Comba (HKG:2342) clarifies UBS report

   Date:2012-04-20

omba Telecom Systems (HKG:2342) has issued a clarification announcement in response to an investment research report prepared by UBS Securities Co. Limited on 17 April 2012 covering an analysis of the Comba group's businesses and prospects.

It is stated in the report that UBS believes Comba is not a beneficiary of 3G or data traffic growth. It is inaccurately stated in the report that (1)
"... it (Femto) still has no successful business model in global practice and particularly not suitable for domestic use given a high price"; and (2)
"... the latter (Comba) is not capable of producing Remote Radio Units (RRU)..."

Comba clarifies that the Indoor Broadband Wireless Access System (IB-WAS) (including network gateway and Femto base station, etc.) developed by its group companies is a wireless enhancement solution based on Femto Network Architecture. IB-WAS enables the multi-mode signal access via 2G, 3G, WLAN and future LTE networks through the broadband infrastructure by mobile operators, thus coping with the rapid increase in wireless data traffic.

As per customers' request, the Comba group commenced trial operations for IB-WAS products (including TD-SCDMA and GSM) in nine provinces in the PRC, among which some of them are under the process of commercial operation. The trial result of such solutions is satisfactory.

Source:chinesestock.org

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