Associated tags: CBRS, MIMO, FWA, Software, NYSE, Networks, Wireless, Mobile, Hardware, Telecommunications, 5G, Airspan Networks, Internet
Airspan Networks Holdings Inc. (NYSE American: MIMO) (“Airspan” or the “Company”), a provider of ground-breaking, disruptive software and hardware for 5G networks and a pioneer in end-to-end Open RAN, private network and air-to-ground connectivity solutions, today announced that it received notification from NYSE Regulation, Inc. (“NYSE Regulation”) that NYSE Regulation has initiated proceedings to delist the Company’s common stock from NYSE American.
Key Points:
- Airspan Networks Holdings Inc. (NYSE American: MIMO) (“Airspan” or the “Company”), a provider of ground-breaking, disruptive software and hardware for 5G networks and a pioneer in end-to-end Open RAN, private network and air-to-ground connectivity solutions, today announced that it received notification from NYSE Regulation, Inc. (“NYSE Regulation”) that NYSE Regulation has initiated proceedings to delist the Company’s common stock from NYSE American.
- Trading of the Company’s common stock has been suspended, effective April 1, 2024, and it does not intend to appeal NYSE Regulation’s determination.
- NYSE Regulation determined that the Company’s common stock is no longer suitable for listing and will commence delisting proceedings pursuant to Section 1003(c)(iii) of the NYSE American Company Guide.
Technology,
Mobile,
Wireless,
Software,
5G,
Networks,
Hardware,
Agreement,
Fortification,
Partner (business rank),
DIP,
LLP,
United States bankruptcy court,
Bankruptcy,
Fortress Investment Group,
VRS,
Telecommunications,
MIMO,
Hand,
Dorsey & Whitney,
Security (finance) Our significant commitments through this Agreement reflect our conviction that a recapitalized Airspan can further solidify its leadership position within the wireless industry.
Key Points:
- Our significant commitments through this Agreement reflect our conviction that a recapitalized Airspan can further solidify its leadership position within the wireless industry.
- Airspan will operate its business without disruption through this process, safeguarding its commitment to employees, customers, and suppliers.
- The DIP financing is subject to Court approval and the satisfaction of specified closing conditions.
- VRS Restructuring Services, LLC is serving as Airspan’s financial advisor and Intrepid Investment Bankers LLC is serving as Airspan’s investment banker.
Retrieved on:
Monday, February 26, 2024
Technology,
Software,
5G,
Networks,
Internet,
Hardware,
Transport,
Mobile World Congress,
Hertz,
NextWave Wireless,
Monolithic kernel,
Communication,
Partnership,
Internet service provider In the first phase, NextWave achieved significant milestones by establishing a robust foundation with 120 base stations in the New York metro area to provide a wide area private network, a testament to the innovative vision both companies share.
Key Points:
- In the first phase, NextWave achieved significant milestones by establishing a robust foundation with 120 base stations in the New York metro area to provide a wide area private network, a testament to the innovative vision both companies share.
- With 20MHz dedicated exclusively to customer use and another 20MHz earmarked for an advanced overlay network.
- The overlay network is a game-changer, designed to offer seamless, wide-area coverage akin to that provided by major network operators (MNOs), but with the tailored flexibility and security that only a private network can offer.
- Echoing this sentiment, Henrik Smith-Petersen, Chief Sales & Marketing Officer at Airspan, highlighted the vision behind the collaboration: "Our partnership with NextWave epitomizes innovation.
Retrieved on:
Wednesday, January 17, 2024
Software,
Networks,
Internet,
Hardware,
Utilities,
Consumer Electronics,
IOT (Internet of Things),
Energy,
Technology,
Semiconductor,
5G,
Other Technology,
Public utility,
GCT,
RAN,
Wireless,
Partnership,
SVP,
MWC,
LTE,
Telecommunications,
Internet of things,
Radio access network,
Hall In a move to further strengthen its commitment to the Utilities market, Airspan has joined forces with the 450MHz Alliance.
