Singapore and San Francisco

SOMA Networks, Inc., a leading provider of last-mile broadband wireless access technology delivering multi-megabit broadband access and landline-quality voice services, today announced that it has secured $50 million in late-stage funding. Led by financial investors, Temasek Holdings Pte. Ltd.(Temasek), and Morgan Stanley Venture Partners, including participation from NeoCarta Ventures, Inc., and Endeavour Investments Limited, this round of $35 million complements $15 million of strategic financing SOMA Networks closed in late 2004. The financing has been earmarked for global expansion as the company continues to deliver on numerous commercial contracts, network expansions, and the resulting growth in both domestic and international operations.

“During the telecom downturn, SOMA Networks continued to invest heavily in enhancing the company’s industry leading broadband wireless solution,” said Pete Chung, Executive Director, Morgan Stanley Venture Partners. “The company’s focus on developing a complete wireless system that meets and exceeds customer expectations is driving impressive system performance and customer traction now that the market for broadband wireless has heated up globally. We were also impressed with SOMA Networks’ ability to support both WiMAX and HSDPA standards on the same platform to service evolving customer demand for standards-based solutions.

Temasek Holdings, a Singapore-based investment company, has significant presence in the telecom industry with direct and indirect holdings in some of the largest South-East Asian telecom companies in countries such as Singapore, Australia, India, Malaysia, the Philippines, Indonesia, Taiwan, Thailand, and Hong Kong. “We look for investment opportunities that are synergistic with our portfolio of investments. We are attracted to SOMA Network’s global opportunity, strong intellectual property, and large market potential,” commented Dennis Siew, Managing Director of Strategic Development at Temasek.

“We are pleased to have the financial backing of world-class partners like Temasek Holdings and Morgan Stanley Venture Partners as we continue to scale operations to serve the expanding global market,” said Yatish Pathak, Founder and Chief Executive Officer of SOMA Networks. “With the strong support of such distinguished financial institutions, SOMA Networks is well capitalized for continued growth in our target markets, while enabling long-term R&D initiatives to sustain and increase our technology lead.”

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About SOMA Networks

Integrating the latest advances in wireless broadband, distributed computing, and Internet technologies, SOMA Networks offers the industry’s leading “last-mile” wireless broadband system. With the SOMAä solution, service providers can quickly and profitably roll out a feature-rich package of broadband Internet access and landline-quality voice service to the residential and small-office market. Key advantages of the SOMA solution include its large cell size for quick and inexpensive market entry, multi-megabit data rates, voice capabilities, non-line-of-sight access enabling self-installation of the SOMAport™ wireless broadband gateway, subscriber self-activation of services, and the ability to support both WiMAX and HSDPA standards on a common platform. Founded in 1998, SOMA Networks has development centers located in San Francisco, California; Richardson, Texas; and Toronto and Ottawa, Ontario. For more information about SOMA Networks, visit our website at www.somanetworks.com.

About Temasek Holdings

Temasek Holdings is an Asia investment company headquartered in Singapore. It is committed to maximising long-term shareholder value as an active investor and shareholder of successful enterprises. Established in 1974, it manages a diversified global portfolio of US$54 billion, spanning Singapore, Asia and the OECD economies. Its investments are in a range of industries: telecommunications and media, financial services, property, transportation and logistics, energy and resources, infrastructure, engineering and technology, as well as pharmaceuticals and biosciences. Singapore-based Temasek-linked companies include well-known listed firms such as Singapore Airlines, SingTel, DBS Bank, SMRT Corporation and Neptune Orient Lines. Its investments overseas include ICICI Bank, Matrix Laboratories and the Apollo Hospitals group in India; Bank Danamon and Bank Internasional Indonesia in Indonesia; Quintiles Transnational Corp in the US; Hana Bank in Korea; China Power International and China Minsheng Banking Corporation in China; as well as Telekom Malaysia. For more information, please visit: www.temasek.com.sg

About Morgan Stanley Venture Partners

Morgan Stanley Venture Partners manages a group of private equity funds that invest in high growth companies, concentrating on the information technology and health care industries. Since its inception in 1986, Morgan Stanley Venture Partners has managed over $1 billion of capital commitments and has invested in over 140 emerging growth companies. For more information about Morgan Stanley Venture Partners, please visit www.msvp.com

Media Relations Contact:

Adrienne Low
SOMA Networks
+1 415 882 6524
alow@somanetworks.com