redback (NASDAQ:RBAK)
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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.