Redback Networks Inc. (NASDAQ:RBAK), a leading provider of
multi-service edge routers for next generation IP networks, today
announced that Opal Telecom, a subsidiary of The Carphone Warehouse
(CPW), has chosen the SmartEdge� family of multi-service edge
routers to help deliver the TalkTalk free broadband service for up
to two million customers in the United Kingdom (U.K.). TalkTalk is
a communications company from The Carphone Warehouse and provides a
combination of free broadband (up to 8 Mbps) and unlimited
fixed-line phone calls. In October 2006, The Carphone Warehouse
announced plans to acquire AOL UK�s broadband operations, and the
deal is expected to close in early 2007. The acquisition will make
The Carphone Warehouse the third largest broadband provider in the
U.K., with almost two million customers. �Offering triple-play
services is a compelling value for Internet users and has
transformed the broadband market,� said Magnus Almquist, vice
president of sales & operations for Redback in Europe, Middle
East and Africa. �It powerfully demonstrates that all
communications can be delivered over a single broadband
infrastructure and that over time carriers can use the power of
Internet technology to converge communications and entertainment
services. We are very pleased to be working with The Carphone
Warehouse on this opportunity.� Clive Dorsman, chief technical
officer of Opal Telecom, said: �Our strategy is to move quickly
when we see new market opportunities. Being able to offer free
broadband as part of a calling package provides The Carphone
Warehouse with an opportunity to attract new customers, provide
even better value to existing ones, whilst using the very
profitable integrated service with a flexible IP infrastructure
from Redback.� Redback�s SmartEdge multi-service edge routers give
network operators a graceful migration path to triple-play
services, advanced business services such as unified communications
and mobility services such as WiFi, WiMAX and mobile broadband
networks. Redback uses a single system to manage data, voice and
video services over next generation broadband networks. The
platform is attractive to carriers because Redback uses a modular
operating system and programmable processors that were specifically
designed to manage different kinds of broadband IP services
simultaneously. This flexible platform for multi-service networks
give carriers higher levels of service consolidation, system
availability, service scalability, and network mobility. Twelve of
the top 20 telephone carriers worldwide use SmartEdge routers for
broadband, phone and TV services. Top carriers using SmartEdge
include Belgacom, BellSouth, China Telecom, China Netcom, Chungwha
Telecom (Taiwan), eAccess (Japan) France Telecom, Korea Telecom and
Turk Telecom. About Redback Networks Redback Networks Inc. manages
50 million broadband connections for 15 of the top 20 DSL 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. About Carphone Warehouse The Carphone Warehouse
was set up in 1989 by Charles Dunstone. Today it is Europe's
leading mobile communications retailer, generating annual turnover
of 2,355m pounds (y/e March 05), offering customers impartial and
expert advice, the widest choice of the latest product and
unbeatable service. The company operates across 10 markets and
employs over 12,000 people working across the stores, the support
centres, the call centres, the online teams and the direct sales
teams (telesales). About TalkTalk TalkTalk is the communications
company from The Carphone Warehouse. Since its UK launch in
February 2003, TalkTalk has become the number one alternative to
BT, with over 2.6 million customers and continued strong growth. In
April 2006, TalkTalk launched the UK's first ever FREE broadband
service, offering high speed broadband of up to 8Mb, plus unlimited
free calls to 28 mainland countries for just 8.99 pounds per month
(plus line rental of 11 pounds). As of 30 September, 625,000
applications have been made, of which 421,000 have been signed up.
