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INFINERA CORPORATION

(INFN)
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Globe Telecom Upgrades Network for 5G with Infinera's Auto-Lambda Solution

09/20/2021 | 11:34am EDT

San Jose, Calif. - - Infinera (NASDAQ: INFN) announced today that Globe Telecom, Inc. (Globe), a major provider of telecom services in the Philippines, deployed Infinera's Auto-Lambda solution, featuring autotuneable optics, to upgrade its existing 4G access and aggregation networks and in anticipation of providing future 5G services. By upgrading its access network with Infinera's autotuneable optics technology, Globe can deliver more capacity on its existing network and scale to address bandwidth growth within its current network architecture while reducing both capital and ongoing operational expenses.

Globe is the leading mobile network operator in the Philippines and offers one of the largest fixed line and broadband networks in the country. With what is believed to be the industry's first widescale deployment of autotuneable optics over sophisticated amplified ring architectures, Globe is advancing innovation in its access network to address growing capacity demands while evolving its previously deployed IP network to support the increasing demands in mobile backhaul capacity for 5G. Utilizing Infinera's Auto-Lambda solution, Globe can easily plug autotuneable dense wavelength-division multiplexing (DWDM) optics directly into its existing aggregation and access nodes, allowing its network to automatically tune each of the optical signals to the appropriate wavelength, which significantly simplifies deployment while increasing capacity.

"In today's environment, our customers are always online and want unhindered access and capacity. As one of the leading telecom services in the Philippines, we seek the best technology to support our nation's connectivity needs," said Jaeson Evangelista, Head Transport Planning at Globe Telecom. "Our network requires a solution that is easy to deploy and scalable to meet the increasing capacity needs of our customers. We chose Infinera's Auto-Lambda solution because it provides the innovation and benefits our network needs, from operational simplicity and ease of deployment to cost savings and eliminating the need for new networking hardware. Additionally, Infinera's autotuneable optics provide a unique solution that enables DWDM upgrades directly into third-party devices in our network, making installation and deployment easy for our engineers."

"Globe has a rich legacy in the Philippines for its telecommunication services and providing the country with unmatched connectivity," said Nick Walden, Senior Vice President, Worldwide Sales at Infinera. "Globe's deployment of Infinera's Auto-Lambda solution highlights the benefits provided by Infinera's innovation, including autotuneable optics that provide high-capacity access and aggregation DWDM networks without an extensive overhaul to an operator's existing network infrastructure."

Contacts:

Infinera Media:

Anna Vue

Tel. +1 (916) 595-8157

avue@infinera.com

Infinera Investors:

Amitabh Passi

Tel. +1 (669) 295-1489

apassi@infinera.com

About Infinera

Infinera is a global supplier of innovative open optical networking solutions that enable carriers, cloud operators, governments, and enterprises to scale network bandwidth, accelerate service innovation, and automate network operations. Infinera solutions deliver industry-leading economics and performance in long-haul, submarine, data center interconnect, and metro transport applications. To learn more about Infinera, visit www.infinera.com, follow us on Twitter and LinkedIn, and subscribe for updates.

Infinera and the Infinera logo are registered trademarks of Infinera Corporation.

This press release contains forward-looking statements, including but not limited to the technical, financial and operational benefits of Infinera's Auto-Lambda solution and its autotuneable optics technology. These statements are not guarantees of results and should not be considered as an indication of future activity or future performance. Actual results may vary materially from these expectations as a result of various risks and uncertainties. Information about these risks and uncertainties, and other risks and uncertainties that affect Infinera's business, is contained in the risk factors section and other sections of Infinera's Quarterly Report on Form 10-Q for the Fiscal Quarter ended June 26, 2021 as filed with the SEC on August 3, 2021, as well as any subsequent reports filed with or furnished to the SEC. These reports are available on Infinera's website at www.infinera.com and the SEC's website at www.sec.gov. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies and can be identified by words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "will," and "would" or similar words. Infinera assumes no obligation to, and does not currently intend to, update any such forward-looking statements.

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(C) 2021 M2 COMMUNICATIONS, source M2 PressWIRE

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Financials (USD)
Sales 2021 1 410 M - -
Net income 2021 -93,6 M - -
Net Debt 2021 411 M - -
P/E ratio 2021 -13,7x
Yield 2021 -
Capitalization 1 510 M 1 510 M -
EV / Sales 2021 1,36x
EV / Sales 2022 1,22x
Nbr of Employees 3 050
Free-Float 98,0%
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Last Close Price 7,24 $
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David W. Heard Chief Executive Officer & Director
Nancy Erba Chief Financial Officer
George Andrew Riedel Chairman
Greg Greco Senior VP-Global Research & Development
Craig S. Cocchi Senior Vice President-Global Operations
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