Wireless backhaul specialist Ceragon Networks Ltd. (Nasdaq: CRNT; TASE:CRNT) saw its share price rise 8% on Nasdaq yesterday after announcing a new contract win. The company did not disclose the name of the customer or the size of the deal today It did say that its IP-20 platform had been selected by a large mobile telecommunications service provider for a variety of projects in multiple regions.
Ceragon added that its versatile IP-20 platform is addressing diverse requirements, including a mobile network backbone, as well as security and enterprise connectivity. Ceragon has previously shipped over $7 million worth of IP-20 equipment to this customer, primarily during the second half of 2014 - mainly for a wireless backbone network in the Caribbean to support high quality user experience over 4G/LTE and LTE-A services - all with a fast and simple network modernization and expansion program.
Ceragon president and CEO Ira Palti said, "Being selected by this customer to address its diverse needs across several regions, once again demonstrates that our IP-20 platform is the solution of choice for the most demanding operators looking for ultra-high capacity, highly reliable, and future proof networks for a variety of hauling applications. We have received additional orders from this valued customer in the first quarter, and we look forward to supporting their variety of wireless backhaul needs as they continue expanding rapidly."
The company has a market cap of $65 million.
Published by Globes [online], Israel business news - www.globes-online.com - on February 4, 2015
© Copyright of Globes Publisher Itonut (1983) Ltd. 2015