The broadband 'go-live' rate has halved from 10 weeks (June 2006)
to five (September 2006). On 11 October 2006, The Carphone
Warehouse announced the acquisition of AOL's Internet access
business in the UK, immediately becoming the third largest
broadband provider in the UK. TalkTalk is proud to support
TreeHouse, the national charity for autism education. Together
TreeHouse and TalkTalk are working to transform the lives of all
children with autism, raising funds and driving awareness of autism
through a variety of fresh, interactive initiatives. TreeHouse is a
registered charity, number 1063184. In September 2006, TalkTalk
launched a new directory enquiry service, 118111 from which 1p per
call is donated to TreeHouse. 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 �
Redback Networks, Inc. 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 the ability of Redback�s
products to help carriers deliver communications services over a
single broadband infrastructure and the expected deployment of
broadband upgrades in the U.K.. 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, including without limitation the
risks and uncertainties relating to our business as 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 September 30, 2006, Forms 8-K, and amendments
thereto, and the other reports filed from time to time with the
SEC. Redback Networks Inc. (NASDAQ:RBAK), a leading provider of
multi-service edge routers for next generation IP networks, today
announced that Opal Telecom, a subsidiary of The Carphone Warehouse
(CPW), has chosen the SmartEdge(R) family of multi-service edge
routers to help deliver the TalkTalk free broadband service for up
to two million customers in the United Kingdom (U.K.). TalkTalk is
a communications company from The Carphone Warehouse and provides a
combination of free broadband (up to 8 Mbps) and unlimited
fixed-line phone calls. In October 2006, The Carphone Warehouse
announced plans to acquire AOL UK's broadband operations, and the
deal is expected to close in early 2007. The acquisition will make
The Carphone Warehouse the third largest broadband provider in the
U.K., with almost two million customers. "Offering triple-play
services is a compelling value for Internet users and has
transformed the broadband market," said Magnus Almquist, vice
president of sales & operations for Redback in Europe, Middle
East and Africa. "It powerfully demonstrates that all
communications can be delivered over a single broadband
infrastructure and that over time carriers can use the power of
Internet technology to converge communications and entertainment
services. We are very pleased to be working with The Carphone
Warehouse on this opportunity." Clive Dorsman, chief technical
officer of Opal Telecom, said: "Our strategy is to move quickly
when we see new market opportunities. Being able to offer free
broadband as part of a calling package provides The Carphone
Warehouse with an opportunity to attract new customers, provide
even better value to existing ones, whilst using the very
profitable integrated service with a flexible IP infrastructure
from Redback." Redback's SmartEdge multi-service edge routers give
network operators a graceful migration path to triple-play
services, advanced business services such as unified communications
and mobility services such as WiFi, WiMAX and mobile broadband
networks. Redback uses a single system to manage data, voice and
video services over next generation broadband networks. The
platform is attractive to carriers because Redback uses a modular
operating system and programmable processors that were specifically
designed to manage different kinds of broadband IP services
simultaneously. This flexible platform for multi-service networks
give carriers higher levels of service consolidation, system
availability, service scalability, and network mobility. Twelve of
the top 20 telephone carriers worldwide use SmartEdge routers for
broadband, phone and TV services. Top carriers using SmartEdge
include Belgacom, BellSouth, China Telecom, China Netcom, Chungwha
Telecom (Taiwan), eAccess (Japan) France Telecom, Korea Telecom and
Turk Telecom. About Redback Networks Redback Networks Inc. manages
50 million broadband connections for 15 of the top 20 DSL 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. About Carphone Warehouse The Carphone Warehouse
was set up in 1989 by Charles Dunstone. Today it is Europe's
leading mobile communications retailer, generating annual turnover
of 2,355m pounds (y/e March 05), offering customers impartial and
expert advice, the widest choice of the latest product and
unbeatable service. The company operates across 10 markets and
employs over 12,000 people working across the stores, the support
centres, the call centres, the online teams and the direct sales
teams (telesales). About TalkTalk TalkTalk is the communications
company from The Carphone Warehouse. Since its UK launch in
February 2003, TalkTalk has become the number one alternative to
BT, with over 2.6 million customers and continued strong growth. In
April 2006, TalkTalk launched the UK's first ever FREE broadband
service, offering high speed broadband of up to 8Mb, plus unlimited
free calls to 28 mainland countries for just 8.99 pounds per month
(plus line rental of 11 pounds). As of 30 September, 625,000
applications have been made, of which 421,000 have been signed up.
The broadband 'go-live' rate has halved from 10 weeks (June 2006)
to five (September 2006). On 11 October 2006, The Carphone
Warehouse announced the acquisition of AOL's Internet access
business in the UK, immediately becoming the third largest
broadband provider in the UK. TalkTalk is proud to support
TreeHouse, the national charity for autism education. Together
TreeHouse and TalkTalk are working to transform the lives of all
children with autism, raising funds and driving awareness of autism
through a variety of fresh, interactive initiatives. TreeHouse is a
registered charity, number 1063184. In September 2006, TalkTalk
launched a new directory enquiry service, 118111 from which 1p per
call is donated to TreeHouse. 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 --
Redback Networks, Inc. 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 the ability of Redback's
products to help carriers deliver communications services over a
single broadband infrastructure and the expected deployment of
broadband upgrades in the U.K.. 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, including without limitation the
risks and uncertainties relating to our business as 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 September 30, 2006, Forms 8-K, and amendments
thereto, and the other reports filed from time to time with the
SEC.
Redback (NASDAQ:RBAK)
Historical Stock Chart
From Aug 2024 to Sep 2024
Redback (NASDAQ:RBAK)
Historical Stock Chart
From Sep 2023 to Sep 2024