LITTLE FALLS, New Jersey,
July 12, 2017 /PRNewswire/ --
Ceragon Networks Ltd. (NASDAQ: CRNT), the #1 wireless backhaul
specialist, today announced that, during Q2, it has received orders
totaling more than $9 million for its
IP-20 Platform and related services from a tier 1 multiservice
operator in India. This
long-standing customer has placed orders totaling over $13 million during the first half of 2017 to
increase 4G LTE network capacity and enhance subscriber experience
across the nation.
The tier 1 operator needs to accelerate macrocells deployment to
provide more capacity in order to meet its subscribers' growing
demands and achieve better coverage - both key to ensuring a
competitive service. To cope with limited fiber availability to
macrocells, the operator is accelerating wireless backhaul rollout
- a challenging mission in spectrum-congested India, using FibeAir IP-20 multicore
technology. With FibeAir IP-20, the operator uses as little as one
quarter of the spectrum otherwise needed to deliver 1Gbps backhaul
capacity to 4G macrocells and earns the added benefit of reducing
energy consumption.
"India is experiencing a
dramatic rise in wireless data usage and internet penetration
rates, coupled with fierce competition for market share among
operators," said Ira Palti,
president and CEO of Ceragon. "This is accompanied by the rapid
decline in wireless and internet data costs over the past several
years, allowing a very large part of the population to cross the
digital divide. These factors pose significant challenges,
depending on the carrier's unique position in the market. The scope
of our success in India can be
attributed to our ability to meet a wide variety of scenarios. We
are working together with this customer to rapidly expand capacity
and improve existing coverage, while also ensuring the most
efficient use of backhaul spectrum and significantly reducing
operational costs."
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:
projections of revenues, net income, gross margin, capital
expenditures and liquidity, competitive pressures, growth
prospects, 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 risks associated
with a decline in revenues; the risk of a decrease in
the amount of business coming from a certain geographic region,
from which a significant portion of Ceragon's
business is generated; the risk associated with the a change in
Ceragon's gross margin as a result of changes in the
geographic mix of revenues; the risk associated with the loss of a
single customer or customer group, which represents a significant
portion of Ceragon's revenues; the risk associated
with Ceragon's failure to effectively compete with
other wireless equipment providers; the risk relating to the
concentration of Ceragon's business in India, Latin
America, Africa, and in
developing nations and the political, economic and regulatory risks
from doing business in those regions, including potential
currency restrictions; 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
that 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.