Netro Corporation Signs Agreement to Expand the Broadband Wireless Access Network of Techtel, Argentina
Major Competitive Service Provider in Argentina, Techtel, Will Build-Out a Nationwide Broadband Wireless Network Based on Netro's AirStar(TM) Solution
SAN JOSE, Calif., Jan. 19 /PRNewswire/ -- Netro Corporation (Nasdaq: NTRO), a market leader in broadband wireless access systems, today announced that it has signed an agreement with Techtel Argentina, a subsidiary of Techint Group, one of Argentina's largest industrial holding companies to expand its current AirStar Broadband Wireless Access network. The agreement follows successful completion of 8 months commercial operation involving several base stations in Buenos Aires and 5 other cities in Argentina delivering service to multiple independent subscribers. The AirStar point-to-multipoint technology, also known as local multipoint distribution systems (LMDS), allows carriers to offer wireless Internet and voice services to business customers.
"Latin America is an important and fast-growing region. Techtel's unique cost effective, broadband data access solution will help to fuel the growth of the Argentine economy," said Gideon Ben-Efraim, president and chief executive officer of Netro Corporation. "Netro's wireless broadband solution is a key element in building the Internet infrastructure necessary to secure the future success of Techtel and its customers."
Techtel will use the AirStar broadband wireless equipment to provide high speed Internet access and private line services to small and mid-sized business customers in Buenos Aires and other metropolitan centers that it plans to cover as a part of a nationwide network deployment. Techtel's broadband wireless access network in Argentina operates in the 10 GHz frequency band.
"The AirStar wireless broadband access solution from Netro is an attractive option for Techtel and our business customers, because it ties the cost of capacity directly to demand," said Gustavo Munoz, General Manager of Techtel. "We can offer our business customers advanced voice and on-demand data service bundles with higher quality and reliability than anything currently available in the market today. We have aggressive implementation targets, and our partnership with Netro has allowed us to move quickly into this important growth market."
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 with over 30 customers 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, <http://www.netro-corp.com>.
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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. |
