WINNIPEG, April 8 /CNW/ - Craig Wireless Systems Ltd. ("Craig Wireless"
or the "Company") (TSX: CWG) today announced that its subsidiary Craig
Wireless Hellas S.A. has entered into an agreement with Net One A.E. ("Net
One") to provide Net One subscribers with access to Craig Wireless Hellas
S.A.'s WiMAX network (the "Network"). The agreement provides for non-exclusive
access to the Network for an indefinite term, within the coverage area of the
Network in the Athens and Thessaloniki regions of Greece.
Net One amalgamated with Algonet Telecommunications A.E. in April, 2008
and just recently announced that a further merger with On Telecom in Greece is
pending, subject to final negotiations.
"We are, as a Company, very excited about this agreement with Net One and
its use of our network in Greece. Our 4G WiMAX network represents what the
Company believes is a new standard in broadband Internet access in its
coverage areas and we are confident that users will enjoy the nomadic, fixed
and ultimately mobile broadband Internet experience that they will get through
our Network. This agreement with Net One is evidence of the demand for such
wireless broadband access in the Greek market" said J. Drew Craig, Co-Chief
Executive Officer of the Company.
About WiMAX and the Craig Wireless Network in Greece
WiMAX-enabled technology is designed to provide fast, simple and reliable
broadband connections, both portable and mobile, to users anytime and anywhere
within a specific coverage area. As a standards-based technology for broadband
wireless equipment, WiMAX is expected to bring economies of scale to broadband
wireless access equipment, delivering lower cost and higher performance than
that achieved historically by proprietary approaches not based on open
The Company's WiMAX Network in Greece consists two network operations
centers ("NOCs") connecting base stations in the Athens and Thessaloniki
regions of Greece, and together cover approximately 25% of the Greek
population. The Network enables the Company to deliver fixed and nomadic
wireless Internet broadband access to consumers, businesses and government
departments and presents the Company with opportunities to wholesale excess
capacity on the Network in the coverage area.
About Craig Wireless Systems Ltd.
Craig Wireless Systems Ltd. and its affiliates (collectively, the "CWS
Group") offer a broad range of telecommunications services, including,
broadband Internet access, television programming delivery, business
connectivity solutions, hosting, security and telecommunications solutions.
Through certain members of the CWS Group, Craig Wireless holds or leases
licenses for spectrum in the 2.5 GHz, 2.6 GHz or 3.5 GHz bands in Manitoba,
British Columbia, the Coachella Valley region, California, United States,
Greece, Norway and New Zealand. Spectrum in these ranges is effective for
delivery of point-to-multipoint signals, possesses robust bandwidth capability
and supports emerging high-bandwidth applications through WiMAX (or other 4G
technology, such as LTE), including portable and mobile applications.
Notice on forward-looking statements
This release includes forward-looking statements regarding Craig Wireless
and its business. Such statements are based on management's current
expectations. The forwardlooking events and circumstances discussed in this
release may not occur and actual results could differ materially as a result
of known and unknown risk factors and uncertainties affecting Craig Wireless
and its business. No forward-looking statement can be guaranteed.
Forward-looking statements speak only as of the date on which they are made
and Craig Wireless does not undertake any obligation to publicly update or
revise any forward-looking statement, whether as a result of new information,
future events, or otherwise.
The Toronto Stock Exchange does not accept responsibility for the
adequacy or accuracy of this release.
For further information:
For further information: J. Drew Craig, Co-Chief Executive Officer,
Craig Wireless Systems Ltd., Tel: (416) 515-2222 ext. 2, email: