SOURCE: Galaxia Telecom International PLC

February 19, 2008 15:09 ET

Galaxia Telecom International PLC [GTI] Lists on the Frankfurt Stock Exchange, Rolls Out the Largest Commercial WiMAX Network in Africa

FRANKFURT, GERMANY--(Marketwire - February 19, 2008) - Galaxia Telecom International PLC (FRANKFURT: N2I) (ISIN GB00B1CD9K66), the telecom integrator and operator specializing in the innovation and deployment of wireless broadband technologies, announces today the listing of the company's shares on the Open Market of the Frankfurt Stock Exchange and the launch of its first mass market WiMAX network in Algeria.

Today's listing of the company's shares on the Frankfurt Stock Exchange offers investors the opportunity to invest both in wireless broadband technology and in emerging markets.

"Galaxia Telecom is one of the few listed companies in the wireless WiMAX area with exposure to the potentially high growth rates for WiMAX services in emerging markets. The European listing for Galaxia Telecom International PLC comes at a turning point in demand for WiMAX services and provides investors with a route to access the growth of broadband wireless telecommunications solutions internationally," Dr. Abdellah Hoummady, CEO, Galaxia Telecom International PLC, commented.

WiMAX technology is the greatest hope in terms of bridging the digital divide in emerging markets at reasonable costs, while at the same time leapfrogging the traditionally slower development stages of the telecommunication infrastructure in developed markets.

"By embracing WiMAX technology on such a large scale, Algeria has decided to make a big push to reduce the digital divide both within Algeria itself and vis-à-vis the rest of the world. In our view, it is the optimal technology, reliable and cost effective for a large country such as Algeria, which needs to cover the needs of a sizeable but dispersed population of 33m people across a vast territory over 5 times the size of Germany," explains Dr. Hoummady.

GTI is currently engaged in discussions with a number of other national operators and WiMAX related providers worldwide.

About Galaxia Telecom International PLC

Galaxia Telecom International PLC is a Canadian company with an international footprint specializing in the innovation and deployment of wireless broadband technologies, most specifically in WiMAX. Galaxia Telecom designs and integrates Broadband Wireless Access (BWA) end-to-end solutions and products and has extensive experience in modular solution design and manufacturing, rapid time-to-market and cost effective solutions, employing state-of-the-art and industry standard access technologies. www.galaxiatelecom.com

About WiMAX

WiMAX is a wireless interconnection for fixed, (and, in future, mobile) customer broadband access (World Interoperability for Microwave Access). WiMAX provides a wireless alternative to cable and DSL and an economical "last mile" for companies and individuals, especially in countries with a low level of wired infrastructure. WiMAX technology permits "triple play" (voice, data, and video) and in the near future "quadruple play" (adding mobile voice and data).

Contact Information

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