Key Points:
- In a move to further strengthen its commitment to the Utilities market, Airspan has joined forces with the 450MHz Alliance.
- "We are incredibly excited to strengthen our position into the Utilities market," said Henrik Smith-Petersen, CSMO at Airspan.
- We are very excited to participate with Airspan in the utilities sector with what we believe is a game-changing end-to-end solution that promises unparalleled performance and reliability."
- Be sure to visit us at Hall 2 - 2E20 during MWC 2024 for an exclusive sneak preview of our cutting-edge RAN product and comprehensive end-to-end solution for the utilities market.
Each stock is evaluated based on short-term technical, long-term technical and fundamental factors.
Key Points:
- Each stock is evaluated based on short-term technical, long-term technical and fundamental factors.
- Each of those scores is then combined into an overall score that determines a stock's overall suitability for investment.
- InvestorsObserver provides patented technology to some of the biggest names on Wall Street and creates world-class investing tools for the self-directed investor on Main Street.
- We have a wide range of tools to help investors make smarter decisions when investing in stocks or options.
Retrieved on:
Wednesday, November 8, 2023
Mobile,
Wireless,
Technology,
5G,
Carriers and Services,
Other Technology,
Telecommunications,
Software,
Networks,
Internet,
Hardware,
MIMO,
Radisys,
EBITDA,
Sale,
NYSE,
Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc.,
Mimosa,
Video game,
Cryptocurrency,
Bookkeeping On August 11, 2023 Airspan Networks Holdings Inc. completed the previously announced sale of Mimosa Networks Inc to Radisys Corporation.
Key Points:
- On August 11, 2023 Airspan Networks Holdings Inc. completed the previously announced sale of Mimosa Networks Inc to Radisys Corporation.
- Revenue of $14.3 million compared to $32.1 million sequentially from second quarter 2023, and from $41.1 million year-over-year from third quarter 2022.
- Excluding an inventory impairment charge of $7.2 million in second quarter 2023, the adjusted gross margin for the second quarter 2023 was 43.4% (non-GAAP measure).
- Total operating expenses of $16.1 million compared to $27.5 million in second quarter 2023, and $33.1 million for third quarter 2022.
Retrieved on:
Thursday, November 2, 2023
Networks,
Internet,
Mobile,
Wireless,
Technology,
Telecommunications,
NYSE,
SA,
History,
Human,
MIMO,
Radio,
Russian Institute for Public Networks,
Partnership,
FWA,
Marketing,
High-pass filter,
Mobile phone,
Airspan Networks,
Rakuten This exciting partnership aims to deploy a state-of-the-art 5G mmWave Fixed Wireless Access Network (FWA) across Australia, transforming the way citizens and enterprises will connect and communicate.
Key Points:
- This exciting partnership aims to deploy a state-of-the-art 5G mmWave Fixed Wireless Access Network (FWA) across Australia, transforming the way citizens and enterprises will connect and communicate.
- The challenge faced by Prospecta Utilities is to revolutionize the telco infrastructure in the home-campus they currently own named GemLife and are building across Australia to improve lifestyle of people.
- "We are thrilled to be partnering with Prospecta Utilities on this groundbreaking project," said Henrik Smith-Petersen, Chief Sales and Marketing Officer at Airspan.
- Airspan and Prospecta Utilities are set to make history with their groundbreaking 5G mmWave Fixed Wireless Access network.
Technology,
Software,
5G,
Networks,
Internet,
Hardware,
Letter,
Plan,
MIMO,
Notice,
NYSE American,
NYSE Airspan Networks Holdings Inc. (the “Company”) (NYSE American: MIMO), which provides ground-breaking, disruptive software and hardware for 5G networks, and is a pioneer in end-to-end Open RAN solutions, announced that on August 23, 2023, it received a letter from NYSE American LLC (“NYSE American”) stating that NYSE American reviewed and accepted the plan of compliance (the “Plan”) submitted by the Company in response to NYSE’s June 9, 2023 letter informing the Company that it was not in compliance with the continued listing standards set forth in Sections 1003(a)(i) and (ii) of the NYSE American Company Guide (the “Company Guide”).
