LITTLE FALLS, New Jersey,
July 18, 2019 /PRNewswire/ -- Ceragon
Networks Ltd. (NASDAQ: CRNT), the #1 wireless backhaul specialist,
today announced that an existing Tier 1 African customer is
increasing Ceragon's share of its business as it modernizes and
expands its backbone network with the IP-20 Platform, replacing
competitor equipment. Additionally, the operator has selected
Ceragon to help grow its enterprise business by delivering
high-speed, scalable, interference-free licensed spectrum network
solutions. In support of these initiatives, Ceragon has received
orders of $3.8 million in Q2, for
both equipment and services.
Ceragon is helping the operator quickly and cost efficiently
upgrade and expand its network to 4G technology in order to achieve
nationwide coverage and further bridge the digital divide.
Ceragon's IP-20 Platform replaces the operator's legacy network
with a more powerful and efficient solution that utilizes its
existing spectrum to deliver ultra-high capacity using
significantly less radios, energy and tower space – for a lower
total cost of ownership. By leveraging Ceragon's professional
services, including installation and commissioning, the operator
benefits from even faster, first-time-right implementations that
light up 4G across the country.
To support the operator's strategy to grow and differentiate its
enterprise business, Ceragon's IP-20 Platform delivers high-speed
business connectivity using licensed microwave spectrum. This
solution offers a significant speed and reliability advantage to
the operator over its competitors, which use license-exempt
spectrum.
"Ceragon is committed to helping its African customers modernize
their legacy networks and accelerate 4G, as well as provide
enterprise connectivity to drive economic growth and prosperity,"
said Ira Palti, president and CEO of
Ceragon. "Our IP-20 Platform wireless backhaul solutions are highly
scalable, fast-to-deploy, and deliver high-capacity to support our
customers' current and future capacity demands as they prepare for
5G."
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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Ceragon Networks Ltd., registered in various countries. Other names
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Safe Harbor
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 demand,
revenues, net income, gross margin competitive pressures, order
timing, growth prospects, 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 the results of our accounting close for the 2019 second
quarter will not be as anticipated; risks relating to the
concentration of a significant portion of Ceragon's expected
business in certain geographic regions and particularly in
India, where a small number of
customers are expected to represent a significant portion of our
revenues, including the risks of deviations from our expectations
of timing and size of orders from these customers; risks associated
with any failure to effectively compete with other wireless
equipment providers; the risk that we will be unable to extend our
competitive strengths in India to
other geographic areas because of market differences and other
factors; 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:
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Investor
Contact:
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Tanya
Solomon
|
Ran Vered
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Ceragon
Networks
|
Ceragon
Networks
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Tel:
+972-3-543-1163
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Tel.
+972-3-543-1595
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tanyas@ceragon.com
|
investor@ceragon.com
|
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SOURCE Ceragon Networks Ltd.