This article contains promotional content .(July 2022) |
Company type | Private Company [1] |
---|---|
Industry | Telecommunications equipment |
Founded | January 30, 1998 |
Headquarters | Boca Raton, Florida |
Key people | Glenn Laxdal, CEO & President David Brant, CFO |
Number of employees | 800 (Dec 31, 2020) |
Website | www |
Airspan Networks is an American telecommunications company, headquartered in Boca Raton, Florida. The company develops Radio Access Network technology including the Sprint 'Magic Box' and cells (both small and macro) for the Rakuten virtualized network. [2]
Airspan was originally a product division of DSC Communications, a manufacturer of telephone switching equipment. Original products included a CDMA-based radio platform used for the fixed wireless market. In 1998, the company separated from DSC Communications and announced Eric Stonestrom as CEO and President.
Airspan originally focused its product line on the small cell and mini-macro equipment market, used by mobile operators to extend wireless services. Through the acquisition of Mimosa Networks in 2018, [3] the company entered the market for fixed wireless solutions[ buzzword ] which are used in commercial, enterprise and operator networks for wireless backhaul and access applications.
Airspan's 5G NR development program is focused on mmWave, Sub 6GHz, Massive MIMO, and Open Virtual RAN architectures. The company also offers fixed wireless access and backhaul solutions[ buzzword ] for PTP (point-to-point) and PTMP (point-to-multi-point) applications through its Mimosa Products.
In March, 2019, Airspan announced a partnership with Google in support of CBRS services. [4]
In August 2021, Airspan completed a business combination with New Beginnings Acquisition Corp. [5] The newly-renamed "Airspan Networks Holdings Inc. then began trading on the NYSE American under the ticker symbol MIMO.
The company was founded in January 1998.
In May 1998, Eric D. Stonestrom was named president and chief executive officer of the company.
Its first product, AS4020 platform, was based on CDMA radio technology adapted for fixed wireless access points.
In July 2000, as the dot-com bubble was bursting, the company became a public company and raised $82.5 million in an initial public offering. Its stock price rose 113% in its first day of trading. [6]
In 2004, the company made an agreement with Neda Telecommunications, a subsidiary of Aspen Wind Corporation, to send radios to Kabul, Afghanistan. [7]
In the fourth quarter of 2005, the company released its WiMAX product line. [8]
In September 2006, Oak Investment Partners made a $29 million investment in the company. [9]
In 2010, the company teamed with LightSquared to market LightSquared's 1.4 GHz wireless spectrum in the United States. The spectrum is targeted primarily at the utility industry for Smart Grid deployments. [10]
In 2009, the company's stock was delisted from the NASDAQ. [11]
In March 2021, the company announced that it would be re-listed on NYSE American through a reverse merger with New Beginnings Acquisition Corporation, a special-purpose acquisition company. [12]
In August 2021, the company completed the reverse merger with New Beginnings Acquisition Corporation. The parent company was hence renamed "Airspan Networks Holdings Inc." and began trading on the NYSE American under the ticker symbol MIMO. [13]
In May 2023, Glenn Laxdal was announced as the new CEO. [14]
In 2023 Airspan sold Mimosa to Indian communication giant JIO for $60 million through JIO wholly owned subsidiary Radisys Corporation. [15]
In March 2024, the company announced that it would become private after receiving up to $95 million in new equity financing. The company's stock was soon delisted from the NYSE, and the company filed for a voluntary prepackaged Chapter 11 bankruptcy filing in order to implement the deal. [16]
Airspan's industry recognition and awards date back to 2007 when the company won the 'Best of WiMAX World USA Award'. [17]
Airspan & Jio won the SCF 2020 Award for Excellence in Commercial Deployment (Urban). [18]
Sprint and Airspan won the SCF 2019 Small Cell Award for Excellence in Commercial Deployment.
Sprint & Airspan Netlworks – Sprint LTE Magic Box won the SCF Award 2018 Excellence in Commercial Deployment (Residential).
Airspan and Sprint were selected as the winners for the “Best Mobile Technology Breakthrough” at GLOMO 2018 Awards.
Airspan and Qualcomm won the SCF 2021 Small Cell Award for Excellence in Commercial Deployment for 5G OpenRANGE mmWave outdoor small deployment.
Wireless broadband is a telecommunications technology that provides high-speed wireless Internet access or computer networking access over a wide area. The term encompasses both fixed and mobile broadband.
Worldwide Interoperability for Microwave Access (WiMAX) is a family of wireless broadband communication standards based on the IEEE 802.16 set of standards, which provide physical layer (PHY) and media access control (MAC) options.
4G is the fourth generation of cellular network technology, succeeding 3G and designed to support all-IP communications and broadband services, enabling a variety of data-intensive applications. A 4G system must meet the performance requirements defined by the International Telecommunication Union (ITU) in IMT Advanced. 4G supports a range of applications, including enhanced mobile internet access, high-definition streaming, IP telephony, video conferencing, and the expansion of Internet of Things (IoT) applications.
United States Cellular Corporation is an American mobile network operator. Its stock is publicly traded, but Telephone and Data Systems Inc. owns a controlling stake. The company was formed in 1983 and is headquartered in Chicago, Illinois. UScellular is the fifth largest wireless carrier in the United States, with 4.5 million subscribers in 21 states as of October 31, 2024.
