SR Telecom Receives Waivers in Respect to 8.15% Debentures and CTR Debt

SR Telecom Receives Waivers in Respect to 8.15% Debentures and
CTR Debt 


MONTREAL, April 25  /PRNewswire-FirstCall/ -- SR Telecom(TM) Inc. (TSX: SRX;
Nasdaq: SRXA) announced today that it has received a waiver from the required
majority of its Debenture holders extending the maturity date of the
Corporation's 8.15% Debentures, due April 22, 2005, to June 30, 2005, unless
otherwise agreed to by the required majority of the Debenture holders. SR
Telecom has also received a waiver from the lenders to its service provider
subsidiary in Chile, Comunicacion y Telefonia Rural S.A. (CTR). CTR's lenders,
Export Development Canada and the Inter-American Development Bank, have waived
compliance with certain financial and operational covenants contained in CTR's
loan documents to May 1, 2005.

The waivers have been granted pending final agreements from the restricted
group of Debenture holders and CTR's lenders with respect to the Corporation's
proposed recapitalization initiative, which was announced on April 18, 2005.

About SR Telecom

SR TELECOM (TSX: SRX, Nasdaq: SRXA) designs, manufactures and deploys
versatile, Broadband Fixed Wireless Access solutions. For over two decades,
carriers have used SR Telecom's products to provide field-proven data and
carrier-class voice services to end-users in both urban and remote areas around
the globe. SR Telecom's products have helped to connect millions of people
throughout the world.

A pioneer in the industry, SR Telecom works closely with carriers to ensure
that its broadband wireless access solutions directly respond to evolving
customer needs. Its turnkey solutions include equipment, network planning,
project management, installation and maintenance.

SR Telecom is a principal member of WiMAX Forum, a cooperative industry
initiative which promotes the deployment of broadband wireless access networks
by using a global standard and certifying interoperability of products and
technologies.

FORWARD-LOOKING STATEMENTS

Except for historical information provided herein, this press release may
contain information and statements of a forward-looking nature concerning the
future performance, financial condition and financing plans of the Corporation.
These statements are based on suppositions and uncertainties as well as on
management's best possible evaluation of future events. Such factors may
include, without excluding other considerations, fluctuations in quarterly
results, evolution in customer demand for the Corporation's products and
services, the impact of price pressures exerted by competitors, and general
market trends or economic changes. As a result, readers are advised that all of
the forward-looking statements in this news release are qualified by these
cautionary statements and actual results or developments may differ from
expected results or developments and that such differences may be significant.
The Corporation expressly disclaims any obligation to update any
forward-looking information.

SR TELECOM is a trademark of SR Telecom Inc. All rights reserved 2005. All
other trademarks are property of their owners. 

DATASOURCE: SR TELECOM INC.



CONTACT: David Adams, (Senior Vice-President, Finance

and CFO), [phone]; Scott Lawrence, (Maison Brison); [phone],

; http://www.srtelecom.com/

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