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Technology Stocks : Alvarion Ltd (ALVR)
ALVR 4.730-3.3%Oct 21 3:59 PM EDT

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To: bigbuk who wrote (2)12/2/2003 10:14:46 AM
From: VIXandMore  Read Replies (1) of 11
 
Sweden's Teracom Chooses Siemens/Alvarion WALKair 3000 for Nationwide LMDS Project

TEL-AVIV, Israel--(BUSINESS WIRE)--Dec. 2, 2003--Alvarion Ltd. (NASDAQ: ALVR - News), a leading provider of wireless broadband solutions, today announced that Teracom AB, Sweden's government-owned TV and radio broadcaster, has selected the Siemens/Alvarion WALKair(TM) 3000 broadband wireless solution for a massive nationwide LMDS network.
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In December 2001, Teracom was one of four companies awarded national LMDS licenses by the Swedish authorities. After investigating the solutions proposed by 13 vendors, Teracom chose Alvarion's WALKair(TM) 3000 solution proposed by Siemens Scandinavia, and will now embark on a five-year project to build out a nationwide broadband wireless network. During the first stage, its wireless networks will be deployed in Sweden's largest cities to support high-speed IP data services targeting small and medium-sized enterprises (SME). Later, the network will be extended to remote areas to support broadband backbone and cellular backhauling services. Teracom forecasts an investment of up to 20 million euro over a five-year period.

"Despite its massive scope, this is an extremely cost-effective project," said Pierre Karlsson, Vice President of Teracom. "Since WALKair(TM) base stations can be located on our mast sites and the towers we share with cellular operators, we will be able to minimize our installation costs and to begin generating revenues quickly. We are confident that WALKair(TM) will give us the robust, reliable performance it has delivered in so many installations over the past decade, and that the experienced Siemens Scandinavia team will carry out a smooth deployment."

"We are proud that Teracom has chosen us for this ambitious project," said Soren Sward, CEO of Siemens in Sweden. "Alvarion's field-proven technology, which so many operators are now using to fill broadband coverage 'gaps,' was a critical factor that helped us clinch the deal. We are excited to kick off the project and look forward to continued cooperation with Alvarion."

Tzvika Friedman, President and COO of Alvarion, added, "We are gratified that Teracom has selected our technology as the best in its class, and pledge our full support to Siemens as it sets out on this long-term project."
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