Key Points:
- Airspan Networks Holdings Inc. (the “Company”) (NYSE American: MIMO), which provides ground-breaking, disruptive software and hardware for 5G networks, and is a pioneer in end-to-end Open RAN solutions, announced that on August 23, 2023, it received a letter from NYSE American LLC (“NYSE American”) stating that NYSE American reviewed and accepted the plan of compliance (the “Plan”) submitted by the Company in response to NYSE’s June 9, 2023 letter informing the Company that it was not in compliance with the continued listing standards set forth in Sections 1003(a)(i) and (ii) of the NYSE American Company Guide (the “Company Guide”).
- NYSE’s August 23 letter provides an extension for compliance with Sections 1003(a)(i) and (ii) of the NYSE American Company Guide until December 9, 2024.
- The NYSE American staff will review the Company periodically for compliance with the initiatives outlined in the Plan.
- If the Company is not in compliance with the continued listing standards by December 9, 2024, or if the Company does not make progress consistent with the Plan during the Plan period, the NYSE American staff will initiate delisting proceedings as appropriate.
Technology,
Mobile,
Wireless,
Software,
5G,
Networks,
Internet,
Hardware,
Jio,
Asset purchase agreement,
Purchasing,
Effective date,
Consent,
FWA,
Fortification,
Senior,
ANI,
Radisys,
Committee,
Credit agreements in South Africa,
Companies (1st Amendment) Act, 2015,
Forty-second Amendment of the Constitution of India,
Henson v. Santander Consumer USA Inc.,
Wi-Fi,
Telemundo,
Sale,
MIMO,
NPA,
Agent,
Reliance Industries,
Sales management,
Transaction,
Creditor,
Credit,
NYSE,
Commercial property,
Security (finance),
Procurement,
Mimosa Mathew Oommen, President of Reliance Jio Infocomm Limited, an affiliate of Buyer (“Reliance Jio”) is a member of the board of directors of the Company.
Key Points:
- Mathew Oommen, President of Reliance Jio Infocomm Limited, an affiliate of Buyer (“Reliance Jio”) is a member of the board of directors of the Company.
- Each of Reliance Jio and Buyer is a wholly-owned subsidiary of Jio Platforms Limited, an Indian company that is a subsidiary of Reliance Industries Limited.
- Reliance Jio Infocomm USA Inc., a wholly-owned subsidiary of Reliance Jio, is a shareholder of the Company.
- Reliance Jio was also one of the Company’s largest customers by revenue for the year ended December 31, 2022, primarily for products sold by Mimosa.
Retrieved on:
Thursday, August 10, 2023
Technology,
Mobile,
Wireless,
5G,
Other Technology,
Telecommunications,
Software,
Networks,
Internet,
Hardware,
NYSE American,
MIMO,
OTC,
NYSE,
Security (finance),
Airspan Networks Airspan Networks Holdings Inc. (NYSE American: MIMO) (“Airspan”) today issued a reminder to the holders of outstanding Airspan warrants to purchase common stock of Airspan (NYSE American: MIMO WSA and MIMO WSB, OTC: MIMOW) that the warrants will expire on August 13, 2023.
Key Points:
- Airspan Networks Holdings Inc. (NYSE American: MIMO) (“Airspan”) today issued a reminder to the holders of outstanding Airspan warrants to purchase common stock of Airspan (NYSE American: MIMO WSA and MIMO WSB, OTC: MIMOW) that the warrants will expire on August 13, 2023.
- The NYSE American has notified Airspan that it will suspend trading in the warrants after the close of trading on Thursday, August 10, 2023.
- As of July 31, 2023, there were approximately three million MIMO WSA warrants outstanding with an exercise price of $12.50 per share and approximately three million MIMO WSB warrants outstanding with an exercise price of $15.00 per share.
- As of July 31, 2023, there were approximately three million MIMOW warrants outstanding with an exercise price of $17.50 per share.
