LITTLE FALLS, New Jersey,
April 24, 2019 /PRNewswire/
-- Ceragon Networks Ltd. (NASDAQ: CRNT), the #1 wireless
backhaul specialist, today announced that a Tier 1 mobile
operator in Latin America is
taking another step in expanding and densifying its 4G network in
multiple countries in Latin
America with Ceragon. Ceragon is providing the operator with
network design, rollout and optimization services using the
company's complete IP-20 Platform portfolio. The operator will
leverage Ceragon's millimeter-wave network densification solutions,
along with microwave backbone solutions to address substantial
increases in capacity demands. So far in 2019, orders placed in
support of this project total over $14
million, with over $3.5
million in additional orders from this operator for other
projects in Latin America. Ceragon
began shipping in Q1 2019 and expects these projects to be
completed during 2019.
In its largest project in the South Cone countries, the operator
leverages Ceragon's IP-20 Platform's multiband solution to deliver
multiple Gbps capacity at the highest network availability. This
solution combines microwave and millimeter-wave signals to deliver
ultra-high 4G capacity at the highest network availability to
ensure utmost network performance. It is ideal for network
densification as it allows the operator to keep up with growing
capacity demands using widely available, lower cost,
millimeter-wave spectrum, while achieving high traffic availability
rates that are typically achieved by using lower microwave
spectrum. Thus, the operator can cost-effectively deliver higher 4G
speeds, increase customer loyalty, create opportunities to increase
revenue streams and prepare for 5G.
To increase its 4G footprint by extending backbone capacity to
more rural areas in which fiber is not available, the operator
leverages Ceragon's IP-20 microwave backbone solutions. The
platform's high capacity, long-reach radios allow the operator to
quickly increase capacity across long distant backbone links. The
IP-20 Platform's multicore technology embedded in the radios,
significantly reduces the total costs of deployment and increases
the operator's operational efficiency via the Advanced Space
Diversity capability. This unique multicore capability enables the
operator to save as much as 25% of required radios, antennas and
associated rollout investments for backbone links.
"Broadband connectivity is key to regional economic development
and growth, and we are committed to helping our valued
long-standing customer extend its 4G coverage across its operations
in Latin America," said
Ira Palti, president and CEO of
Ceragon. "As the leading specialist, Ceragon helps the operator
meet its ambitious 4G expansion objectives for 2019 by accelerating
network buildout without need to depend on fiber. Through the many
years of partnership, we understand the operator's wireless network
needs and work relentlessly to design and deliver the best network
experience to help the operator meet its business goals."
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:
|
Investor
Contact:
|
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Tanya
Solomon
|
Claudia
Gatlin
|
|
Ceragon
Networks
|
|
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Tel:
+972-3-543-1163
|
Tel.
+1-212-830-9080
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tanyas@ceragon.com
|
claudiag@ceragon.com
|
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SOURCE Ceragon Networks Ltd.