LITTLE FALLS, New Jersey,
April 10, 2019 /PRNewswire/ --
Ceragon Networks Ltd. (NASDAQ: CRNT), the #1 wireless backhaul
specialist, today announced that it was selected by MUNI S.A, a
mobile operator in Equatorial
Guinea, to modernize and expand its network to deliver 4G
services covering the country's mainland and its island
capital. With this project, MUNI S.A aims to achieve nationwide
mobile broadband service coverage and bridge the digital divide for
the people on its remote island capital. In support of this goal,
Ceragon has deployed the longest known microwave backhaul link,
extending over 240 Km over the Gulf of Guinea. This project is valued at $3.4 Million, with shipments commencing in Q1
2019. Ceragon expects this project to be completed within 2019.
MUNI S.A challenged Ceragon to deliver much awaited 4G
services to the islands' over 330,000 residents, and connect the
island to the mainland – a huge task considering the long
distance involved. Ceragon met the challenge by successfully
deploying a 4G longhaul microwave link spanning an impressive 240KM
over the Gulf of Guinea, from the
mainland shore to the island. Typical microwave longhaul links only
span as far as 50 - 70km. The IP-20 Platform
delivers reliable and durable 4G backbone capacity over sea
water and challenging climates, such as those present in
Africa's tropical ocean seashore,
and excels in overcoming harsh high frequency microwave
signal propagation challenges in these conditions. Having
deployed thousands of wireless backbone links from islands to shore
for numerous service providers worldwide, Ceragon's
skilled professional services and network rollout teams were
well prepared to meet MUNI S.A's challenge and set a record-long
operational 4G backbone microwave link. With Ceragon, MUNI S.A is
able to ensure a high quality of service 4G network that
utilizes significantly less resources, such as
energy consumption and real estate on towers — all of
which are key when deploying a network in a resource-scarce African
landscape.
"We are delighted to have partnered with Ceragon Networks to
transition our 2G/3G services to 4G," said Oumar Bonkoungou, CEO at
MUNI S.A. "Ceragon has successfully met our challenge in order
to provide high speed 4G wireless backbone between our country's
island capital and the mainland. With this remarkable achievement,
we can also increase our subscriber base and improve our 4G
services to our customers in the 2 largest cities of the
country."
"Ceragon is proud to have been selected to help light up a 4G
mobile broadband network for the people of Equatorial Guinea," said Ira Palti, President and CEO of Ceragon. We are
happy to be part of the initiative to bridge the digital divide to
a significant part of the population that has been waiting for
mobile broadband services in the country's island capital. This
accomplishment is a testament to the quality of our professional
services and deployment teams, and of course our leading wireless
backhaul technology. With a current mobile penetration rate of only
60%, Equatorial Guinea has great growth potential, and Ceragon
is pleased to enable MUNI S.A to provide nationwide connectivity
and expand its customer base."
About Ceragon Networks Ltd.
Ceragon Networks Ltd. (NASDAQ: CRNT) is the #1 wireless backhaul
specialist. We help operators and other service providers worldwide
smoothly evolve their networks towards 5G, while increasing
operational efficiency and enhancing end customers' quality of
experience, with innovative wireless backhaul solutions. Our
customers include wireless service providers, public safety
organizations, government agencies and utility companies, that use
our solutions to deliver mission-critical multimedia services and
other applications at high reliability and speed.
Ceragon's unique multicore technology and wireless backhaul
solutions provide highly reliable, 5G high-capacity connectivity
with minimal use of spectrum, power and other resources. Our
solutions enable 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. Ceragon's 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
relating to the concentration of Ceragon's business in certain
geographic regions and particularly in India, risks associated with a decline
in demand from the single market segment on which we
focus; risk relating to certain guarantees
granted by Ceragon on behalf of Orocom to FITEL, in the framework
of the FITEL project; risks associated with any failure to
effectively compete with other wireless equipment providers; risks
associated with a change in our gross margin as a result of changes
in the geographic mix of revenue; risks related to the fact
that our operating results may vary significantly from quarter to
quarter and from our expectations for any specific period; risks
related to our ability to meet the supply demands of our customers
in a timely manner due to the high volatility in their supply
needs; risks associated with difficulties in obtaining
market acceptance of newly introduced product; risks
associated with technical difficulties that may be discovered in
newly developed products; 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
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SOURCE Ceragon Networks Ltd