LITTLE FALLS, New Jersey,
June 28, 2017 /PRNewswire/ --
Ceragon Networks Ltd. (NASDAQ: CRNT), the #1 wireless backhaul
specialist, today announced that, during Q2, it has received orders
totaling more than $7 million for its
IP-20 Platform and related services from a tier 1 mobile operator
in the Southern Cone of South
America. After a major 4G network rollout in 2015 and 2016,
this long-standing customer has placed orders totaling over
$12 million during the first half of
2017 to increase coverage and capacity across its large
multi-country network.
The tier 1 operator requires a wireless backhaul solution
capable of delivering ultra-high capacity that is fast to deploy
and utilizes less real-estate and spectrum resources to support the
growing need for capacity to cell sites. This additional coverage
and capacity is required in order to deliver a high-quality
experience to subscribers, reduce churn rates and support an
aggressive growth strategy through new subscriber acquisition.
With these recent orders, the operator expands its use of the
Ceragon IP-20 Platform across its multi-country, large scale 4G
network to continuously deliver innovative, high-performance
subscriber experiences through a high-capacity, scalable, and
highly- reliable network. The operator also relies on Ceragon's
fast roll out and integration services to ensure the fastest time
to market, operational efficiency and customer satisfaction.
"Our customers are valued partners," said Ira Palti, president and CEO of Ceragon. "We
continue to support the customer in fulfilling its long-term plans
to add subscribers, reduce churn and increase revenues. It gives us
great satisfaction and pride to see that so many of our long-term
customers have standardized on our products."
About Ceragon Networks Ltd.
Ceragon Networks Ltd. (NASDAQ: CRNT) is the #1 wireless backhaul
specialist. We help operators and other service providers worldwide
increase operational efficiency and enhance end customers' quality
of experience with innovative wireless backhaul solutions. Our
customers include wireless service providers, public safety
organizations, government agencies and utility companies, which use
our solutions to deliver 4G, mission-critical multimedia services
and other applications at high reliability and speed. Ceragon's
unique multicore technology provides highly reliable, high-capacity
4G wireless backhaul with minimal use of spectrum, power and other
resources. It enables increased productivity, as well as simple and
quick network modernization. We deliver a range of professional
services that ensure efficient network rollout and optimization to
achieve the highest value for our customers. Our solutions are
deployed by more than 460 service providers, as well as hundreds of
private network owners, in more than 130 countries.
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Safe Harbor
Ceragon Networks® and FibeAir® are registered trademarks of
Ceragon Networks Ltd. in the United
States and other countries. CERAGON ® is a trademark of
Ceragon Networks Ltd., registered in various countries. Other names
mentioned are owned by their respective holders.
This press release contains statements concerning
Ceragon's future prospects that are "forward-looking statements" as
defined in the Private Securities Litigation Reform Act of
1995. Such forward-looking statements are based on the
current beliefs, expectations and assumptions of Ceragon's
management. Examples of forward-looking statements include:
revenues, growth prospects, projections of gross margins, operating
and other expenses, capital expenditures, profitability and
liquidity, competitive pressures, product development, financial
resources, cost savings and other financial matters. You may
identify these and other forward-looking statements by the use of
words such as "may" "plans" "anticipates" "believes" "estimates"
"targets" "expects" "intends" "potential" or the negative of such
terms, or other comparable terminology. These
forward-looking statements are subject to risks and uncertainties
that may cause actual results to differ materially, including the
risk that Ceragon's expectations regarding future
revenues and profitability will not materialize; risks relating to
the concentration of our business in India, Latin
America, Africa and in
developing nations in other regions, including political, economic
and regulatory risks from doing business in those regions and
nations, including in relation to local business practices that
may be inconsistent with international regulatory
requirements, such as anti-corruption and anti-bribery regulations,
currency export control issues and recent economic concerns; the
risk that the business coming from our bigger customers will go
down significantly or cease, the risk that Ceragon will not achieve
the benefits it expects from its expense reduction plans and profit
enhancement programs, as may be implemented from time to time; the
risk of significant expenses in connection with potential
contingent tax liability; and other risks and uncertainties
detailed from time to time in Ceragon's Annual Report on Form 20-F
and Ceragon's other filings with the Securities and Exchange
Commission, and represent our views only as of the date they are
made and should not be relied upon as representing our views as of
any subsequent date. We do not assume any obligation to update any
forward-looking statements.
Media Contact:
Tanya Solomon
Ceragon Networks
Tel: +972-3-543-1163
tanyas@ceragon.com
Investor Contact:
Claudia Gatlin
Tel. +1-212-830-9080
claudiag@ceragon.com
SOURCE Ceragon Networks Ltd.