>>>Second release of locked up of RBAK stock tomorrow. No SEC filings to sell currently.
Thanks Harry.......and as usual they followed bad news with good news today!
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Bell Canada Selects the Redback Subscriber Management System to Drive Wholesale DSL Service; Redback Flexibility
Provides Foundation for Cost-effective Wholesale Model
SUNNYVALE, Calif., Aug 30, 1999 (BUSINESS WIRE) -- Redback Networks, Inc., (Nasdaq: RBAK) announced today that Bell Canada (Nasdaq: BCICF) has
deployed the Redback Subscriber Management Systema (SMS) 1000 to complement its existing Nortel Networks 1 Meg Modem-based Digital Subscriber Line
(DSL) service, one of the largest deployments in the world. Bell Canada is using the Redback SMS 1000 to provision and manage broadband customers at the
carrier's Central Office (CO) locations.
Specifically, Bell Canada is using the Redback SMS 1000 to anchor its aggressive wholesale DSL offering, allowing independent Internet service providers (ISPs)
to purchase wholesale DSL circuits for resale to consumer and business customers.
"We selected the Redback SMS 1000 because we needed to rapidly implement a cost-effective, scalable wholesale business model," said Glenn Ward, vice president
of broadband development at Bell Canada. "Adding the Redback SMS 1000 to our network provides us with the critical component that enables us to offer the
combination of scalability, performance and value our ISP customers require. With the Redback solution in place, we can lower our cost structure and provide
immediate wholesale access to new service-provider partners."
Utilizing the SMS 1000, Bell Canada can now offer wholesale DSL services to a large number of independent ISPs quickly and efficiently. Equally important, Bell
Canada and its service-provider partners can use the same operational model for DSL subscribers as they currently have in place for dial-up access technologies.
"Without modifying its operational systems,
Bell Canada can capitalize on the lucrative opportunities emerging in the broadband marketplace by rapidly rolling out new services," said Larry Blair, vice
president of marketing at Redback. "In addition, the Redback solution allows Bell Canada to offer cost-effective, wholesale DSL services to other Internet or content
service providers."
Redback's SMS 1000 is a high-density, highly intelligent networking device deployed at a network access point or a data center to aggregate a high concentration of
broadband data traffic. It applies scalable user configuration and management, grooms the traffic to offload backbone routers, and enables the cost-effective delivery of
wholesale services.
About Redback Networks, Inc.
Founded in 1996 and headquartered in Sunnyvale, Calif., Redback Networks, Inc., is a leading provider of advanced networking solutions that enable carriers, cable
multiple system operators (MSOs), and service providers to rapidly deploy high-speed broadband access to the Internet and corporate networks.
The Company's Subscriber Management System (SMS) connects and manages large numbers of subscribers using any of the major high-speed access technologies
such as Digital Subscriber Line (DSL), cable and wireless. The SMS 1000, the first product in the SMS family, received Best of Show honors for WAN and
remote access equipment at Network + Interop, Las Vegas, in May 1998.
Customers wanting more information about Redback products can visit its World Wide Web site at redback.com, or contact the company at
408/548-3500.
About Bell Canada
Bell Canada provides a full range of communications services to customers, including wireline and wireless local and long distance telephone services, Internet
access, high-speed data services, and directories. Bell Canada, its telecom partners, and its subsidiaries provide services through 13.6 million access lines,
including 11 million in Ontario and Quebec. Bell Canada, the largest Canadian telecommunications operating company, also serves more than
2.1 wireless customers through Bell Mobility. Bell Canada is 80 percent owned by BCE Inc. of Montreal and two percent owned by Ameritech Corporation of
Chicago, Illinois. The company's news releases are located in the Newsroom on the corporate Web site at bell.ca.
Note to Editors: Redback and the Subscriber Management System are trademarks of Redback Networks Inc. Other trademarks, service marks, and trade names
belong to 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. Forward-looking statements include statements regarding future sales. 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 and other risks relating to Redback Networks' business are set forth in Redback Networks' Form S-1, as amended
and filed with the Securities and Exchange Commission on May 17, 1999, and the other reports filed from time to time with the Securities and Exchange
Commission.
Copyright (C) 1999 Business Wire. All rights reserved.
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CONTACT: Redback Networks, Sunnyvale
Larry Blair, 408/548-3500
lblair@redback.com
or
Gallagher PR
Lucy Scott, 510/749-6800 Ext. 222
lucy@gpr.com |
