Monday December 13, 10:54 am Eastern Time
Company Press Release
SOURCE: Netro Corporation
Comsat Peru Passes Commercial Service Milestone With Netro Corporation And Lucent Technologies Wireless Solution
For Past Six Months, Broadband Wireless Access System Overcomes Bottleneck, Offering Advanced Services to Business Customers
SAN JOSE, Calif., Dec. 13 /PRNewswire/ -- Netro Corporation (Nasdaq: NTRO - news), a market leader in broadband wireless access systems, today announced that COMSAT Peru, a wholly-owned subsidiary of COMSAT International, has completed six months of commercial pilot operation of its AirStar(TM) broadband wireless equipment as part of a Lucent Technologies (NYSE: LU - news) OnDemand(TM) network.
COMSAT's broadband wireless access network in Peru, which operates in the 10GHz and 26GHz frequency bands, is one of the first of its type in Latin America. For half a year it has been successfully providing an array of on-demand voice, data, video and multimedia capabilities such as Internet access, computer networking and video conferencing services.
Under their OEM (original equipment manufacturer) agreement, Lucent has integrated Netro's AirStar system and is responsible for deploying and maintaining COMSAT Peru's wireless broadband access network.
''Following our successful deployment in Europe, we moved our focus to Latin America, which represents a large opportunity for Netro's TDMA packet-based solution,'' said Gideon Ben-Efraim, president and CEO of Netro Corporation. ''Moreover, we believe that the small and mid-sized business segment in Latin America is especially in need of high speed broadband access services. We are very pleased to cooperate with COMSAT in the Latin American market, working jointly with our partner Lucent.''
''COMSAT's new wireless point-to-multipoint service permits business customers to share a secure broadband network. Lucent and Netro allowed COMSAT to quickly deploy and relieve the broadband access bottleneck for our customers,'' said Luis Alejos, general manager of COMSAT Peru. ''This is now the primary entry for our customers to the GlobalWaysm regional and international network we recently announced. The Netro system and Lucent network expertise have played a major role in the execution of our strategy to provide corporate networking solutions. Using Netro's bandwidth-on-demand technology, we provide a more attractive solution, including local access, while bypassing traditional carrier systems and foregoing costly and time-consuming fiber cable installation.''
COMSAT Peru (COMSAT Peru, S.A.C.) is a wholly owned subsidiary of COMSAT International. COMSAT International, a business unit of COMSAT Corporation (NYSE: CQ - news), provides digital networking solutions with offices in Argentina, Brazil, China, Colombia, Guatemala, India, Mexico, Peru, Russia, Turkey and Venezuela. COMSAT Corporation, headquartered in Bethesda, Md., is a leading provider of global satellite services and digital networking services, products, and technology.
About Netro Corporation
Netro Corporation is a leading provider of intelligent broadband wireless access solutions for Internet and telecom service providers worldwide. Netro's broadband wireless access system, AirStar, derives its price performance benefit from its proprietary packet-based technology that maximizes spectrum usage through dynamic bandwidth allocation. AirStar is one of the first commercially available broadband wireless access systems, and is deployed in over 34 sites worldwide, carrying IP and voice traffic using a point-to-multipoint architecture.
For more information, contact Netro Corporation, 3860 North First Street, San Jose, CA 95134-1702 USA 408-216-1500, netro-corp.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements involving risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. Potential risks and uncertainties include, but are not limited to, Netro's historical and future losses, limited operating history, dependence on a single product, fluctuations in quarterly operating results and limited manufacturing experience. Further information regarding these and other risks is included in Netro's prospectus dated August 18, 1999 and in its other filings with the Securities and Exchange Commission.
SOURCE: Netro Corporation
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