Press Release

Redback to Provide Broadband Services for up to 2.5 Million Broadband Subscribers for BSNL of India

SAN JOSE, Calif., December 3, 2007 – Redback Networks, an Ericsson company (NASDAQ: ERIC) that makes video-centric routers for 75+ percent of the world’s largest triple-play networks, today announced that Bharat Sanchar Nigam Ltd (BSNL) of India will use Redback’s SmartEdge® family of multi-service edge routers to deliver broadband services for up to 2.5 million business and residential users.

Under the new deal, BSNL plans to deploy Redback’s SmartEdge® 800 multi-service edge routers for multiple broadband services to more than 200,000 broadband customers in Bangalore and Chennai, India.  By the end of 2007, Redback will help BSNL add more than 2.5 million broadband subscribers.  Over the next three years, BSNL hopes to sign up to six million broadband subscribers, making it one of the top 20 broadband DSL providers worldwide.  Separately, Redback manages more than 50 percent of India’s 2.4+ million fixed broadband subscribers.

“We thank BSNL for selecting Redback,” said Herve Brunet, vice president of sales and operations in Asia for Redback Networks.  “India is one of the largest growth opportunities for Redback in Greater Asia, and we are pleased that Redback and Ericsson can help BSNL deliver broadband, voice, and video services over a full service broadband network.”

BSNL is the seventh largest telecommunications company in world, with more than 70 million wire-line and wireless subscribers.  BSNL generated more than $8 billion in revenues last year and reported more than $2.26 billion in net income.  

Separately, Redback announced the hiring of Krishna Kumar Peringhat as a South Asia Country Manager.  Peringhat was previously with UTStarcom India Telecom (Pvt) Limited, where he held different sales and product management leadership positions.  He also previously worked in sales and product management for Nortel Networks, in both India and the United States.

About Redback Networks

An Ericsson company since January 2007 (NASDAQ: ERIC), Redback Networks Inc. manages 63 million broadband subscribers for more than 75 percent of the top 20 telephone carriers worldwide.  Redback’s multi-service routing platform delivers next generation broadband services such as VoIP, IPTV, On-Demand Video, and on-line gaming. Redback Networks has more than 500 carrier customers worldwide and is based in San Jose, CA.  For more information, visit Redback Networks at www.redback.com.

Doug Wills (Media & Analysts)
Redback Networks
+1-408-750-5038 (w)
+1-650-703-5997 (m)
dwills@redback.com

About Ericsson
Ericsson is shaping the future of Mobile and Broadband Internet communications through its continuous technology leadership. Providing innovative solutions in more than 140 countries, Ericsson is helping to create the most powerful communication companies in the world.
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Note:  Redback and SmartEdge are registered trademarks of Redback Networks Inc.