SOURCE: BigBand Networks, Inc.

November 12, 2008 05:30 ET

BigBand Networks Renews Relationship With Verizon With Multi-Year Agreement to Support FiOS TV Services

BigBand Hits Key Milestone by Deploying Over 1,500 Platforms Across Verizon's FiOS Network

REDWOOD CITY, CA--(Marketwire - November 12, 2008) - BigBand Networks, Inc. (NASDAQ: BBND), a leading innovator in video networking, today announced a new, multi-year agreement with Verizon (NYSE: VZ) to deliver an advanced video services infrastructure for Verizon's FiOS TV rollout. BigBand, whose platforms channel video signals onto Verizon's all-fiber-optic network, has supported FiOS TV since its launch in September 2005, and continues to collaborate closely with Verizon on new solutions to support delivery of advanced services across its customer base. Verizon recently deployed its 1,500th BigBand Broadband Multimedia-service Router (BMR®) in the FiOS network.

FiOS TV services are provided over the nation's largest fiber-to-the-premises network, and are available to 7.0 million households. BigBand's platforms have played a key role in helping Verizon achieve rapid service deployment.

"BigBand has worked closely with Verizon on the deployment of an impressive national video network," said Amir Bassan-Eskenazi, chief executive officer of BigBand Networks. "Verizon places a premium on FiOS TV service quality and availability. Likewise, BigBand prides itself on the quality and scalability of its edge video platforms. We look forward to continuing to work closely with Verizon as they expand and innovate their service offering."

BigBand Networks' platforms are based on open standards, and interoperate with an extensive array of products from other leading vendors in Verizon's network. BigBand provides carrier-grade video solutions to service providers worldwide, and was awarded the prestigious TL 9000 quality control certification. For additional information about BigBand's industry-leading video solutions, please visit http://www.bigbandnet.com/index.php/bmr1200.html

About BigBand Networks

BigBand Networks, Inc. (NASDAQ: BBND) provides broadband service providers with innovative network solutions designed to make it easier to move, manage and monetize video. These solutions are based on BigBand's video-networking platforms that are built to enable efficient and reliable delivery across a wide range of services, including digital TV, high definition TV, advanced advertising, video-on-demand and interactive TV. BigBand Networks' customers include more than 200 service providers -- including six of the ten largest service providers in the U.S. -- and leading cable and telco service providers in North America, Asia, Europe and Latin America. BigBand Networks is based in Redwood City, Calif., with offices worldwide. For additional information about the company, please call +1.650.995.5000, email info@bigbandnet.com or visit www.bigbandnet.com.

BMR and all other BigBand Networks' brand and product names are service marks, trademarks or registered trademarks of BigBand Networks, Inc. in the United States and other countries. All other marks are the property of their respective owners.

This release contains "forward-looking statements" as defined under the U.S. Federal Securities Laws, including the Private Securities Litigation Reform Act of 1995 and is subject to the safe harbors created by such laws. Forward-looking statements may relate to, but are not limited to the functionality, programming potential and other potential benefits to be derived by Verizon from the use of the BigBand Broadband Multimedia-service Router (BMR) platform. Forward-looking statements are based on current expectations that involve a number of uncertainties and risks that may cause actual events or results to differ materially. Factors that could cause actual events or results to differ materially include, among others, the following: rapid technological change that can adversely affect the demand for BigBand's products, design flaws in BigBand's Broadband Multimedia-service Router (BMR) platform, shifts in customer demand, shifts in strategic relationships, delays in BigBand's ability to deliver or decisions to discontinue its products and services, or announcements by competitors. These and other risks may be detailed from time to time in BigBand's periodic reports filed with the Securities and Exchange Commission, copies of which may be obtained from www.sec.gov. BigBand Networks is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise. Information contained in our website is not incorporated by reference in, or made part of this press release.

Contact Information

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