• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

Axesstel Announces First Commercial Shipments of GSM Fixed Wireless Phones to Telefonica Moviles Guatemala; Axesstel Expands Addressable Market With Entree into GSM

Posted on: Tuesday, 6 June 2006, 09:00 CDT

Axesstel, Inc. (AMEX:AFT), a leader in the design and development of fixed wireless voice and broadband data products, today announced it has received a purchase order from Telefonica Moviles Guatemala, the largest wireless service provider in Guatemala, for its PG210 GSM Fixed Wireless Desktop Phone. Telefonica Moviles Guatemala will offer the phones in conjunction with a nationwide expansion of its Global System for Mobile (GSM) network to make quality, affordable voice services available to consumers in urban and rural areas throughout Guatemala. Axesstel has begun first commercial shipments of the PG210 to Telefonica Moviles Guatemala and the phones are scheduled to be available in Telefonica Moviles retail stores and through its broad network of authorized resellers in Guatemala by the end of June.

Telefonica Moviles Guatemala is a subsidiary of Telefonica Moviles which operates all of Group Telefonica's wireless assets. Telefonica Group has a total subscriber base of more than 180 million (over 100 million are cellular) and has network coverage in 19 countries, 13 of which are in Latin America. Telefonica Moviles Guatemala operates under the Movistar brand name, currently has over 1.2 million subscribers and is in the process of expanding its GSM network coverage to raise service capacity nationwide in Guatemala.

"Axesstel has proven to be a valuable and responsive partner. By leveraging Axesstel's wide range of CDMA fixed wireless phones and EV-DO broadband modems, we have been able to be much more competitive and provide a wider range of voice and data services," said Estuardo Olivares, commercial director for Telefonica Moviles Guatemala. "Now, by offering the PG210 in conjunction with our nationwide GSM network expansion, we will further diversify our service offerings, broaden the availability to affordable voice services nationwide throughout Guatemala and build on our growing fixed wireless GSM subscriber base."

"We are very excited to announce our entree into the GSM market with shipments of our first GSM fixed wireless phone to Telefonica Moviles Guatemala," said Lixin Cheng, chief sales officer and president of the fixed wireless group for Axesstel. "Our GSM product line further diversifies our fixed wireless product portfolio, allows us to capitalize on current trends in the Latin American market and enables us to expand our addressable market to the world's largest wireless market with over 800 GSM carriers in 212 countries worldwide."

The Axesstel PG210 is a dual band (850/1900 MHz) fixed wireless desktop phone with a durable, dust-resistant dial pad designed for virtually any environment. The PG210 enables high-quality voice calling over GSM networks with enhanced calling features, including hands-free dialing, call waiting, call forwarding, 3-way calling, and caller ID. Subscribers can also use the PG210 to quickly send and receive text messages using the multi-lingual menu, currently available in English, Portuguese and Spanish. An internal lithium-ion battery is fast charging and ensures high reliability.

Axesstel is currently in development of the PG220 dual-band (900/1800 MHz) GSM fixed wireless desktop phone for markets in Asia, Africa, Eastern Europe, and Middle East. The PG220 is scheduled for availability in the fourth quarter of 2006.

Axesstel offers the most comprehensive fixed wireless product portfolio, including desktop phones, public call office phones, voice and data terminals, broadband modems and 3G broadband gateways in a broad variety of frequencies that leverage a wide range of wireless technology including GSM, CDMA2000 1X, and CDMA2000 1x-EVDO and WiFi.

ABOUT TELEFONICA MOVILES S.A. AND TELEFONICA MOVILES GUATEMALA, S.A.

Telefonica is one of the largest telecommunications companies in the world in terms of market capitalization. Its activities are centered mainly on the fixed and mobile telephony businesses with broadband as the key tool for the development of both. The company has a significant presence in 19 countries and a customer base that amounts to more than 180 million accesses around the world. Telefonica has a strong presence in Latin America, where the company focuses an important part of its growth strategy. Telefonica is a 100% listed company, with more than 1.5 million direct shareholders. Its share capital currently comprises 4,921,130,397 ordinary shares traded on the Spanish Stock Market (Madrid, Barcelona, Bilbao and Valencia) and on those in London, Paris, Frankfurt, Tokyo, New York, Lima, Buenos Aires and Sao Paulo. Telefonica Moviles Guatemala is the filial operator of Telefonica Group in the Guatemalan market. It has more than 1.2 million subscribers nationwide and unifies all its operations in Guatemala under the Movistar brand name. For more information on Telefonica Moviles Guatemala, visit http://www.telefonica.com.gt/.

ABOUT AXESSTEL, INC.

Axesstel (AMEX:AFT) is a leader in the design and development of fixed wireless voice and broadband data products. Axesstel's product portfolio includes fixed wireless desktop phones, public call office phones, voice/data terminals, broadband modems and 3G broadband gateways for access to voice calling and high-speed data services. The company delivers innovative fixed wireless and broadband data solutions to leading telecommunications operators and distributors worldwide. Axesstel is headquartered in San Diego, California and has a research and development center and manufacturing facilities in Seoul, South Korea. For more information on Axesstel, visit www.axesstel.com.

(C) 2006 Axesstel, Inc. All rights reserved. The Axesstel logo is a trademark of Axesstel, Inc.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: With the exception of historical information, the statements set forth above include forward-looking statements relating to market penetration and conditions, product capabilities and the timing of new product introductions which may affect future results and the future viability of Axesstel. Axesstel wishes to caution readers that actual results could differ materially from those suggested by the forward-looking statements due to risks and uncertainties and a number of important risk factors. Those factors include but are not limited to unforeseen manufacturing difficulties, unanticipated component shortages, competitive pricing pressures and the risk factors noted in Axesstel's filings with the Securities and Exchange Commission, such as the rapidly changing nature of technology and frequent introductions of new products and enhancements by competitors; the competitive nature of the markets for Axesstel's products; product and customer mix, Axesstel's need to gain market acceptance for its products; the risks of primary dependence on one large customer; potential intellectual property-related litigation; Axesstel's need to attract and retain skilled personnel; and Axesstel's primary reliance on its sole contract manufacturer. All forward-looking statements are qualified in their entirety by this cautionary statement, and Axesstel undertakes no obligation to revise or update this press release to reflect events or circumstances occurring after this press release.

Source: Business Wire

More News in this Category