Redback Networks! Strong buy...

"The new release of NetOp Policy Manager enables service providers to personalize broadband services further and to accelerate time to market for future services," said Mark Bieberich, director of communications network infrastructure at Yankee Group. "The integrated solution of NetOp Policy Manager and SmartEdge makes possible differentiated triple play services tailored to the needs of each individual customer."

   Expanded IP Video Capability Through Integration With SmartEdge

The NetOp Policy Manager 2.0 tightly integrates with the Redback SmartEdge Service Gateway to assure high-quality on-demand video services by auto-adjusting bandwidth and expanding Quality of Service (QoS) functionality. From the content entry point into the network through the content delivery to the end customer, the NetOp Policy Manager intelligently identifies bandwidth and QoS requirements to ensure seamless appropriation of network resources within the Smart Broadband Network environment.

Operational Consistency With New Service Introductions

Redback's NetOp Policy Manager 2.0 provides an operationally consistent network management solution that simplifies operations without effecting backend integration. The NetOp Policy Manager 2.0 offers service providers time and download-based service capabilities that automatically adjust the bandwidth available once the subscription limit is reached to ensure that all service offering capabilities are optimized.

Enhanced Service Delivery and Customer Service

The ease-of-integration capabilities of NetOp Policy Manager 2.0 gives customer service representatives greater visibility into user accounts for network troubleshooting, cross marketing and up-selling to higher end services. Now service representatives have in-depth granular views of start and stop times of user sessions, bandwidth usage and the number of devices using the broadband connection.

   New NetOp Policy Manager 2.0 Capabilities:

   --  Open and flexible Application Programming Interfaces (APIs)
       for seamless integration and customization with CRM and call
       center systems

   --  Intuitive and scalable GUI allows service providers to easily
       define bandwidth and QoS profiles for tiered service offerings

   --  Security lockdown features, including anti-virus, firewall,
       and automated password administration, to prevent login
       attacks

Based on the industry standard RADIUS protocol, the NetOp Policy Manager 2.0 is designed to work over residential and business broadband access technologies including DSL, Wi-Fi, Cable, Leased Lines, ATM/Frame Relay and Ethernet.

The NetOp Policy Manager 2.0 product can be licensed as a run-time software with feature enhancements based on feature roadmap, or the entire source code can be licensed which gives service providers the ultimate flexibility to customize the product.

About Redback Networks

Redback Networks Inc., a leading provider of next-generation broadband networking equipment, enables carriers and service providers to build Smart Broadband Networks that are personalized, adaptive and efficient. The Smart Broadband Network provides advanced IP based subscriber services to consumers, businesses and wholesale customers. The company's carrier-class, scalable SmartEdge product family combines carrier class edge routing, advanced subscriber management and high density Ethernet aggregation functions. In conjunction with the NetOp(TM) Element and Policy Manager platforms the SmartEdge family provides a powerful and flexible infrastructure solution that enables delivery of next-generation Broadband IP services.

Founded in 1996 and headquartered in San Jose, Calif., with sales and technical support centers located worldwide, Redback Networks maintains a growing and global customer base of more than 500 carriers and service providers, including major local exchange carriers (LECs), inter-exchange carriers (IXCs), PTTs, service providers and ISPs. For more information, visit Redback Networks at www.redback.com.

REDBACK and SmartEdge are trademarks registered at the U.S. Patent and Trademark Office and in other countries. NetOp is a trademark of Redback Networks Inc. All other products or services mentioned are the trademark, service marks, registered trademarks or registered service marks of their respective owners.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995

The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended, including statements regarding Redback Networks' expectations, beliefs, intentions or strategies regarding the future and including, without limitation, statements regarding Redback's NetOp Policy Manager 2.0 to tightly integrate with the SmartEdge platform to help service providers quickly deploy a wide range of revenue generating IP services in a cost-effective manner and whether the enhanced features such as dynamic bandwidth control and operational consistency, the NetOp Policy Manager can enable on-demand control for vigorous IP video network requirements or the company's ability to make possible differentiated triple play services tailored to the needs of each individual customer. All forward-looking statements included in this document are based upon information available to Redback Networks as of the date hereof, and Redback Networks assumes no obligation to update any such forward-looking statements. Forward-looking statements involve risks and uncertainties, which could cause actual results to differ materially from those projected. These risks and other risks relating to Redback Networks' business are set forth in the documents filed by Redback Networks with the Securities and Exchange Commission (SEC), specifically the most recent report on Form 10-K, Form 10-Q, Form 8-K, Redback's Registration Statement on Form S-3 (File No. 333-114352), and amendments thereto, and the other reports filed from time to time with the SEC.

