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Wireless infrastructure equipment provider Starent Networks announces terms

May 18, 2007

Starent Networks, which provides infrastructure enabling mobile operators to offer multimedia services, announced the terms of its upcoming IPO on Friday. The company plans to offer 10.5 million shares, including 1.5 million from selling shareholders, at a price range of $9.00 to $11.00. Goldman Sachs and Lehman Brothers are the bookrunners on the deal.