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Yes, It is possible.

1) Configure the external network in Flat network type. 2) Select the external network while launching new VM. 3) Login to the terminal and configure static external IP address. (If you configure external network as Flat network with DHCP, Then ignore the step3. Since you should get the IP directly from DHCP agent. But I have not tested that scenario). 4) Reboot the VM.

Thanks, Vinoth