Multi-million dollar deal signifies Telrad growing market share and commitment to APAC region and customers
TEL AVIV, ISRAEL – October 8, 2013 – Telrad Networks, a global provider of innovative 4G wireless and telecom solutions, today announced that Taiwan-based Vee TIME Corporation will deploy Telrad’s fully integrated WiMAX technology to provide flexible 4G wireless Internet, voice and data access to a growing subscriber base in northern Taiwan.
Under the terms of the new multi-million dollar deal, Telrad will supply equipment and services, to provide expanded coverage from 350 base station sites.
For the past five years, Vee TIME has been working diligently to implement deployments in order to leverage its operational licenses throughout Taiwan, having made significant investments to acquire both VMAX Telecom, in northern Taiwan, and Tatung Infocomm, in southern Taiwan. Vee TIME’s licenses include 30 MHz of spectrum in the 2.5-2.69 GHz band (2660-2690 MHz) and enable the company to deliver 4G coverage to more than 75% of Taiwan’s population. Although the current license allows WiMAX technology only, there is a chance that the regulator will follow global trends to allow the future use of LTE.
“As a valued technology partner, Telrad is helping us realize our vision of wireless convergence, delivering quad-play services, while strengthening our leadership position in the telecom market,” said Mr. Richard Lai, Chairman of Vee TIME. “Telrad equipment provides a simple upgrade solution for migration from WiMAX Advanced to TD-LTE. This key feature strongly supports our future growth plans, while protecting our current investment.”
The expansion of Vee TIME’s network will bring state-of-the-art mobile Internet offerings to thousands of business and residential consumers in Northern Taiwan. Supporting a wide variety of end-user devices including indoor desktop, USB dongle, personal hot-spot biscuit-style, and long-range outdoor units, the network brings reliable service to enterprises, homes and subscribers on the move.
“We are delighted to be selected by Vee TIME to expand 4G services within Taiwan,” said Ran Bukshpan, Chief Executive Officer of Telrad. “We offer a field-tested, future-proof product suite which is cost-effective and quick to deploy, while being uniquely positioned to help promote the adoption of 4G benefits and services in Taiwan and around the world. This milestone reaffirms Telrad’s expertise and quality product offering.”
Telrad’s comprehensive suite of solutions, operating in the sub-6 GHz bands, ensures the highest quality, wireless broadband connectivity. With maximum coverage and capacity provided by BreezeMAX™ and BreezeCOMPACT™ products, operators maintain more efficient networks that deliver an optimal user experience to fixed and mobile users. Telrad brings more than 25 years of wireless data systems innovation to the WiMAX and LTE-Advanced markets, serving operators seeking to evolve their networks for the future.
About Vee TIME Corporation
Since 1997, Vee TIME Corp. has been a leader in fiber network infrastructure and multimedia value-added services in Taiwan. Vee TIME became the first WiMAX operator with national network coverage, having obtained national WiMAX operating licenses. In 2011, Vee Time acquired both VMAX Telecom, with operations in northern Taiwan, and Tatung Infocomm, with operations in southern Taiwan. As a wireless broadband provider, the company provides mobile internet access, multimedia, TV, telephone and wireless services, as well as a variety of value added services and applications. Vee TIME was also the first Taiwan-based cable TV system operator to obtain ISO 9001 certification. (www.veetime.com)
About Telrad Networks
Telrad Networks is a global provider of innovative 4G wireless and telecommunications solutions, boasting over 280 4G deployments in 150 countries. With its acquisition of the BreezeMAX™ and BreezeCOMPACT™ product suite, Telrad stands at the forefront of the technology evolution of next-generation WiMAX and LTE solutions. Since 1951, the company has been a recognized pioneer in the telecom industry, facilitating the connectivity needs of millions of end-users through operators, ISPs and vertical markets. The company is backed by private equity fund Fortissimo Capital. Watch our new corporate video.
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