Parallel Wireless Selected by Telefonica to Support Digital Innovation

Proven HetNet Technology Set to Facilitate Urban and Rural Connectivity

Telefonica logoNASHUA, N.H. – July 26th, 2016 – Parallel Wireless, Inc., the pioneer in making cellular network deployments as easy and as cost-effective as Wi-Fi today announced a collaboration with Telefonica I+D, an innovation unit of one of the largest telecommunications providers globally. The agreement will allow for trials of Parallel Wireless virtualized RAN (vRAN) solution to provide digital services in dense urban and remote areas in European and Latin American markets.

Based in Madrid, Spain, Telefonica (NYSE: TEF) is a worldwide leader the telecommunications market with presence in 21 countries and more than 320 million accesses around the world.

Mobile operators are innovating to discover new ways to connect people in heterogeneous geographies with networks that can deal with exponential growths in traffic demand. A further connected world will enable new generations of wireless services to flourish and continue transforming modern life.

This new partnership will advance Telefonica’s ongoing innovation, including both, rural and urban HetNets. Parallel Wireless will enable low cost coverage allowing efficient spectrum management. These services will leverage the unique capabilities of Parallel Wireless vRAN with ease of install, backhaul flexibility including resilient wireless mesh and real-time network orchestration.

Steve Papa, Founder and CEO, Parallel Wireless, said

“As one of the innovative communication providers, Telefonica understands the true potential of improving coverage with global reach by embracing new network architectures, such as virtualization. We are proud to have been selected for these innovation trials to connect the previously unconnected without making extensive capital investments associated with legacy network deployments. Low-cost wireless coverage will fuel economic growth, improve infrastructure, and reduce costs for consumers ensuring access to connectivity with the best technology and leaving nobody behind.”

About Parallel Wireless

Parallel Wireless is reimagining the wireless infrastructure market, enabling carriers to deploy cellular networks as easy and as cost-effective as enterprise Wi-Fi whether for rural, enterprise, public safety, M2M, Smart Cities, or dense urban. Currently, the company is live or in trials with major leading operators on five continents. Parallel Wireless’ innovation and excellence has been recognized with 23 industry awards and a nomination to the “Fierce 15” top emerging technology startups list. Connect with Parallel Wireless on LinkedIn and Twitter.

For more information about Telefonica I+D, please visit: http://www.tid.es/

Parallel Wireless Press and Industry Analyst Contact:
Eugina Jordan
Parallel Wireless, Inc.
+1-603-589-9937, ext. 246