Monaco Telecom

Affiliate of Cable & Wireless to Foster Personal Broadband Services

Monaco, January 2008 — Monaco Telecom, a Cable & Wireless affiliate, today announced it is working with Alvarion Ltd. (NASDAQ: ALVR), Cisco® and Nokia (NYSE:NOK) to establish a Center of Excellence on Mobile Worldwide Interoperability for Microwave Access (WiMAX) in the Principality.

This initiative between all four companies will demonstrate the mobility and high-speed features of Mobile WiMAX 802.16e-2005. This new technology will allow customers to enjoy a seamless service and move freely while using Voice over Internet Protocol (VoIP), streaming video and other Internet applications. This capability allows the network to move with the customer – enabling true mobility and improving the experience of the user.