Redback Announces Another New Customer in China; Zhejiang Telecom Will Serve Up to Three Million Broadband Customers Using Redba
13 September 2006 - 2:00PM
Business Wire
Redback Networks Inc. (NASDAQ:RBAK), a leading provider of
next-generation broadband networking systems, today announced
another new customer in China. Zhejiang Telecom will use Redback's
SmartEdge(R) family of multi-service edge routers to deliver
broadband internet, IPTV and virtual private network (VPN) services
to business and residential users. Zhejiang Telecom is a major
subsidiary of China Telecom Corporation, the largest wire-line
carrier in China. There are more than 3 million broadband
subscribers in Zhejiang province and more than 30+ million
broadband users in China. "We want to thank Zhejiang Telecom for
selecting Redback," said Simon Williams, vice president of sales
and operations in Asia, Redback Networks. "China is Redback's
second largest market outside the U.S. and we are pleased that
Zhejiang Telecom leaders share Redback's vision of a single IP
network for broadband data, voice and video services. Over time, we
see a future where all communications services will be managed in
harmony under a broadband infrastructure." Over the last 12 months,
Redback has 22 carrier wins in China, focused on the independently
operated, provincial subsidiaries of China Telecom and China
Netcom, the two largest incumbent carriers in China. For China
Telecom, this includes provincial carriers in Guangdong, Zhejiang,
Fujian, Anhui, Hubei, Jiangxi, Yunnan, Shaanxi, Ningxia,
Heilongjiang and Tibet. For China Netcom, this includes similar
deployments in Shandong, Liaoning, Hebei, Heilongjiang, Jilin,
Henan, Shanxi, Inner Mongolia, Zhejiang, Chongqing and Yunnan.
Eleven of the top 20 DSL carriers worldwide deploy Redback's
SmartEdge(R) multi-service edge routers to deliver various
broadband services to tens of millions of business and residential
customers worldwide. These customers include British Telecom,
Belgacom, BellSouth, China Telecom, China Netcom, Chunghwa Telecom,
France Telecom and Turk Telecom, among others. About Redback
Networks Redback Networks Inc. manages 40 million broadband
connections for 15 of the top 20 carriers worldwide. Redback's
multi-service routing platform delivers next generation broadband
services such as VoIP, IPTV, On-Demand Video and on-line gaming.
Redback Networks has more than 500 carrier customers worldwide and
is based in San Jose, CA. In 2006, Redback marks its 10 year
anniversary, celebrating ten years of broadband innovation. For
more information, visit Redback Networks at www.redback.com.
REDBACK and SmartEdge are trademarks registered at the U.S. Patent
and Trademark Office and in other countries. NetOp is a trademark
of Redback Networks Inc. All other products or services mentioned
are the trademark, service marks, registered trademarks or
registered service marks of their respective owners. Note Regarding
Forward-Looking Statements 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. These statements include but are
not limited to statements regarding our expectations, beliefs,
intentions or strategies regarding the future and including,
without limitation, statements regarding China's expected
deployment of broadband services and IPTV services; the expectation
that Zhejiang Telecom will serve up to three million broadband
subscribers using Redback products; that carriers will support
fewer networks and migrate wireless and wire-line users to a single
broadband infrastructure; and the ability of Redback's products to
help Zhejiang Telecom and other carriers deliver such services. All
forward-looking statements included in this document are based upon
information available to us as of the date hereof, and we assume 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 risks and other risks relating to our business are
set forth in the documents filed by Redback Networks with the
Securities and Exchange Commission (SEC), specifically the most
recent report on Form 10-K for the fiscal year ended December 31,
2005, Form 10-Q for the quarter ended June 30, 2006, Forms 8-K, and
amendments thereto, and the other reports filed from time to time
with the SEC.
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