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Airspan Networks Holdings Inc. - MIMO STOCK NEWS

Welcome to our dedicated page for Airspan Networks Holdings news (Ticker: MIMO), a resource for investors and traders seeking the latest updates and insights on Airspan Networks Holdings stock.

Airspan Networks Holdings Inc. (MIMO) delivers cutting-edge LTE small cell and backhaul solutions for global telecommunications networks. This news hub provides investors and industry professionals with timely updates on strategic developments, financial milestones, and technological advancements shaping the company's trajectory in wireless infrastructure.

Access comprehensive coverage of earnings announcements, product innovations, and partnership agreements. Our curated collection ensures you stay informed about MIMO's role in enabling smart grid deployments, public safety networks, and mission-critical connectivity solutions across vertical markets.

Discover updates spanning regulatory developments, patent filings, and international expansion efforts. The repository serves as your primary source for understanding Airspan's integration of LTE Advanced, OFDMA, and other proprietary technologies in evolving 4G/5G ecosystems.

Bookmark this page for streamlined access to verified updates about MIMO's network deployments and market positioning. Check back regularly to monitor how Airspan continues addressing complex connectivity challenges through its specialized wireless expertise.

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Airspan Networks Holdings, a leader in 5G network software and hardware, has partnered with Semco Maritime to enhance connectivity in wind turbines. This collaboration will be demonstrated at the Offshore Digitalisation Workshop from June 11-13, 2024, in Esbjerg, Denmark. Airspan's small cell radio units will enable real-time monitoring, fault detection, and improve worker safety within wind turbines. Semco Maritime will integrate these solutions, drawing on its offshore expertise. The live demo will showcase 5G use cases including safety devices and drones for operational efficiency.

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Airspan Networks has announced its ongoing partnership with Boldyn Networks to support Sunderland City’s smart city project. In the project's initial phase, Airspan deployed AirSpeed 1900 outdoor small cells, integrated with Open RAN technology, to enhance connectivity. These efforts laid the groundwork for advancements in smart homes, digital skills, education, and Industry 4.0. Chief Sales and Marketing Officer Henrik Smith-Petersen highlighted the importance of dense, software-centric 5G networks for future growth. Claire Venners of Boldyn Networks praised Airspan's role in transforming Sunderland into a leading smart city.

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Airspan Networks Holdings Inc. (NYSE American: MIMO) faces delisting from NYSE American as per notification from NYSE Regulation. Trading suspended from April 1, 2024, with no intention to appeal the decision.
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Airspan Networks Holdings Inc. (NYSE American: MIMO) has entered into a Restructuring Support Agreement with Fortress Investment Group and key stakeholders to strengthen its financial foundation. The agreement includes up to $95 million of new equity financing and the elimination of all existing funded debt, positioning Airspan for long-term success in the 5G networks and Open RAN markets.
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Airspan Networks Holdings Inc. and NextWave are expanding their private network rollout across the United States, utilizing NextWave's valuable 2.5 GHz Band 41 spectrum. The project aims to provide wide-area coverage with tailored flexibility and security, targeting essential services like transportation and public safety. The collaboration between the two companies sets new standards for private networks, emphasizing innovation and service quality.
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Airspan Networks Holdings Inc. announces a strategic entry into the Utilities market with a pioneering end-to-end solution, forming a partnership with GCT Semiconductor, Inc. to develop a state-of-the-art RF module and joining the 450MHz Alliance to enhance communication networks. The comprehensive solution aims to empower utilities companies to optimize their operations and meet the evolving demands of their customers.
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Airspan Networks Holdings Inc. (NYSE American: MIMO) announced its third-quarter results, including a gain on the sale of Mimosa Networks Inc to Radisys Corporation, providing $10.5 million in cash and reducing indebtedness by $40.0 million. Revenue decreased to $14.3 million from $32.1 million sequentially and $41.1 million year-over-year. Gross margin improved to 36.7% from 21.0% in the previous quarter. Total operating expenses decreased to $16.1 million from $27.5 million in the second quarter. Net income was $9.9 million, including a $28.6 million gain on sale of the Mimosa subsidiary.
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Airspan Networks Holdings Inc. announces a collaboration with Prospecta Utilities to deploy a 5G mmWave Fixed Wireless Access Network across Australia. The partnership aims to revolutionize telco infrastructure, improve lifestyle, and reduce fixed fees. Airspan's mmWave AIO Outdoor Small Cell will be used for this project.
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Airspan Networks Holdings Inc. received an extension until December 9, 2024 to comply with NYSE American's listing standards. The company must effect a reverse stock split or demonstrate sustained price improvement by January 10, 2024 to maintain listing.
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Radisys Corporation, a global leader of open telecom solutions, has completed the acquisition of Mimosa Networks, Inc. from Airspan Networks Holdings Inc. Mimosa brings a diverse portfolio of connectivity products that enable the rapid rollout of multi-gigabit-per-second Fixed Wireless Access networks and wireless backhaul connectivity. The Mimosa product suite complements Radisys' Open Access portfolio.
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NYSE:MIMO

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