LITTLE FALLS, New Jersey,
June 20, 2018 /PRNewswire/ --
Ceragon Networks Ltd. (NASDAQ: CRNT),
the #1 wireless backhaul specialist, today announced that a tier 1
multinational mobile operator in Latin
America is continuing to deploy its FibeAir IP-20 Platform,
now incorporating the latest of Ceragon's multicore radios which
are capable of delivering twice the backhaul capacity. This network
expansion and densification phase, as well as increase in backbone
capacity connecting metro areas to one another, comes after
successful 4G network rollouts during 2015 throughout 2017, in
which this long-standing customer used Ceragon's IP-20 Platform and
professional services to provide 4G network coverage across its
large multi-country network. Orders received in 2018 to date for
products and services total approximately $19 million.
In the short term, the tier 1 operator seeks to grow its
subscriber base in several countries across the continent, and
expand the availability of its mobile broadband services in major
cities. In planning for future growth, the operator is preparing
for the introduction of ultra-high-speed Gigabit LTE, for which the
required backhaul capacity is expected to double. As such, the
operator requires a highly scalable, fast-to-deploy, turnkey
wireless backhaul solution to support the expansion and
densification of its 4G LTE network, across its access and backbone
network infrastructure.
The operator selected Ceragon for the quality of both its
product and professional service offerings as they enable the
delivery of high capacity, fast deployment with quick and
economical site acquisition, using minimal real estate and minimal
spectrum resources. Ceragon's professional services offering
includes network design, planning, rollout and optimization to
ensure the fastest time to market with first-time-right
configurations. The unique multicore technology embedded in the
IP-20 Platform, and recently made available for split-mount site
configurations, includes new radios which provide twice the
capacity, and prepares the network for Gigabit-LTE through scalable
capacity growth. It enables the operator the flexibility to double
its network capacity across all sites while conserving backhaul
spectrum, tower and roof-top related real estate. The use of
minimal backhaul spectrum not only reduces spectrum costs, but
enables the operator to ensure headroom capacity is available for
future network growth, while the use of minimal real estate
simplifies and accelerates site acquisition, in anticipation of 5G
service rollout.
"We appreciate this tier 1 operator's continued trust in Ceragon
as its wireless backhaul partner," said Ira
Palti, president and CEO of Ceragon. "With the accelerated
adoption of smartphones and mobile broadband services in key
countries across Latin America,
operators are looking to evolve their existing 4G networks to
support twice as many 4G connections by end of this decade, while
continuing to increase their operational efficiency. Ceragon helps
operators plan, deploy and continuously optimize their networks for
advanced 4G services, as well as quickly rollout 5G-ready networks,
ensuring the highest capacity and network availability targets are
constantly met."
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.
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 due to our focus on a single
market segment; risks relating to the concentration of Ceragon's
business in certain geographic regions such as India, and in other developing nations;
political, economic and regulatory risks from doing business in
those developing regions, including potential currency restrictions
and fluctuations; risks related to our ability to meet the demand
for our products due shortages in raw materials including certain
passive components; risks associated with a change in
Ceragon's gross margin as a result of changes in the
geographic mix of revenues and/or as a results of increase in costs
of raw material, including certain passive components; risks
associated with the loss of a single customer or customer group,
which represents a significant portion of Ceragon's
revenues; risks associated with Ceragon's failure to
effectively compete with other wireless equipment providers; 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.
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Investor Contact:
Claudia Gatlin
Tel. +1 212-830-9080
claudiag@ceragon.com
Media Contact:
Tanya Solomon
Ceragon Networks
Tel: +972-3-543-1163
tanyas@ceragon.com
SOURCE Ceragon Networks Ltd