Shares of Airspan Networks Holdings Inc. (NYSE: MIMO) were up 2.72% at the time of the most recent check, trading at $2.64 in the open market, with no apparent noteworthy news. The MIMO stock reached a session low of $2.57.
What has MIMO been doing lately?
Two significant client orders for its new solutions for Fixed Wireless Access (FWA) and 5G have recently been received by Airspan Networks Inc., a division of Airspan (MIMO), a U.S.-based supplier of innovative, disruptive software and hardware for mobile and fixed network operators.
The new A6/B6x FWA broadband access and backhaul platform earned the company’s first order worth more than $10 million, a gigabit-speed FWA point-to-multipoint (PTMP) and point-to-point (PTP) solution with up to 7 Gbps throughput for outdoor broadband networks and 5G backhaul infrastructure that enhances performance, scalability, and reliability.
This solution, which will also include the C6x radio client, marks a new MIMO milestone by offering fiber-like speeds for major Mobile Network Operator 5G network rollouts as well as last mile solutions for Mobile and Fixed carriers as well as wireless internet service providers (WISPs), delivering a fiber-like connection to homes, corporate and industrial sites, and at a fraction of the price.
Being a part of this significant national 5G rollout, which brings 5G mobile and fixed services to millions of people, is a recognition of MIMO’s innovation with this product line, which keeps securing the company’s places in the most exciting network expansions throughout the globe.
Separately, MIMO has received additional orders totaling more than $10 million from another customer for an ongoing Open RAN network build in Asia. These orders include an expansion of the Ruggedized Distributed Unit deployment for 4G network operations and a game-changing new product, a 5G antenna element that will operate in a multi-vendor environment to enhance macro radio performance.
How will this affect MIMO going forward?
These project victories serve as yet another illustration of the technological leadership and creativity of Airspan (MIMO). The 6 Series gives network operators the ability to offer network performance at fiber speeds, which is crucial given the importance of gigabit, at a far lower cost than either fiber or traditional microwave or millimeter wave backhaul systems. On the mobile network side, MIMO’s unique Open RAN infrastructure technologies have been driving the development of cutting-edge network topologies at a competitive price.