LITTLE FALLS, New Jersey,
November 27, 2017 /PRNewswire/ --
Ceragon Networks Ltd. (NASDAQ: CRNT), the #1 wireless backhaul
specialist today announced that its IP-20 Platform is being
deployed by Bitel, a subsidiary of Vietnamese telco Viettel Group,
to quickly extend its LTE network footprint and provide
uninterrupted connectivity to a population of half a million people
in the isolated jungles of Iquitos. This project is aimed at
increasing Viettel Peru's subscriber base and enabling it to lease
capacity in Iquitos to other service providers.
Viettel Peru utilizes Ceragon's solutions and services for its
backbone capacity. With this recent project, Viettel will upgrade
its network capacity to provide uninterrupted connectivity to
subscribers, by increasing backbone capacity from 1.2 Gbps to 3.2
Gbps. As part of this project, Viettel Peru will implement
Ceragon's IP-20 Longhaul solutions to quickly provide high speed
Internet services to Iquitos, which has very large and difficult
rural terrain characterized by vast jungles and rivers.
"Viettel is committed to providing its customers uninterrupted
services and we see Ceragon as our strategic partner," said Mr. Huy
Minh The, Viettel Peru's Vice Director. "Ceragon helps us not only
enhance our existing customers' quality of experience by providing
high speed connectivity, but also improve the quality of life for
people that currently have limited, or no connectivity. We plan to
aggressively grow our market share in Peru by quickly and reliably extending our
network coverage to new areas - and Ceragon helps us do that."
"We take pride in our work with Viettel Peru to enable
communication services to areas that have been long underserved,"
said Ira Palti, President and CEO of
Ceragon. "Our longhaul solutions have been successfully rolled out
in the most challenging terrains worldwide. We understand the
importance of resiliency in backbone networks, and provide a No
Single-Point-of-Failure architecture - enabling Viettel to deliver
on its promise of uninterrupted services to its customers. We are
confident our solutions will enable Viettel Peru to grow its
business, providing more capacity and more services to more
customers."
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
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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.