Airspan Networks Holdings Inc. (MIMO), a key player in 5G network technology, experienced notable activity in today’s pre-market session. The company saw its shares trading with a volume of 473.781K, but the pre-market session closed on a downward note at $0.2000 per share, marking a decrease of 9.09%.
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Despite this dip, the pre-market gap recorded a 4.09% increase, indicating a mixed reaction from the market. This pre-market performance sets a complex stage for Airspan’s trading day, reflecting investor reactions to recent company developments or broader market trends.
Latest Update By The Company
On January 17, 2024, Airspan Networks Holdings Inc., (MIMO) known for its innovative software and hardware solutions for 5G networks and its leadership in Open RAN technologies, boldly stepped into the Utilities market. Airspan aims to transform the sector with a trailblazing, integrated solution that spans from the user’s device to the Radio Access Network (RAN), right through to the core network, all orchestrated by a singular software ecosystem.
To propel this venture, Airspan has partnered with GCT Semiconductor, Inc., a renowned fabless company specializing in advanced LTE, IoT, and 5G semiconductors, to craft a superior RF module suitable for a wide array of devices. Complementing this, Airspan is launching a new line of vRAN radios targeting the sub 1GHz spectrum and a scalable virtual core network.
These technological advancements will be governed by an all-encompassing software platform designed to integrate effortlessly with pre-existing management systems. The modular nature of Airspan’s solution allows for full system integration or the acquisition of individual components to enhance existing setups. This modularity offers utility companies the flexibility to upgrade their operations and merge new wireless technologies with their established infrastructures.
Reinforcing its dedication to the utility sector, Airspan is joining the 450MHz Alliance, reflecting its commitment to championing the use of the 450MHz band. This strategic move is set to improve the robustness and efficiency of communications networks, propelling utility providers towards more efficient operations and superior customer service.
