STOCK TITAN

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. (NASDAQ: MIMO) is a leading global provider of wireless broadband solutions. Established in 1992 as a division of DSC Communications, Airspan became an independent entity in 1997. With a diverse customer base of over 1000 clients in more than 100 countries, the company offers a comprehensive range of LTE and 4G base stations along with small cell backhaul solutions utilizing both LTE relay and proprietary technologies.

Airspan is renowned for its innovation in LTE small cells, making significant strides in mobile carrier and private network deployments. The company's solutions cater to various sectors, including fixed internet service providers, smart grids, public safety, transportation, and the oil & gas industry.

Boasting deep in-house expertise in LTE, LTE Advanced, OFDMA, Wi-Fi, and VoIP technologies, Airspan is at the cutting edge of breakthrough RAN solutions. They effectively integrate these technologies to create synergistic and innovative products that meet the evolving needs of the market.

Airspan's strategic partnerships and collaborations enhance its market position, offering clients cutting-edge solutions that improve network efficiency and reliability. The company's ongoing projects and recent achievements underscore its commitment to technological advancement and customer satisfaction.

For the latest updates on Airspan Networks Holdings Inc., including their financial performance and current projects, follow the latest news releases from sources such as Radisys Corporation and Airspan Networks Holdings Inc.

Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
partnership
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-37%
Tags
none
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.35%
Tags
none
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
185.71%
Tags
none
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.63%
Tags
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.8%
Tags
partnership
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.9%
Tags
none
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
83.12%
Tags

FAQ

What is the market cap of Airspan Networks Holdings (MIMO)?

The market cap of Airspan Networks Holdings (MIMO) is approximately 8.4M.

What does Airspan Networks Holdings Inc. specialize in?

Airspan specializes in providing LTE small cells and small cell backhaul technologies, serving over 1000 customers globally.

When was Airspan Networks Holdings Inc. established?

Airspan was originally established in 1992 as a division of DSC Communications and became a standalone company in 1997.

What markets does Airspan serve?

Airspan serves mobile carriers, fixed internet service providers, and vertical markets including smart grids, public safety, transportation, and oil & gas.

What technologies does Airspan integrate into its products?

Airspan integrates LTE, LTE Advanced, OFDMA, Wi-Fi, and VoIP technologies into its product offerings.

How many customers does Airspan have?

Airspan has more than 1000 customers in over 100 countries around the world.

What are some recent achievements of Airspan Networks Holdings Inc.?

Recent achievements include advancements in RAN solutions and strategic partnerships that enhance network efficiency and reliability.

Who are some of Airspan's strategic partners?

Airspan collaborates with various entities, including Radisys Corporation, to advance its technological offerings.

What sectors benefit from Airspan's technologies?

Sectors such as smart grids, public safety, transportation, and the oil & gas industry benefit from Airspan's technologies.

What is Airspan's approach to innovation?

Airspan focuses on leveraging in-house expertise to create innovative products that integrate multiple technologies for optimal performance.

Where can I find the latest news about Airspan Networks Holdings Inc.?

The latest news can be found through sources like Radisys Corporation and Airspan Networks Holdings Inc.'s official releases.

Airspan Networks Holdings Inc.

NYSE:MIMO

MIMO Rankings

MIMO Stock Data

8.43M
28.51M
22.97%
41.58%
0.11%
Telecom Services
Communication Services
Link
United States
Boca Raton