Tewksbury, Mass. (BUSINESS WIRE) - Starent Networks, Corp. (Nasdaq: STAR), a leading provider of infrastructure solutions that enable mobile operators to deliver multimedia services, today announced First International Telecom (Fitel), a telecom operator in Taiwan, has deployed Starent Networks' solutions to enable high-bandwidth, multimedia services through its mobile WiMAX network.
Fitel provides mobile communications services through its network to more than one million subscribers. In 2007, Fitel acquired spectrum for a WiMAX network in Northern Taiwan, which allows it to expand mobile services and introduce high-bandwidth connectivity. The company is deploying Starent Networks' ST16 multimedia core platform, for Access Service Network (ASN) Gateway and Home Agent functionality, in its WiMAX network. Additionally, Fitel is using the ST16 for lawful intercept as well as its In-line Services capability to deploy peer-to-peer protocol detection.
"There is growing demand for rich multimedia services throughout Taiwan," said Charlie Wu, Chairman of Fitel. "To this end, we are partnering with the world's leading WiMAX network solution providers to deliver high speed data applications with the quality our customers expect.""The global WiMAX ecosystem is expanding, and the expectation is for intelligent solutions that will enhance the delivery of wireless broadband services to consumers and enterprises alike," said Ashraf Dahod, CEO of Starent Networks. "Taiwan is taking a leadership position in the roll out of WiMAX technology, and we are pleased to partner with Fitel in launching broadband wireless services in this region."
The Fitel deployment is part of the M-Taiwan project. The M-Taiwan project is a government initiative to accelerate WiMAX ecosystem development and create a city-wide broadband network to support wireless broadband services. Fitel plans to complete initial deployment and start testing the WiMAX network in downtown Taipei by the first half of 2008.
About First International Telecom
First International Telecom (Fitel) is supported by a strong and influential lineup of shareholders, consisting of Public Financial Holdings Limited, Shin Kong Group, Secom Security, UTStarcom, United Microelectronics Corporation, Wistron NeWeb Corporation, Inventec Appliances Corporation, and Loyal Group who together have established a specialized organization with a solid management team. Fitel is currently focused on providing low rate, ultra low electromagnetic waves, and high-speed wireless network services through the PHS system.
Other than the main structure services, Fitel offers a comprehensive lineup of value-added services such as roaming in Japan, mobile VPN, mobile office and more. In the future, Fitel will actively participate in the WiMAX project to provide its customers more and better services.
About Starent Networks
Starent Networks, Corp. is a leading provider of infrastructure solutions that enable mobile operators to deliver multimedia services to their subscribers. Starent Networks has created solutions that provide mobile operators with the functions and services needed for access, mobility management and call control in their networks. Through integrated intelligence and high performance capabilities, Starent Networks' solutions also enhance subscriber management, billing and session policy enforcement. The company's products are capable of supporting a wide range of mobile wireless networks, such as UMTS, CDMA2000, WiFi, and WiMAX. Starent Networks' products have been deployed by over 65 mobile operators in 25 countries.
Additional information about Starent Networks is available at www.starentnetworks.com.
Starent Networks' Safe Harbor Statement
Any statements in this press release about future expectations, plans and prospects for Starent Networks, including statements about expectations related to the company's multimedia solutions constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. These statements contain the words "believes," "anticipates," "plans," "expects," "will" and similar expressions. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including the inability to predict the future success or market acceptance of Starent Networks' multimedia core platform solutions, the highly competitive and rapidly evolving market in which Starent Networks' competes, Starent Networks' limited operating history, the fluctuation of its past operating results, its reliance on a limited number of customers for a significant portion of its revenues and its reliance on a single line of products and other factors discussed in the "Risk Factors" section of Starent Networks' Annual Report on Form 10-Q filed with the Securities and Exchange Commission. In addition, the forward-looking statements included in this press release represent Starent Networks' views as of the date of this press release. Starent Networks anticipates that subsequent events and developments will cause its views to change.
However, while Starent Networks may elect to update these forward-looking statements at some point in the future, it specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Starent Networks' views as of any date subsequent to the date of this press release.
Starent and ST16 are trademarks of Starent Networks, Corp.