MULTIMEDIA AVAILABLE:
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   CONTACT: Redback Networks
            Investor Relations, 408-750-5505
            investor_relations@redback.com
                or
            Merritt Group
            Melissa Chadwick, 703-390-1539 (Media)
            chadwick@merrittgrp.com

   SOURCE: Redback Networks Inc.


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"Redback has worked with customers around the world to develop the SmartEdge platform's MPLS VPN capabilities," said Magnus Almquist, vice president of operations in Europe, the Middle East and Africa for Redback Networks. "Working with our top tier customer base, we have created a product portfolio that combines the latest features without sacrificing performance and resiliency. The SmartEdge product line was purpose-built for the rigorous demands of highly available, resilient, and secure carrier networks. Its BGP scalability and virtual routing capability allowed Vanco to significantly reduce the number of managed elements in their network and thereby simplify their network operations."

The SmartEdge Router provides industry-leading density and performance with 480 line-rate Gigabit Ethernet ports in a standard 7 foot rack. The PPA2 Broadband IP Engine can forward 216 million packets per second and support 2.5 million routes and 3,000 virtual routers. The combination of resiliency and performance scales the network both technically and operationally.

About Redback Networks

Redback Networks Inc., a leading provider of next-generation IP broadband networking equipment, enables carriers and service providers to build Smart Broadband Networks that can deliver simplified, personalized and portable subscriber services to consumers and businesses. The company's carrier-class, consumer-scale SmartEdge Router and Service Gateway platforms combine subscriber management, IP edge routing and Ethernet aggregation functions. In conjunction with the NetOp(TM) Element and Policy Manager platforms, they provide a powerful, flexible infrastructure for managing both residential and business users and deploying a variety of value-added services.

Founded in 1996 and headquartered in San Jose, Calif., with sales and technical support centers located worldwide, Redback Networks maintains a growing and global customer base of more than 500 carriers and service providers, including major local exchange carriers (LECs), inter-exchange carriers (IXCs), PTTs, service providers and ISPs. For more information, visit Redback Networks at www.redback.com.

REDBACK and SmartEdge are trademarks registered at the U.S. Patent and Trademark Office and in other countries. NetOp is a trademark of Redback Networks Inc. All other products or services mentioned are the trademark, service marks, registered trademarks or registered service marks of their respective owners.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended, including statements regarding Redback Networks' expectations, beliefs, intentions or strategies regarding the future and including, without limitation, statements regarding Vanco's selection of Redback's SmartEdge Router, whether Vanco will use the SmartEdge platform as expected, and the expected benefits of such products for Vanco and its customers. All forward-looking statements included in this document are based upon information available to Redback Networks as of the date hereof, and Redback Networks assumes no obligation to update any such forward-looking statements. Forward-looking statements involve risks and uncertainties, which could cause actual results to differ materially from those projected, including without limitation potential product defects or problems in the implementation of the SmartEdge products or other factors affecting the timing, scope and scale of Vanco's actual use of the SmartEdge products. These risks and other risks relating to Redback Networks' business are set forth in the documents filed by Redback Networks with the Securities and Exchange Commission (SEC), specifically Redback's Quarterly Report on Form 10-Q for the period ended September 30, 2005, other recent annual and quarterly reports, Form 8-K, and amendments thereto, and the other reports filed from time to time with the SEC.

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"Redback has an outstanding track record of delivering proven IP broadband solutions," said Olivier Caron, CTO of XTS Telecom. "They have demonstrated a thorough understanding of our broadband requirements, and in the SmartEdge product family, they have a portfolio that supports our immediate needs as well as our plans for future service deployments."