Sprint Corporation was an American telecommunications company. Before being acquired by T-Mobile US on April 1, 2020, it was the fourth-largest mobile network operator in the United States, serving 54.3 million customers as of June 30, 2019. The company also offered wireless voice, messaging, and broadband services through its various subsidiaries under the Boost Mobile and Open Mobile brands and wholesale access to its wireless networks to mobile virtual network operators.
Clearwire Corporation was a telecommunications operator which provided mobile and fixed wireless broadband communications services to retail and wholesale customers in the United States, Belgium, Ireland and Spain. Clearwire traces its roots to 1998, when Sierra Technologies, Inc., spun off certain assets to form a new company, Clearwire Technologies Inc. In October 2003, Craig McCaw purchased Clearwire Technologies, Inc. parent company Clearwire Holdings and moved the company headquarters to Kirkland, Washington. In 2012, Clearwire moved the company headquarters to Bellevue, Washington.
Sierra Wireless is a Canadian multinational wireless communications equipment designer, manufacturer and services provider headquartered in Richmond, British Columbia, Canada. It also maintains offices and operations in the United States, Korea, Japan, Taiwan, India, France, Australia and New Zealand.
Alvarion Technologies Ltd. is a global provider of autonomous Wi-Fi networks designed with self-organizing capabilities for carrier-grade Wi-Fi, enterprise connectivity, smart city planning, smart hospitality, connected campuses, and connected events.
Skyriver was a business broadband Internet provider headquartered in San Diego, California. It was acquired by One Ring Networks in July, 2018. Skyriver delivered broadband Internet connectivity for enterprise and small-medium businesses, utilizing its proprietary millimeter wave technology. Skyriver offered commercial grade services including dedicated Internet access, Virtual Private Network (VPN), redundancy, and temporary Internet/event bandwidth in California.
Boingo Wireless, Inc. is an American company that designs, builds and manages wireless networks. Its public and private networks include distributed antenna systems (DAS), small cells, macro towers and more than one million Wi-Fi hotspots around the world. The company operates networks for airports, transit stations, stadiums, military bases, hospitals and commercial properties. In December 2022, the company announced it was moving its headquarters to Frisco, Texas, and would maintain regional offices in Los Angeles, New York, Chicago and Las Vegas. The company was listed on the Nasdaq until it was acquired by investment firm Digital Colony Management LLC in 2021.
LTE Advanced is a mobile communication standard and a major enhancement of the Long Term Evolution (LTE) standard. It was formally submitted as a candidate 4G to ITU-T in late 2009 as meeting the requirements of the IMT-Advanced standard, and was standardized by the 3rd Generation Partnership Project (3GPP) in March 2011 as 3GPP Release 10.
T-Mobile US, Inc. is an American wireless network operator headquartered in Bellevue, Washington. Its largest shareholder is Deutsche Telekom, a company that operates telecommunications networks in several other countries. T-Mobile is the second largest wireless carrier in the United States, with 127.5 million subscribers as of September 30, 2024.
International Mobile Telecommunications-Advanced are the requirements issued by the ITU Radiocommunication Sector (ITU-R) of the International Telecommunication Union (ITU) in 2008 for what is marketed as 4G mobile phone and Internet access service.
Towerstream Corporation is a Fixed Wireless Fiber Alternative company delivering high-speed Internet access to businesses. The company offers broadband services in 12 urban markets including New York City, Boston, Los Angeles, Chicago, Philadelphia, the San Francisco Bay area, Miami, Seattle, Dallas-Fort Worth, Houston, Las Vegas-Reno, and the greater Providence area, where the company is headquartered. In 2014, Towerstream launched its On-Net fixed-wireless service offering On-Net building tenants access to dedicated, symmetrical high-speed Internet connectivity, with a premier SLA, at market-setting prices. Founded in 1999 by Philip Urso and Jeffrey Thompson (eFortress), Towerstream held its first public offering in January 2007 and traded on the NASDAQ Capital Markets under symbol TWER. In November 2016 the stock had declined in price, was delisted from NASDAQ, and moved to the over-the-counter market.
RUCKUS Networks is a brand of wired and wireless networking equipment and software owned by CommScope. Ruckus offers switches, Wi-Fi access points, CBRS access points, controllers, management systems, cloud management, AAA/BYOD software, AI and ML analytics software, location software and IoT controller software products to mobile carriers, broadband service providers, and corporate enterprises. As a company, Ruckus invented and has patented wireless voice, video, and data technology, such as adaptive antenna arrays that extend signal range, increase data rates, and avoid interference, providing distribution of delay-sensitive content over standard 802.11 Wi-Fi.
Small cells are low-powered cellular radio access nodes that have a ranges of around 10 meters to a few kilometers. They are base stations with low power consumption and cost. They can provide high data rates by being deployed densely to achieve high spatial spectrum efficiency.
Mavenir Systems, Inc. is an American telecommunications software company, created in 2017 as a result of a three-way merger of existing companies and technologies, that develops and supplies cloud-native software to the communications service provider (CSP) market.
Reliance Jio Infocomm Limited is an Indian telecommunications company and a subsidiary of Jio Platforms, headquartered in Navi Mumbai. It operates a national LTE network with coverage across all 22 telecom circles. Jio offers 5G, 4G and 4G+ services all over India. Its 6G service is in the works.
DISH Wireless L.L.C., doing business as Boost Mobile, is an American telecommunications company and wholly owned subsidiary of EchoStar Corporation. Boost Mobile is the fourth largest wireless carrier in the United States. Together with its sister brands Gen Mobile and Ting Mobile, it serves 7 million subscribers as of September 30, 2024.