LITTLE FALLS, New Jersey,
Aug. 1, 2019 /PRNewswire/ -- Ceragon
Networks Ltd. (NASDAQ: CRNT), the #1 wireless backhaul specialist,
today announced that India's
largest operators continue to rely on its IP-20 Platform and
professional services to achieve nation-wide 4G coverage and
network densification. Ceragon has received follow-on orders
totaling over $19 million to support
India's rapidly growing data
demands. Shipments for these orders will commence in Q3, with most
of the related revenues expected to be recognized in the third
quarter. The remainder is expected to be recognized before the end
of 2019.
These Tier 1 India operators aim to deliver the highest 4G
coverage and service capacity, targeting 100% population coverage.
They require a wireless backhaul partner that can support extremely
large-scale network rollouts and commissioning, as well as capacity
ramp-up.
Ceragon's IP-20 Platform and turnkey network rollout services
simplify network expansion and densification enabling nation-wide,
complete 4G service coverage at the shortest time to market,
maximizing the operators' 4G service revenue potential.
Ceragon's compact all-outdoor wireless backhaul radios enable
ultra-fast deployment. These low footprint solutions, allow the
operators to save on site real-estate costs, optimizing their
infrastructure investment, delivering significant CAPEX and OPEX
savings, and ensuring long term scalability. As capacity demands
surge, the IP-20 Platform supports quick and simple capacity
ramp-ups with no service interruption via its unique multicore
capabilities, allowing operators to instantly upgrade backhaul
capacity to 1Gbps and beyond, with no additional hardware or any
site visits.
"Over the past 5 years, Ceragon has supported India's intensive 4G rollout. Our solutions
are deployed nation-wide, enabling India's operators to provide ultra-fast,
innovative 4G service via exceptional high capacity and proven
reliability. We are excited to continue supporting India's ongoing network expansions and
densification efforts", said Ira
Palti, president and CEO of Ceragon. "During the second half
of 2019, we expect to receive additional orders that are part of
the group of orders delayed versus our original
expectations. All of the country's operators are preparing for
the 5G spectrum auctions, which are planned for early next year,
and we believe this may be affecting the purchasing process in
addition to the other factors mentioned previously. As part of
their efforts, we are working with our customers to differentiate
their value offering on 5G networks by delivering outstanding
customer experiences and increasing subscriber loyalty."
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
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:
Tanya Solomon
Ceragon Networks
Tel: +972-3-543-1163
tanyas@ceragon.com
Investor Contact:
Ran Vered
Ceragon Networks
Tel. +972-3-543-1595
investor@ceragon.com
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SOURCE Ceragon Networks Ltd