Who plays footsie with Minister Urso on telecommunications?

2 October 20237 months ago babelfish

All the details on Cambium Networks, the only company (controlled by the American Vector fund) in the panel organized by the American Studies Center in collaboration with Open Gate Italia and the Farefuturo Foundation (chaired by the Minister of Business, Adolfo Urso)

First the pandemic and then the war in Ukraine have turned the spotlight on the importance of the telecommunications infrastructure and the vulnerabilities to which communication networks are exposed.

This is why practitioners and authorities must work together to build democratic resilience and ensure that technology helps protect and promote democratic institutions and values rather than undermine them.

All this will be discussed on October 2nd at the event "The security of European electronic communications networks: a guarantee of democracy", organized by the Center for American Studies in collaboration with Open Gate Italia and the Farefuturo Foundation, chaired by the Minister of Business and of Made in Italy Adolfo Urso (FdI). Farefuturo , we read on the site, "promotes the culture and values of the Nation, avoiding the rampant 'presentism', in the belief that maximum commitment is needed to design the future of Italy in the context of a Europe of Homelands".

Speaking on the topic of security of electronic communications networks will be: Marco Bellezza, CEO of Infratel (implementing body of the National Broadband Plan of the Invitalia group); Ettore Rosato, deputy (former Italia Viva) and secretary of Copasir; Federico Mollicone, Deputy (FdI) President of the VII Culture Commission; Matteo Gelmetti, senator (FdI), Member of the V Budget Commission; Lia Quartapelle Procopio, MP (Pd) Vice President III Foreign Affairs Commission (awaiting confirmation) and Alessio Murroni, Vice President of Sales for the EMEA region of Cambium Networks.

The latter is the only private company that will participate in the panel promoted by the CSA, the lobbying company Open Gate Italia and the Farefuturo Foundation chaired by Minister Urso. Cambium Networks is a company that offers broadband wireless equipment to businesses, government entities and telecommunications companies, having a wide range of products capable of satisfying different communication needs.

All the details.

WHAT CAMBIUM NETWORKS DOES

Since 2000, for about 10 years, Cambium Network has been Motorola's fixed wireless access division, with specific activities in the broadband, wireless and point-to-point and multi-point connections sectors. Then in 2011 there was a change in the ownership of Cambium Networks with the acquisition of Motorola Solution's WiBB (wireless broadband) business by Vector Capital, a leading private equity firm specializing in transformative investments in technology companies based in San Francisco.

In 2019, the Rolling Meadows, Illinois-based company went public.

Cambium Networks immediately boasted its own presence on the Italian market and, to confirm its operational continuity in the territory, it entrusted business development to Alessio Murroni, already commercial manager for the same product lines at Motorola Solutions. Murroni today holds the role of Vice President of Sales for the company's EMEA region.

In continuity with the past, Cambium Networks' product lines in the WiBB area also remain made up of complete Point-to-Point (PTP) and Point-to-Multipoint (PMP) solutions.

PTP solutions are known for their high reliability and level of performance: they use in particular a combination of Mimo (Orthogonal Frequency Division Multiplexing) and iDFS (intelligent Dynamic Frequency Selection) technologies which ensure maximum signal quality even with a high level of interference and not full line of sight (NLOS).

COLLABORATION WITH THE FBI IN THE USA

Last March, Cambium Networks announced its latest supply contract with the Federal Bureau of Investigation. The FBI will use Cambium Networks fixed-wireless microwave radios to support the Bureau's homeland security video surveillance program. To date and with this order, the company has installed over 160 systems for the FBI.

AND THE ONE WITH THE PA IN ITALY

Returning to our country, as we read in an interview with the company in 2020, Cambium Networks "also collaborates profitably with the PA, municipalities and state bodies. An example is the development of solutions that fall within the European WiFi4EU project . The initiative offers municipalities the opportunity to request a voucher worth 15,000 euros. The vouchers can be used to install Wi-Fi equipment in public spaces, within municipalities that do not already have a free hotspot. Since the launch of this initiative, Cambium has designed the networks of around 200 Italian municipalities".

WIFI AT THE IMOLA AUSL

In 2021 Cambium Networks, with the support of the Allnet distributor of Casalecchio del Reno, wanted to make a concrete contribution in this scenario, donating 40 E400 access points to the USL company of Imola, which also includes the territories of the Municipalities of Borgo Tossignano, Casalfiumanese , Castel del Rio, Castel Guelfo, Castel San Pietro Terme, Dozza, Fontanelice, Imola, Medicina and Mordano.

HOW CAMBIUM NETWORKS ACCOUNTS ARE GOING

Taking a look at the bottom line, the broadband network infrastructure maker reported a decline in sales in the second quarter of 2023 and cut its full-year forecast.

For the second quarter, Cambium said the economic slowdown in various parts of the world weighed on sales, which fell 14% from a year earlier to $59.5 million, below $76.6 million. dollars expected by analysts interviewed by FactSet. The company also reported a quarterly loss of $2.64 million, or 10 cents per share, compared to earnings of $2.32 million, or 8 cents per share, in the same period a year earlier.

Cambium also slashed its full-year sales and profit forecasts. The company is now targeting annual revenue of $265 million to $275 million, reflecting a year-over-year decline of 7% to 11%. In May, the company reported revenue of between $327 million and $337 million. The stock is down about 47% so far this year.

CHANGE AT THE TOP FOR CAMBIUM NETWORK

Finally, the company recently changed management. At its quarterly accounts, Cambium Networks announced that CEO Atul Bhatnagar would resign immediately. He is succeeded by Morgan Kurk, a former Honeywell executive.

This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/innovazione/cambium-networks-urso/ on Mon, 02 Oct 2023 04:15:04 +0000.