Starent Networks, Corp.
Andy Capener, 978-851-1177 acapener@starentnetworks.com
or
Bock Communications, Inc.
Amy Farrell, 617-412-5175 starent@bockpr.com
Fitel provides mobile communications services through its network to more than one million subscribers. In 2007, Fitel acquired spectrum for a WiMAX network in Northern Taiwan, which allows it to expand mobile services and introduce high-bandwidth connectivity. The company is deploying Starent Networks' ST16 multimedia core platform, for Access Service Network (ASN) Gateway and Home Agent functionality, in its WiMAX network. Additionally, Fitel is using the ST16 for lawful intercept as well as its In-line Services capability to deploy peer-to-peer protocol detection.
"There is growing demand for rich multimedia services throughout Taiwan," said Charlie Wu, Chairman of Fitel. "To this end, we are partnering with the world's leading WiMAX network solution providers to deliver high speed data applications with the quality our customers expect.""The global WiMAX ecosystem is expanding, and the expectation is for intelligent solutions that will enhance the delivery of wireless broadband services to consumers and enterprises alike," said Ashraf Dahod, CEO of Starent Networks. "Taiwan is taking a leadership position in the roll out of WiMAX technology, and we are pleased to partner with Fitel in launching broadband wireless services in this region."
The Fitel deployment is part of the M-Taiwan project. The M-Taiwan project is a government initiative to accelerate WiMAX ecosystem development and create a city-wide broadband network to support wireless broadband services. Fitel plans to complete initial deployment and start testing the WiMAX network in downtown Taipei by the first half of 2008.
About First International Telecom
First International Telecom (Fitel) is supported by a strong and influential lineup of shareholders, consisting of Public Financial Holdings Limited, Shin Kong Group, Secom Security, UTStarcom, United Microelectronics Corporation, Wistron NeWeb Corporation, Inventec Appliances Corporation, and Loyal Group who together have established a specialized organization with a solid management team. Fitel is currently focused on providing low rate, ultra low electromagnetic waves, and high-speed wireless network services through the PHS system.
Other than the main structure services, Fitel offers a comprehensive lineup of value-added services such as roaming in Japan, mobile VPN, mobile office and more. In the future, Fitel will actively participate in the WiMAX project to provide its customers more and better services.
About Starent Networks
Starent Networks, Corp. is a leading provider of infrastructure solutions that enable mobile operators to deliver multimedia services to their subscribers. Starent Networks has created solutions that provide mobile operators with the functions and services needed for access, mobility management and call control in their networks. Through integrated intelligence and high performance capabilities, Starent Networks' solutions also enhance subscriber management, billing and session policy enforcement. The company's products are capable of supporting a wide range of mobile wireless networks, such as UMTS, CDMA2000, WiFi, and WiMAX. Starent Networks' products have been deployed by over 65 mobile operators in 25 countries.
Additional information about Starent Networks is available at www.starentnetworks.com.
Starent Networks' Safe Harbor Statement
Any statements in this press release about future expectations, plans and prospects for Starent Networks, including statements about expectations related to the company's multimedia solutions constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. These statements contain the words "believes," "anticipates," "plans," "expects," "will" and similar expressions. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including the inability to predict the future success or market acceptance of Starent Networks' multimedia core platform solutions, the highly competitive and rapidly evolving market in which Starent Networks' competes, Starent Networks' limited operating history, the fluctuation of its past operating results, its reliance on a limited number of customers for a significant portion of its revenues and its reliance on a single line of products and other factors discussed in the "Risk Factors" section of Starent Networks' Annual Report on Form 10-Q filed with the Securities and Exchange Commission. In addition, the forward-looking statements included in this press release represent Starent Networks' views as of the date of this press release. Starent Networks anticipates that subsequent events and developments will cause its views to change.
However, while Starent Networks may elect to update these forward-looking statements at some point in the future, it specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Starent Networks' views as of any date subsequent to the date of this press release.
Starent and ST16 are trademarks of Starent Networks, Corp.
Starent Networks, Corp.
Andy Capener, 978-851-1177 acapener@starentnetworks.com
or
Bock Communications, Inc.
Amy Farrell, 617-412-5175 starent@bockpr.com
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