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REDBACK NEWS !!!! papadope


15.05.00 16:11


 Monday May 15, 7:35 am Eastern Time

 Company Press Release

 Redback Networks to Support First:Telecom in Broadband Rollout in Three
 European Countries

 Initial Rollout of DSL in 30 German Cities with Plans for National Broadband Deployment in the
 UK and France by 2001

 SUNNYVALE, Calif.--(BUSINESS WIRE)--May 15, 2000-- Redback Networks, Inc.,
 (Nasdaq:RBAK - news) today announced that First:Telecom, a
 European competitive local exchange carrier (CLEC) is deploying Redback's subscriber
 management technology to support its newly announced European
 broadband DSL (Digital Subscriber Line) service.

 First:Telecom will aim the service primarily at the business market and will also wholesale it to
 other service providers. The Redback Subscriber Management
 System(TM) (SMS) will manage and auto-provision the large numbers of subscribers expected
 to join First:Telecom's business service when it goes live this
 summer. The service, which has already been successfully tested in Frankfurt, will be available
 in ten German cities by the end of 2000 and in a total of 30 German
 cities by 2001. Deployment in other countries, including the U.K. and France, will follow as local
 loop unbundling de-regulation permits.

 ``Our business customers are demanding high-speed Internet access, and we learned from
 service providers in the United States who are using Redback's proven
 SMS that subscriber management must be an integral part of our network infrastructure to

 meet customer expectations,'' said First:Telecom European Marketing
 Director Rupert Baines. ``Redback's SMS solution operates intelligently in the network, with a
 high level of functionality, and ensures quality of service. This gives us
 a competitive advantage, not only in the service we provide directly to users but also in our
 wholesale relationships, and it allows us to manage multiple customers
 with the same level of quality, without the need for closed networks.''

 Redback's SMS technology will interoperate with First:Telecom's DSLAMs (DSL access
 multiplexers) to provide profiling, billing, and dynamic provisioning
 capabilities for thousands of subscribers simultaneously before routing them to and from the
 Internet. Where it is deployed, broadband DSL access has attracted
 large numbers of subscribers because it provides fast, 'always on' Internet connectivity and
 enables delivery of premium content. Following its deployment in
 Germany, First:Telecom will partner with British Telecom in its ADSL trials and with ARTin

 The process of local loop unbundling around Europe is gradually opening the DSL market to
 independent, well-funded data CLECs such as First:Telecom.
 ``Redback believes this will create a dynamic marketplace that greatly benefits the end user,
 as long as service providers can match demand with quality,'' said Joop
 van Aard, Redback's vice-president of operations for Europe, the Middle East, and Africa. ``In
 Germany, where de-regulation has already occurred, First:Telecom
 is accomplishing its stated mission to provide reliable, fast, and cost-effective broadband
 Internet access. With the Redback SMS, First:Telecom is enhancing its
 ability to rapidly deploy services to thousands of subscribers and is future-proofing the scope of
 broadband services it can offer business customers.''

 About Redback Networks, Inc.

 Founded in 1996 and headquartered in Sunnyvale, Calif., Redback Networks, Inc., is a leading
 provider of advanced networking solutions that enable carriers,
 cable operators, and service providers to rapidly deploy broadband access and services. The
 company's market-leading Subscriber Management Systems(TM)
 (SMS) connect and manage large numbers of subscribers using any of the major broadband
 access technologies such as Digital Subscriber Line (DSL), cable, and
 wireless. To deliver integrated transport solutions for metropolitan optical networks, Redback's
 SmartEdge(TM) multi-service platforms leverage powerful advances
 in ASIC, IP, and optical technology. With its combined product portfolio, Redback Networks is
 the first equipment supplier focused exclusively on developing
 integrated solutions for the New Access Network. Redback Networks has European
 Headquarters and a Technical Assistance Center in Rotterdam, the
 Netherlands, with regional offices in France, Germany, the U.K., and the Benelux countries.

 Redback, Subscriber Management System and SmartEdge are trademarks of Redback
 Networks, Inc. Other trademarks, service marks, and trade names belong
 to 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.
 Forward-looking statements include statements regarding future customer requirements, future
 sales and future product development. 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 and other risks relating to Redback Networks' business are set forth in
 the documents filed by Redback Networks with the Securities and
 Exchange Commission, specifically the most recent report on Form 10-K, and the other reports
 filed from time to time with the Securities and Exchange
REDBACK NEWS !!!! storyhunter

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