Welcome to our dedicated page for MIMO news (Ticker: MIMO), a resource for investors and traders seeking the latest updates and insights on MIMO stock.
This page provides a curated feed of news and press releases about Airspan Networks Holdings Inc., historically traded under the ticker MIMO on NYSE American. Airspan is a U.S.-based provider of software and hardware for 5G networks, with a strong focus on Open RAN, small cells, and advanced wireless connectivity across public and private network environments.
News related to MIMO often highlights technology deployments and strategic partnerships. Examples from recent announcements include Open RAN radio deployments for Rakuten Mobile’s cloud-native network in Japan, collaborations to enhance connectivity in wind turbines, and participation in smart city projects using outdoor small cells. Other coverage focuses on private network rollouts in major U.S. metropolitan areas, 5G mmWave fixed wireless access initiatives, and entry into the utilities market with end-to-end vRAN and core solutions.
Investors and industry observers can also find capital markets and restructuring updates in Airspan’s news flow. The company has reported on NYSE American listing compliance matters, the initiation of delisting proceedings, and a Restructuring Support Agreement involving Fortress Investment Group, including voluntary prepackaged Chapter 11 filings and plans to become a private company majority-owned by Fortress affiliates.
By following this MIMO news stream, readers can track developments in Airspan’s 5G product portfolio, Open RAN activities, private and utilities network projects, and key corporate events such as financing transactions and changes to its public listing status. Bookmark this page to review historical and ongoing news items that document how Airspan’s wireless technologies and corporate structure have evolved over time.
Airspan Networks Holdings Inc. (NYSE American: MIMO) reported its Q2 2022 financial results, indicating revenue of $46.9 million, a 25% increase from Q1 2022 and 12% year-over-year. Gross margin improved to 40.1% from 32.1% in Q1 2022, but down from 45.7% in Q2 2021. The net loss narrowed to $21.0 million from $29.7 million in the prior quarter. Adjusted EBITDA loss decreased to $12.3 million. Despite supply chain challenges, the company secured over 60 private 4G/5G networks and signed agreements with major cloud providers.
Airspan Networks Holdings Inc. (NYSE American: MIMO) will announce its 2022 second quarter results on August 9, 2022, after market close. A conference call will follow on August 10, 2022, at 8:30 am EST. Interested parties can join via toll-free numbers and access the details on the company's investor relations website. Airspan, a leader in 5G networks and Open RAN solutions, has shipped over one million cells to 1,000 customers across 100 countries, positioning itself as a significant player in the market with a focus on innovation and R&D.
Betacom has been selected by Google Cloud as a launch partner to accelerate the delivery of private 5G networks in the U.S. This partnership leverages Google Distributed Cloud Edge, aiming to enhance Industry 4.0 technologies. The 5GaaS service offers a fully-managed, end-to-end wireless service to U.S. enterprises, ensuring cost-effective and high-performance connectivity. Betacom's collaboration with Airspan Networks and Druid Software will enable robust private network solutions, thereby supporting critical enterprise communications.
Airspan Networks (NYSE American: MIMO) and Resound Networks announced successful real-world testing of gigabit-tier fixed wireless services using the experimental 6 GHz spectrum. They achieved speeds of 1 Gbps download and 500 Mbps upload over distances exceeding 3 miles, marking a 50% increase in distance expectations. This technology aims to deliver fiber-quality services in rural areas at reduced costs. The Airspan Mimosa A6 access point, with up to 7 Gbps capacity, will be available this summer, pending FCC approval to utilize the 6 GHz band.
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Betacom has partnered with MxD, the Digital Manufacturing Institute, to deploy a private 5G network at its Chicago headquarters. This collaboration aims to enhance technologies for Industry 4.0, enabling greater efficiency and competitiveness in manufacturing. Betacom’s 5GaaS will provide enterprises with managed private networks, improving operational productivity. The deployment involves multiple partners, including Airspan Networks Holdings Inc. and Druid Software, showcasing an innovative approach to wireless technology.
Airspan Networks Holdings Inc. (MIMO) reported Q1 2022 revenue of $37.6 million, a 25% decrease from Q4 2021 and 18% year-over-year. Gross margin fell to 32.1% from 41.1% in Q4 2021. The company incurred a net loss of $29.7 million, worsening from $19.6 million in the previous quarter. Despite supply chain challenges, four major customers placed new orders, and Airspan continues to expand its 5G network solutions. The company projects Q2 2022 revenue between $44 million and $48 million at a gross margin of 38%-40%.
Airspan Networks Holdings Inc. (NYSE American: MIMO) has partnered with Guident Corp. to deliver connectivity solutions for autonomous vehicles using CBRS spectrum. They have launched a 5G Private Networks testbed in Boca Raton, Florida, covering three square miles. This setup achieves a low latency of approximately 30 milliseconds, essential for safe autonomous driving. The collaboration is seen as a step towards adopting an Open RAN Network architecture. The partnership enhances Airspan's 5G offerings and supports Guident's teleoperation systems for enhanced safety.
Airspan Networks Holdings Inc. (NYSE American: MIMO) has partnered with GFO Investments to launch a 5G private network at The Gale South Beach hotel, Florida. This innovative network will enhance guest experiences by providing high-speed connectivity and streamline hotel operations. The deployment uses Citizens Broadband Radio Service (CBRS) spectrum, marking a significant milestone as one of the first U.S. hotels to implement such technology. This initiative aims to improve check-in processes, support video conferencing, and unify in-room technologies for an integrated guest experience.
Mercury Broadband has partnered with Airspan Networks Holdings (NYSE American: MIMO) to deploy CBRS Fixed Wireless Access solutions across several Midwestern states. Mercury Broadband, a key player in rural broadband, has begun purchasing and deploying hundreds of Airspan's radios to enhance its service. This partnership aims to close the digital divide by leveraging federal funds from the Rural Digital Opportunity Fund. Mercury’s expansion includes a significant upgrade in service level agreements, increasing reliability and service quality for customers.