Redback Networks addressed the requirements of XTS Telecom's broadband network in conjunction with Telindus, a Redback Premier Partner.

About SmartEdge Product Family

Redback's SmartEdge family of products is designed to deliver advanced IP services and personalize IP broadband through subscriber management with the highest degree of availability, scalability, and flexibility. In edge aggregation applications, the SmartEdge platform helps carriers optimize initial capital expenditures, service provisioning and management, as well as ongoing operational costs associated with delivering services.

The SmartEdge platform is available as an Ethernet aggregator, edge router or Service Gateway. The SmartEdge Service Gateway combines the functionality of carrier class Ethernet aggregation, edge routing and advanced subscriber management to enable service providers to simplify its IP broadband aggregation network. By creating a single service control point, the SmartEdge Service Gateway helps service providers to deliver current and future IP broadband services in a granular and personalized fashion. As a router, the SmartEdge platform is a third-generation edge router for the aggregation of leased lines, ATM and Frame Relay and the delivery of MPLS VPN services.

About XTS TELECOM

Founded in 1998, XTS TELECOM is a privately owned, independent telecom operator. Using VoIP (Voice over IP), XTS TELECOM developed a competitive and compelling telecommunications service for customers in the French West Indies, French Guyana, the Indian Ocean (Mauritius, Mayotte, Reunion Island) and in Metropolitan France. Holding WLL licences for the French Overseas Territories, XTS TELECOM has deployed a radio local loop network using WIMAX technology since 2004. Its customer base has increased regularly and today XTS TELECOM is a major player within its markets. For more information, contact Olivier Caron -- XTS TELECOM -- Tel: +33 1 5549 3838, olivier.caron@xtsnetwork.com.

About Redback Networks

Redback Networks Inc., a leading provider of next-generation broadband networking equipment, enables carriers and service providers to build Smart Broadband Networks that are personalized, adaptive and efficient. The Smart Broadband Network provides advanced IP based subscriber services to consumers, businesses and wholesale customers. The company's carrier-class, scalable SmartEdge product family combines carrier class edge routing, advanced subscriber management and high density Ethernet aggregation functions. In conjunction with the NetOp(TM) Element and Policy Manager platforms the SmartEdge family provides a powerful and flexible infrastructure solution that enables delivery of next-generation Broadband IP services.

Founded in 1996 and headquartered in San Jose, Calif., with sales and technical support centers located worldwide, Redback Networks maintains a growing and global customer base of more than 500 carriers and service providers, including major local exchange carriers (LECs), inter-exchange carriers (IXCs), PTTs, service providers and ISPs. For more information, visit Redback Networks at www.redback.com.

REDBACK and SmartEdge are trademarks registered at the U.S. Patent and Trademark Office and in other countries. NetOp is a trademark of Redback Networks Inc. All other products or services mentioned are the trademark, service marks, registered trademarks or registered service marks of their respective owners.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended, including statements regarding Redback Networks' expectations, beliefs, intentions or strategies regarding the future and including, without limitation, expectations regarding XTS Telecom's deployment of the Redback SmartEdge Service Gateway in their next generation broadband network infrastructure, the expected benefits of such products to XTS Telecom and whether the SmartEdge product family can enable XTS Telecom's plan for future service deployments. All forward-looking statements included in this document are based upon information available to Redback Networks as of the date hereof, and Redback Networks assumes no obligation to update any such forward-looking statements. Forward-looking statements involve risks and uncertainties, which could cause actual results to differ materially from those projected, including without limitation potential product problems in the implementation of the SmartEdge products, issues with integration with other XTS Telecom technology or other factors affecting the timing, scope and scale of XTS Telecom's actual use of the SmartEdge products. These risks and other risks relating to Redback Network's business are set forth in the documents filed by Redback Networks with the Securities and Exchange Commission (SEC), specifically the Quarterly Report on Form 10-Q for the period ended September 30, 2005, other recent reports on Form 10-K, Form 10-Q, Form 8-K, and amendments thereto, and the other reports filed from time to time with the SEC.

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