Craig Wireless Signs Greek WiMAX Reseller Deal

Craig Wireless' Greek subsidiary Craig Wireless Hellas has entered into an agreement to provide Net One subscribers with access to its WiMAX network. The agreement provides for non-exclusive access to the Network for an indefinite term, within the coverage area of the Network in the Athens and Thessaloniki regions of Greece.

Net One amalgamated with Algonet Telecommunications in April, 2008 and just recently announced that a further merger with On Telecom in Greece is pending, subject to final negotiations.

"We are, as a Company, very excited about this agreement with Net One and its use of our network in Greece. Our 4G WiMAX network represents what the Company believes is a new standard in broadband Internet access in its coverage areas and we are confident that users will enjoy the nomadic, fixed and ultimately mobile broadband Internet experience that they will get through our Network. This agreement with Net One is evidence of the demand for such wireless broadband access in the Greek market" said J. Drew Craig, Co-Chief Executive Officer of the Company.

The Company's WiMAX Network in Greece consists two network operations centers ("NOCs") connecting base stations in the Athens and Thessaloniki regions of Greece, and together cover approximately 25% of the Greek population.

Posted to the site on 9th April 2009