Redback Networks, Inc. (RBAK)

[Bull_Dolphin]

The Carphone Warehouse Selects Redback to Help Deliver Free Broadband Services in the U.K.

http://biz.yahoo.com/bw/061204/20061204005457.html?.v=1

Monday December 4, 3:00 am ET
Fourth Largest Voice Carrier in U.K. Using SmartEdge Routers to Deliver Broadband for Two Million Customers


SAN JOSE, Calif.--(BUSINESS WIRE)--Redback Networks Inc. (NASDAQ:RBAK - News), a leading provider of multi-service edge routers for next generation IP networks, today announced that Opal Telecom, a subsidiary of The Carphone Warehouse (CPW), has chosen the SmartEdge® family of multi-service edge routers to help deliver the TalkTalk free broadband service for up to two million customers in the United Kingdom (U.K.).


TalkTalk is a communications company from The Carphone Warehouse and provides a combination of free broadband (up to 8 Mbps) and unlimited fixed-line phone calls. In October 2006, The Carphone Warehouse announced plans to acquire AOL UK's broadband operations, and the deal is expected to close in early 2007. The acquisition will make The Carphone Warehouse the third largest broadband provider in the U.K., with almost two million customers.

"Offering triple-play services is a compelling value for Internet users and has transformed the broadband market," said Magnus Almquist, vice president of sales & operations for Redback in Europe, Middle East and Africa. "It powerfully demonstrates that all communications can be delivered over a single broadband infrastructure and that over time carriers can use the power of Internet technology to converge communications and entertainment services. We are very pleased to be working with The Carphone Warehouse on this opportunity."

Clive Dorsman, chief technical officer of Opal Telecom, said: "Our strategy is to move quickly when we see new market opportunities. Being able to offer free broadband as part of a calling package provides The Carphone Warehouse with an opportunity to attract new customers, provide even better value to existing ones, whilst using the very profitable integrated service with a flexible IP infrastructure from Redback."

Redback's SmartEdge multi-service edge routers give network operators a graceful migration path to triple-play services, advanced business services such as unified communications and mobility services such as WiFi, WiMAX and mobile broadband networks. Redback uses a single system to manage data, voice and video services over next generation broadband networks. The platform is attractive to carriers because Redback uses a modular operating system and programmable processors that were specifically designed to manage different kinds of broadband IP services simultaneously. This flexible platform for multi-service networks give carriers higher levels of service consolidation, system availability, service scalability, and network mobility.

Twelve of the top 20 telephone carriers worldwide use SmartEdge routers for broadband, phone and TV services. Top carriers using SmartEdge include Belgacom, BellSouth, China Telecom, China Netcom, Chungwha Telecom (Taiwan), eAccess (Japan) France Telecom, Korea Telecom and Turk Telecom.

About Redback Networks

Redback Networks Inc. manages 50 million broadband connections for 15 of the top 20 DSL carriers worldwide. Redback's multi-service routing platform delivers next generation broadband services such as VoIP, IPTV, On-Demand Video, and on-line gaming. Redback Networks has more than 500 carrier customers worldwide and is based in San Jose, CA. In 2006, Redback marks its 10 year anniversary, celebrating ten years of broadband innovation. For more information, visit Redback Networks at www.redback.com.

About Carphone Warehouse

The Carphone Warehouse was set up in 1989 by Charles Dunstone. Today it is Europe's leading mobile communications retailer, generating annual turnover of 2,355m pounds (y/e March 05), offering customers impartial and expert advice, the widest choice of the latest product and unbeatable service. The company operates across 10 markets and employs over 12,000 people working across the stores, the support centres, the call centres, the online teams and the direct sales teams (telesales).

About TalkTalk

TalkTalk is the communications company from The Carphone Warehouse. Since its UK launch in February 2003, TalkTalk has become the number one alternative to BT, with over 2.6 million customers and continued strong growth.

In April 2006, TalkTalk launched the UK's first ever FREE broadband service, offering high speed broadband of up to 8Mb, plus unlimited free calls to 28 mainland countries for just 8.99 pounds per month (plus line rental of 11 pounds). As of 30 September, 625,000 applications have been made, of which 421,000 have been signed up. The broadband 'go-live' rate has halved from 10 weeks (June 2006) to five (September 2006).

On 11 October 2006, The Carphone Warehouse announced the acquisition of AOL's Internet access business in the UK, immediately becoming the third largest broadband provider in the UK.

TalkTalk is proud to support TreeHouse, the national charity for autism education. Together TreeHouse and TalkTalk are working to transform the lives of all children with autism, raising funds and driving awareness of autism through a variety of fresh, interactive initiatives. TreeHouse is a registered charity, number 1063184. In September 2006, TalkTalk launched a new directory enquiry service, 118111 from which 1p per call is donated to TreeHouse.

REDBACK and SmartEdge are trademarks registered at the U.S. Patent and Trademark Office and in other countries. NetOp is a trademark of Redback Networks Inc. All other products or services mentioned are the trademark, service marks, registered trademarks or registered service marks of their respective owners.

Note Regarding Forward Looking Statements -- Redback Networks, Inc.

The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended. These statements include but are not limited to statements regarding the ability of Redback's products to help carriers deliver communications services over a single broadband infrastructure and the expected deployment of broadband upgrades in the U.K.. All forward-looking statements included in this document are based upon information available to us as of the date hereof, and we assume no obligation to update any such forward-looking statements. Forward-looking statements involve risks and uncertainties, which could cause actual results to differ materially from those projected, including without limitation the risks and uncertainties relating to our business as set forth in the documents filed by Redback Networks with the Securities and Exchange Commission (SEC), specifically the most recent report on Form 10-K for the fiscal year ended December 31, 2005, Form 10-Q for the quarter ended September 30, 2006, Forms 8-K, and amendments thereto, and the other reports filed from time to time with the SEC.



Contact:
Redback Networks
Doug Wills, 408-750-5038 (Media)
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Investor Relations, 408-750-5505
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