Airspan Networks Holdings Inc. - MIMO STOCK NEWS

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 Brazil. The partnership is designed to help telecom operators meet the increasing demand for data traffic driven by 5G adoption.

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.

Airspan Networks Inc. (MIMO) reported strong financial results for Q2 2021, with revenue reaching $42.0 million, up 51% compared to Q2 2020. First half revenue totaled $88.0 million, marking a 59% increase year-over-year. Gross profit for Q2 also rose 31% to $19.2 million, and adjusted EBITDA losses improved by 25% to $5.4 million. Despite a recurring net loss of $10.4 million, management expressed optimism about the company's growth trajectory, particularly in the expanding 5G market.