Alvarion wins WiMAX deal in Spain

The contract is with telecommunications company Iberbanda.

WiMAX solutions developer Alvarion Ltd. (Nasdaq: ALVR; TASE: ALVR) has won a contract with Spanish telecommunications company Iberbanda to expand the current WiMAX network at 3.5GHz in Catalonia.

The expansion results from a tender won by Iberbanda to supply WiMAX services to the Government of Catalonia.

Catalonia, covering an area of over 32,000 square kilometers, is divided into four provinces: Barcelona, Tarragona, Lleida and Girona. As a result of this deployment, these provinces will double their broadband capacity, specifically in rural areas.

Iberbanda CEO Ricardo Gomez Villagran said, "This contract is another key milestone in our long standing partnership with Alvarion."

Iberbanda is a broadband communications provider that offers high speed Internet, telephony, data transmission, and other services. Shareholders include Telefonica, El Corte Ingles, Grupo PRISA and Omega Capital.

Alvarion shares closed at $2.99 yesterday, giving a market cap of $185.22 million.

Published by Globes [online], Israel business news - www.globes-online.com - on May 27, 2009

© Copyright of Globes Publisher Itonut (1983) Ltd. 2009

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