Alvarion wins $2m Angola contract

The high-speed wireless broadband network is for business and public sector customers in the capital, Luanda.

Alvarion Ltd. (Nasdaq: ALVR; TASE: ALVR) has won a $2 million order by MSTelcom unit Angola Communications Systems for its BreezeMAX Extreme high-speed wireless broadband network. The system is intended for business and public sector customers in the capital, Luanda.

Alvarion president and CEO Eran Gorev said, "Expanding beyond a traditional carrier model, service providers like ACS are enabling both rural and urban Africa to move forward at a rapid pace."

Alvarion's share price fell 1% on Nasdaq yesterday to $0.99, giving a market cap of $61 million, and fell 0.6% in early trading on the TASE today to NIS 3.74.

Published by Globes [online], Israel business news - www.globes-online.com - on October 5, 2011

© Copyright of Globes Publisher Itonut (1983) Ltd. 2011

5 Comments
View comments in rows
Update by email about comments talkback
POST
Comments
Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018