Message #27 From:
NewsBot Date: October 23, 2006 05:00:00 AM
AFT News Axesstel and Bakrie Telecom Partner to Increase Access to Affordable Telecommunication Services in Indonesia
SAN DIEGO & JAKARTA, Indonesia--(BUSINESS WIRE)--Axesstel, Inc. (AMEX:AFT), a leader in the design and development of
fixed wireless voice and broadband data products, and PT Bakrie Telecom
Tbk (BTEL), the fastest growing fixed wireless telecom operator in
Indonesia, today announced the new BTEL Wifone fixed wireless service is
being bundled with the Axesstel L800F and P830 CDMA2000 1X Fixed
Wireless Desktop Phones to make quality, affordable voice and data
services more broadly available to consumers and businesses in urban,
rural and underserved regions within BTEL licensed areas throughout
Indonesia. Shipments of the Axesstel L800F and P830 have already begun
and the Wifone service was launched in late September.
The current population in Indonesia is estimated to be over 220 million
with a landline penetration of only four percent. Bakrie Telecom’s
CDMA2000 1X fixed wireless network provides a superior solution to
costly landline network alternatives by enabling greater flexibility in
physical deployment, lower capital expenditures for infrastructure and
reduced time to market. These advantages allow Bakrie Telecom to pass
along the savings to its customers and provide immediate access to
quality voice and data services.
“The launch of our Wifone fixed wireless
service, with 35 value-added benefits, will enable us to meet high
consumer demand for affordable telecommunications services in this under
penetrated fixed line market,” said Satyadev
Sarvaiya, vice president, fixed wireless service for Bakrie Telecom. “Bundled
with Axesstel L800F and P830 phones, Wifone offers our customers
handphone features at landline rates and also provides immediate access
to telecommunication services for their home or office without the long
wait for a network connection from a landline provider.”
“Indonesia’s low
teledensity rate presents tremendous potential for growth in
telecommunications services. The technical, financial and time to market
advantages of Bakrie’s CDMA fixed wireless
network paired with the quality and quick set-up of our phones offer a
complete solution to meet untapped market demand in this region,”
said Marv Tseu, chief executive officer for Axesstel. “Our
new P830 and L-series phones have enabled us to gain innovative operator
partners like Bakrie Telecom, further diversify our global customer base
and increase our market penetration in Indonesia, one of the fastest
growing fixed wireless markets in the world.”
The rugged, dust-resistant L800F is an entry level, low cost phone
targeted at first time users and features voice calling, short messaging
and an FM radio for news and music. The P830 is designed to appeal to
users looking for more robust voice and data services with feature rich
functionality. The P830 features a built-in FM radio with automatic
station search and 10-station memory presets, an integrated alarm
function, and large four-line liquid crystal display to enable quick and
easy text messaging. When connected to a desktop PC or laptop, the P830
provides high-speed data access at speeds up to 153.6 kbps.
ABOUT PT BAKRIE TELECOM TBK
Bakrie Telecom is the fastest growing wireless telecom operator in
Indonesia and a leader in providing affordable fixed wireless services
to customers. Bakrie Telecom provides fixed wireless, limited mobility
and wireless data services to individuals and corporations in 15 cities
throughout DKI Jakarta, West Java and Banten Province. For more
information on Bakrie Telecom, visit http://www.bakrietelecom.com/.
ABOUT AXESSTEL, INC.
Axesstel (AMEX:AFT) is a leader in the design and development of fixed
wireless voice and broadband data products. Axesstel’s
product portfolio includes fixed wireless desktop phones, public call
office phones, voice/data terminals, broadband modems and 3G gateways
for access to voice calling and high-speed data services. The company
delivers innovative fixed wireless solutions to leading
telecommunications operators and distributors worldwide. Axesstel is
headquartered in San Diego, California and has a research and
development center in Seoul, South Korea. For more information on
Axesstel, visit www.axesstel.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform
Act of 1995: With the exception of historical information, the
statements set forth above include forward-looking statements relating
to market penetration and conditions, product capabilities and the
timing of new product introductions which may affect future results and
the future viability of Axesstel. Axesstel wishes to caution readers
that actual results could differ materially from those suggested by the
forward-looking statements due to risks and uncertainties and a number
of important risk factors. Those factors include but are not limited to
unforeseen manufacturing difficulties, unanticipated component
shortages, competitive pricing pressures and the risk factors noted in
Axesstel's filings with the Securities and Exchange Commission, such as
the rapidly changing nature of technology and frequent introductions of
new products and enhancements by competitors; the competitive nature of
the markets for Axesstel's products; product and customer mix,
Axesstel's need to gain market acceptance for its products; the risks of
primary dependence on one large customer; potential intellectual
property-related litigation; Axesstel's need to attract and retain
skilled personnel; and Axesstel's primary reliance on its sole contract
manufacturer. All forward-looking statements are qualified in their
entirety by this cautionary statement, and Axesstel undertakes no
obligation to revise or update this press release to reflect events or
circumstances occurring after this press release.
