Welcome to our dedicated page for MIMO news (Ticker: MIMO), a resource for investors and traders seeking the latest updates and insights on MIMO stock.
This page provides a curated feed of news and press releases about Airspan Networks Holdings Inc., historically traded under the ticker MIMO on NYSE American. Airspan is a U.S.-based provider of software and hardware for 5G networks, with a strong focus on Open RAN, small cells, and advanced wireless connectivity across public and private network environments.
News related to MIMO often highlights technology deployments and strategic partnerships. Examples from recent announcements include Open RAN radio deployments for Rakuten Mobile’s cloud-native network in Japan, collaborations to enhance connectivity in wind turbines, and participation in smart city projects using outdoor small cells. Other coverage focuses on private network rollouts in major U.S. metropolitan areas, 5G mmWave fixed wireless access initiatives, and entry into the utilities market with end-to-end vRAN and core solutions.
Investors and industry observers can also find capital markets and restructuring updates in Airspan’s news flow. The company has reported on NYSE American listing compliance matters, the initiation of delisting proceedings, and a Restructuring Support Agreement involving Fortress Investment Group, including voluntary prepackaged Chapter 11 filings and plans to become a private company majority-owned by Fortress affiliates.
By following this MIMO news stream, readers can track developments in Airspan’s 5G product portfolio, Open RAN activities, private and utilities network projects, and key corporate events such as financing transactions and changes to its public listing status. Bookmark this page to review historical and ongoing news items that document how Airspan’s wireless technologies and corporate structure have evolved over time.
Airspan Networks and Gogo have successfully completed a seven-tower 5G testbed as part of Gogo’s nationwide 5G Air-to-Ground (ATG) network deployment. This network utilizes Airspan’s advanced 5G infrastructure, including OpenRANGE software and Massive MIMO antennas. The testbed will validate performance in diverse environments, with plans for a rapid rollout of more sites throughout 2022. Gogo reassures that its 5G network will operate on frequencies that avoid interference with aircraft systems, ensuring a robust connectivity solution for the aviation sector.
The City of Amarillo, Impact Broadband, and Mimosa by Airspan (NYSE American: MIMO) are launching the Amarillo Connected project to provide affordable broadband access to 10,000 students and low-income residents. The initiative addresses significant connectivity issues, particularly in underserved areas. Mimosa's Fixed Wireless Access (FWA) technology has been selected for its efficiency and simplicity. A state funding application for $100 million has been submitted to expand this initiative to 55 communities. Mayor Ginger Nelson emphasizes the program's potential to transform access to education, healthcare, and essential services.
Airspan Networks Holdings Inc. (NYSE American: MIMO) has partnered with Padtec and Trópico to offer 5G network solutions through a Memorandum of Understanding (MoU). This collaboration aims to provide end-to-end hardware and software solutions across various spectrum bands (700 MHz, 2.3 GHz, 3.5 GHz, 26 GHz) in response to the recent 5G spectrum auction in
Airspan Networks Holdings Inc. (NYSE American: MIMO) has announced its AirStrand 2200 solution is the first CBRS 5G Stand Alone small cell radio approved by the FCC. Utilizing Qualcomm® FSM100 5G RAN Platform, this product operates on the CBRS n48 spectrum band. The AirStrand 2200 simplifies deployment for cable operators, enabling a single technician to install six radios in a day, accelerating 5G network densification. This follows Airspan's expansion into the fast-growing CBRS market and emphasizes its innovative capabilities in wireless technology.
Airspan Networks Holdings Inc. (NYSE American: MIMO) reported a third quarter 2021 revenue of $38.9 million, marking an 8% increase from the previous year. Year-to-date revenue rose 39% to $126.9 million. The company launched its Mimosa 6 Series product suite, enhancing Fixed Wireless Access (FWA) capabilities. Despite strong demand, the company faced supply chain challenges, impacting gross margin, which decreased to 44% from 48% year-over-year. Loss per share of 41 cents reflects increased operational costs and shipment delays.
Airspan Network Holdings Inc. (NYSE American: MIMO) will report its 2021 third quarter results on November 10, 2021, at 8:30 am EST, followed by a conference call. Participants can join via toll-free dial-in at 1-877-589-7296 or 1-215-268-9906, using the Airspan call ID. An audio replay will be available on their investor relations website. Airspan specializes in innovative 5G solutions, providing disruptive technology for mobile networks globally.
Airspan Networks Holdings Inc. (NYSE American: MIMO) launched its new A6 Wi-Fi 6E access point and C6x radio, marking the introduction of the first gigabit-speed Fixed Wireless Access (FWA) solution. This technology features up to 7 Gbps throughput for outdoor broadband and 5G backhaul. The A6 can support over 200 subscribers, offering a 4X increase in capacity and 1.75 Gbps speeds per subscriber. The equipment promises lowest latency and superior noise cancellation, enhancing network performance in unconnected areas.
Airspan Networks Holdings Inc. (NYSE American: MIMO) announced the successful completion of interoperability tests for 5G and Open RAN technology using CBRS spectrum. This achievement involved Qualcomm’s Snapdragon X60 5G Modem-RF System and marks a significant step in the deployment of next-generation 5G devices. According to SNS Telecom, approximately 90% of U.S. smartphone shipments will support CBRS by 2023. The tests confirmed the functionality of Airspan's end-to-end Open RAN solution, which is crucial for enhancing user experience in various scenarios.
IBM and Airspan Networks announced a collaboration to launch a 5G-enabled Open RAN testbed in Germany and France. This initiative aims to facilitate trials of edge applications and network slicing over long distances, enhancing the ability of European telcos to innovate with multi-vendor solutions. The testbed will leverage IBM’s hybrid cloud and AI services to accelerate the adoption of Open RAN technology. Partners will be able to integrate and test features for next-gen campus networks. This project underscores the commitment to advancing 5G and edge computing technologies.
