FiberTower Supports MetroPCS Backhaul Network Evolution to Ethernet
SAN FRANCISCO, April 21 /PRNewswire-FirstCall/ -- FiberTower Corporation (Nasdaq: FTWR) and MetroPCS Communications, Inc., (NYSE: PCS) announced today that they have entered into an agreement for FiberTower to provide Ethernet-based backhaul services in select MetroPCS markets. The evolution to Ethernet for network backhaul helps prepare MetroPCS for its 4G Long Term Evolution (LTE) network launch that is planned during the second half of 2010.
Using FiberTower's unique backhaul solution, which includes fiber-based Ethernet services to cell sites and microwave extensions for maximum coverage, MetroPCS will have the ability to efficiently scale capacity from five megabits per second (Mbps) to as much as one gigabit per second (Gbps) per site as its backhaul needs evolve over time. FiberTower has been providing MetroPCS with backhaul solutions in several MetroPCS markets since late 2005.
"MetroPCS and FiberTower have enjoyed a mutually beneficial relationship, and we are pleased that MetroPCS has expanded our partnership to prepare for its LTE launch," said Kurt Van Wagenen, FiberTower's president and chief executive officer. "FiberTower can deliver on MetroPCS' unique needs as the carrier enhances its network architecture over the course of the next few years. We have a history of leading wireless backhaul innovation with our deployment of Ethernet-based backhaul solutions that enable wireless carriers to efficiently optimize their networks for broadband service delivery. Looking ahead, we are excited about the LTE opportunity."
"Our plan to provide customers with an enhanced mobile experience through the services available on a 4G network requires a robust backhaul solution that is capable of operating efficiently with increased network traffic inherent on a LTE network," said Roger Linquist, president and chief executive officer of MetroPCS. "FiberTower is able to provide us with a necessary piece of that solution as we move toward the launch of the United States' first LTE wireless network featuring smartphones in the second half of this year."
For more information about FiberTower, visit www.fibertower.com.
About FiberTower
FiberTower is a backhaul and access services provider focused primarily on the wireless carrier market. With its extensive spectrum footprint in 24 GHz and 39 GHz bands, carrier-class microwave and fiber networks in 13 major markets and master service agreements with nine U.S. wireless carriers, FiberTower is considered to be the leading alternative carrier for wireless backhaul. FiberTower also provides backhaul and access service to government and enterprise markets. For more information, please visit our website at www.fibertower.com.
Forward-Looking Statements
This news release includes "forward-looking" statements, as that term is defined in the Private Securities Litigation Reform Act of 1995 or by the Securities and Exchange Commission, or SEC, in its rules, regulations and releases. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts, including statements regarding, among other things, our financial and business prospects, anticipated customer growth, and expansion plans. There are many risks, uncertainties and other factors that can prevent the achievement of goals or cause results to differ materially from those expressed or implied by these forward-looking statements including, among other things, those risk factors described in the Company's Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q, as filed with the SEC.
SOURCE FiberTower Corporation
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