Redback (NASDAQ:RBAK)
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Redback Networks Inc. (NASDAQ:RBAK), a leading provider
of next-generation broadband networking systems, today announced that
Telefonica del Sur (Telsur), the incumbent carrier in Chile's southern
region, has chosen Redback's SmartEdge(R) Multi-Service Edge Router to
expand its next generation network and power its business and
residential services. Already a Redback customer for five years,
Telsur plans to leverage the combination of edge routing, Ethernet
aggregation and subscriber management to simplify their network, to
expand capacity, and to decrease the time to market for new services.
The upgraded Smart Broadband Network is designed to reduce capital and
operational expenses.
"We needed a proven platform that could scale our next generation
network and provide a smooth migration from ATM to Ethernet transport
and advanced IP services," said Inaki Larraza, director of operations
at Telsur. "The combination of edge routing and subscriber management
should enable us to provide value-added services such as Self
Enrollment, Tiered Bandwidth, and future services such as IPTV and
fixed mobile convergence."
According to Point-Topic, Chile is one of the top countries in
broadband penetration in Latin America. With a subscriber growth rate
of over 100% per year, ADSL has surpassed cable to become the leading
broadband access technology in Chile during 2004. Large investments in
telecommunications, a favorable regulatory environment, and
e-government initiatives were all factors in Chile's broadband growth.
"We're proud to have Telefonica del Sur as they join a larger
population of Redback customers in Latin America. Redback is
responding to the demand in Latin America by increasing sales and
support throughout the region," said John Spiliotis, vice president
sales and operations for the Americas at Redback. "We look forward to
mutual success for Telefonica del Sur and Redback as we address the
demand for broadband services in Latin America."
The Smart Broadband Network provides a single, converged IP
network infrastructure that can deliver voice, video and data services
with a simplified architecture that reduces both capital and
operational expenditures. A recent study by Yankee Group found that
deploying a product with capabilities similar to the SmartEdge
multi-service edge routers can reduce the total cost of ownership of a
next generation network by over 20%, including the reduction of
operations expense by over 50%.
About Telsur
Telefonica del Sur is a telecommunications leader in Chile, with
coverage in various regions. With a solid position in the fixed-line
market, the company also offers dial-up and broadband Internet
services, video security monitoring, alarms and entry access controls,
and national and international long distance, which are all available
through 121 subsidiaries of Telefonica del Sur. In addition, Blue Two
Chile, which is a subsidiary of Telefonica del Sur, is developing the
implementation of the first public network with access to wireless
broadband Internet access through Bluetooth and Wi-Fi technology.
About Redback Networks
Redback Networks Inc., a leading provider of next-generation
broadband networking systems, enables carriers and service providers
to build Smart Broadband Networks that are personalized, adaptive and
efficient. The Smart Broadband Network provides advanced IP based
subscriber services to consumers, businesses and wholesale customers.
The company's carrier-class, scalable SmartEdge product family
integrates carrier class edge routing, advanced subscriber management
and high density Ethernet aggregation functions. In conjunction with
the NetOp(TM) Element and Policy Manager platforms the SmartEdge
family provides a powerful and flexible infrastructure solution that
enables delivery of next-generation Broadband IP services.
Founded in 1996 and headquartered in San Jose, Calif., with sales
and technical support centers located worldwide, Redback Networks
maintains a growing and global customer base of more than 500 carriers
and service providers, including major local exchange carriers (LECs),
inter-exchange carriers (IXCs), PTTs, service providers and ISPs. 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.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995
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,
including statements regarding Redback Networks' expectations,
beliefs, intentions or strategies regarding the future and including,
without limitation, statements regarding Telefonica del Sur's use of
the SmartEdge products and the anticipated benefits to Telefonica del
Sur, including whether the SmartEdge family simplifies Telefonica del
Sur's network, decreases time to market for new services, reduces
capital and operations expenses, provides a smooth migration from ATM
to Ethernet transport, enables IPTV and fixed mobile convergence as
well as Redback Networks' expectations or on state of Chile's
broadband industry. All forward-looking statements included in this
document are based upon information available to Redback Networks as
of the date hereof, and Redback Networks assumes 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 Redback Network's 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, Form 10-Q,
Form 8-K, Redback's Registration Statement on Form S-3 (File No.
333-114352), and amendments thereto, and the other reports filed from
time to time with the SEC.