LITTLE FALLS, New Jersey,
August 1, 2018 /PRNewswire/
-- Ceragon Networks Ltd. (NASDAQ: CRNT), the #1 wireless
backhaul specialist, today announced that a tier 1 mobile operator
in Africa is deploying its FibeAir
IP-20 Platform and related services to modernize both its access
and backbone networks in multiple countries for 4G services. With
this modernization effort the operator is looking to accelerate 4G
connectivity to rural areas and enable economic growth in remote
cities, rural towns and villages. These areas are characterized by
extreme climates and therefore require wireless backhaul solutions
that can reliably provide 4G backhaul capacity over long distances
in harsh terrain and weather conditions.
This existing customer is replacing competitors' products
deployed in its network with Ceragon's IP-20 Platform to achieve
ultra-high capacity and support the expected significant upsurge in
capacity demand as it migrates to an advanced 4G network. So far
this year, this customer has placed orders totaling over
$7.8 million for Ceragon products and
related services for this project.
The tier 1 operator seeks to provide more services by increasing
its coverage to improve quality of life and fuel economic growth in
the region. As such, it needs to quickly modernize its access and
backbone networks from 2G and 3G to 4G. The operator is challenged
to do so in countries characterized by extreme climates, from the
hottest and driest deserts having dust and sand storms, to
tropical lands with heavy rains and flooding, making 4G wireless
backhaul extremely challenging to provide over distances of
60km.
The operator requires a solution that delivers multiple Gbps
backhaul capacity over various parts of the network, enables fast
modernization to ensure service continuity, and is operationally
efficient. With its proven experience in providing ultra-high
capacity in harsh climates, Ceragon delivers always-on 4G backhaul
for any distance. The Ceragon IP-20 Platform is a highly scalable,
fast-to-deploy, turnkey wireless backhaul solution that offers the
operator the ability to supply multiple Gbps using minimal spectrum
resources while reusing existing antennas – all to ensure fast
network modernization. Moreover, it allows the operator to reduce
backhaul-related energy consumption by up to 20%, as well as
free-up significant site real-estate for future network growth.
"As consumer demand for high speed mobile broadband in
Africa grows, Ceragon is working
closely with its African customers to help them plan, deploy and
optimize their network modernization projects," said Ira Palti, president and CEO of Ceragon. "We are
gaining market share as operators find our solutions and services
essential to effectively upgrade their networks in the most
challenging terrains and climates. We are committed to helping our
African customers drive economic growth and improve quality of life
by consistently delivering high backhaul capacity, affordably and
fast."
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 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.
Media
Contact:
|
Investor
Contact:
|
Tanya
Solomon
|
Claudia
Gatlin
|
Ceragon
Networks
|
|
Tel:
+972-3-543-1163
|
Tel. +1
212-830-9080
|
tanyas@ceragon.com
|
claudiag@ceragon.com
|
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SOURCE Ceragon Networks Ltd