Alvarion deal in Latin America climbs to $40 million

YEHEZKEL LAING
Jerusalem Post
11-07-2003
Headline: Alvarion deal in Latin America climbs to $40 million
Byline: YEHEZKEL LAING
Edition; Daily
Section: Economics
Page: 14

Friday, November 7, 2003 -- An unnamed Latin American telecom operator has enlarged its order for Alvarion's high-speed data and voice solutions to $40 million, Alvarion said Thursday.

In September, Alvarion reported that the Latin American company had placed a $23m. order for its wireless voice and DSL solution to expand its access network.

The move comes as part of a massive initiative to bring fast-Internet access and carrier-class telephony to underserved rural and suburban areas in the region.

Now Alvarion says the company has increased its order for its eMGW solutions by $17m. to a total of $40m. The equipment is due to be shipped during the next few quarters.

Alvarion also published its third-quarter results Thursday.

Revenues for the quarter rose 59 percent to a record $34.3m. from $21.6m. a year earlier Net loss for the quarter more than halved to $2.1m., from $4.8m.

The company expects fourth quarter revenues to range between $36m. and $40m.

This range reflects the assumption that sequential growth will continue to be broadly based across products and regions and that a significant part of the revenue from the Latin American carrier order will occur during 2004.

Tel Aviv-based Alvarion was formed by the merger of BreezeCOM and Floware.

The company makes solutions based on point-to- multipoint broadband wireless access.

Its systems provide Internet access and voice and data services in last mile, cellular network feeding, building- to-building, and wireless local area network connectivity.

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