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Leading Mobile Operator in South Cone Continues Rollout of its Large Scale 4G Network Modernization and Expansion Project with Ceragon
Ceragon Delivers Increased Capacity, Expanded Coverage and Improved Overall Network Availability and Wins $4.9 Million in Follow-up Orders
LITTLE FALLS, New Jersey, May 18, 2016 /PRNewswire/ --
Ceragon Networks Ltd. (NASDAQ: CRNT [http://www.ceragon.com/investor_relations.asp ]),
the #1 wireless backhaul specialist, today announced that a leading mobile operator in the
Southern Cone of South America is continuing its multi-country, large scale 4G LTE
expansion and modernization project using the IP-20 Platform. Following a successful
rollout in 2015, this longstanding Ceragon customer placed follow-up orders totaling over
$4.9 million, year to date, that began shipping in Q1 2016.
The South Cone operator utilizes Ceragon's solutions for its wireless backhaul needs
across the network. Its decision to select the IP-20 Platform is based on Ceragon's proven
ability to quickly deliver 4G backhaul capacity across multiple countries and maximize
service availability.
Ceragon's FibeAir IP-20 Platform enables simple network modernization and expansion,
as well as offers the operator the shortest time to market of its 4G services, thereby
maximizing its 4G service revenue potential. The Ceragon solution additionally allows the
operator to enhance its customers' quality of experience via its exceptional high capacity
and proven reliability. With its low footprint solutions, Ceragon enables the operator to
save on site real-estate costs, which optimizes its infrastructure investment, delivers
significant CAPEX and OPEX savings, and ensures long-term scalability with ample site
headroom.
"We are pleased to receive repeat orders from this longstanding customer as it
confirms our products meet its high performance standards and allows it to achieve the
highest value" said Ira Palti, president and CEO of Ceragon. "Our advanced IP-20 Platform
is not only quick and simple to implement, but delivers ultra-high capacity at minimal
expense and with minimal service interruption as the network modernization takes place -
which is exceptional. It is rewarding to contribute to our customers' ongoing expansion
and business success."
About Ceragon Networks Ltd.Â
Ceragon Networks Ltd. [http://www.ceragon.com ] (NASDAQ: CRNT
[https://www.ceragon.com/index.php?option=com_k2&view=itemlist&layout=category&task=category&id=48&Itemid=314&lang=en ]
) is the world's #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 a 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.
Join the discussion:
https://www.linkedin.com/companies/14470
https://www.facebook.com/ceragonnetworks
https://twitter.com/Ceragon
https://www.youtube.com/user/CeragonNetworks?feature=mhum
http://www.ceragon.com/blogs/backhaulforum
Ceragon Networks(R) and FibeAir(R) are registered trademarks of Ceragon Networks Ltd.
in the United States and other countries. CERAGON (R) is a trademark of Ceragon Networks
Ltd., registered in various countries. Other names mentioned are owned by their respective
holders.Â
Safe HarborÂ
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 capital expenditures and liquidity, competitive pressures, revenues, growth
prospects, product development, financial resources, restructuring costs, 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 further
decline in revenues beyond Ceragon's expectations, the risk that Ceragon's expectations
regarding future profitability will not materialize; the risk that Ceragon will not
achieve the benefits it expects from its expense reduction and profit enhancement
programs; the risk that Ceragon will not continue to comply with the financial or other
covenants in its agreements with its lenders; risks associated with doing business in
Latin America in general and in Brazil in particular, including currency export controls
and recent economic concerns; risks relating to the concentration of our business in India,
Africa, and in developing nations, including political, economic and regulatory risks
from doing business in those regions; the risk of significant expenses in connection with
potential contingent tax liability; 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, and 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. Â Â
Â
Media Contact:Â
Matthew KriegerÂ
GK Public RelationsÂ
Tel: +1(914)768-4219Â
matthew@gkpr.comÂ
EmptyBreak:MARKERÂ
Company Contact:Â
Tanya SolomonÂ
Ceragon NetworksÂ
Tel: +972-3-543-1163Â
tanyas@ceragon.comÂ
EmptyBreak:MARKERÂ
Investor Contact:Â
Claudia GatlinÂ
Tel. +1-(212)-830-9080Â
claudiag@ceragon.comÂ
Â
Ceragon Networks Ltd
Leading Mobile Operator in South Cone Continues Rollout of its Large Scale 4G Network Modernization and Expansion Project with Ceragon
Ceragon Delivers Increased Capacity, Expanded Coverage and Improved Overall Network Availability and Wins $4.9 Million in Follow-up Orders
LITTLE FALLS, New Jersey, May 18, 2016 /PRNewswire/ --
Ceragon Networks Ltd. (NASDAQ: CRNT [http://www.ceragon.com/investor_relations.asp ]),
the #1 wireless backhaul specialist, today announced that a leading mobile operator in the
Southern Cone of South America is continuing its multi-country, large scale 4G LTE
expansion and modernization project using the IP-20 Platform. Following a successful
rollout in 2015, this longstanding Ceragon customer placed follow-up orders totaling over
$4.9 million, year to date, that began shipping in Q1 2016.
The South Cone operator utilizes Ceragon's solutions for its wireless backhaul needs
across the network. Its decision to select the IP-20 Platform is based on Ceragon's proven
ability to quickly deliver 4G backhaul capacity across multiple countries and maximize
service availability.
Ceragon's FibeAir IP-20 Platform enables simple network modernization and expansion,
as well as offers the operator the shortest time to market of its 4G services, thereby
maximizing its 4G service revenue potential. The Ceragon solution additionally allows the
operator to enhance its customers' quality of experience via its exceptional high capacity
and proven reliability. With its low footprint solutions, Ceragon enables the operator to
save on site real-estate costs, which optimizes its infrastructure investment, delivers
significant CAPEX and OPEX savings, and ensures long-term scalability with ample site
headroom.
"We are pleased to receive repeat orders from this longstanding customer as it
confirms our products meet its high performance standards and allows it to achieve the
highest value" said Ira Palti, president and CEO of Ceragon. "Our advanced IP-20 Platform
is not only quick and simple to implement, but delivers ultra-high capacity at minimal
expense and with minimal service interruption as the network modernization takes place -
which is exceptional. It is rewarding to contribute to our customers' ongoing expansion
and business success."
About Ceragon Networks Ltd.Â
Ceragon Networks Ltd. [http://www.ceragon.com ] (NASDAQ: CRNT
[https://www.ceragon.com/index.php?option=com_k2&view=itemlist&layout=category&task=category&id=48&Itemid=314&lang=en ]
) is the world's #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 a 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.
Join the discussion:
https://www.linkedin.com/companies/14470
https://www.facebook.com/ceragonnetworks
https://twitter.com/Ceragon
https://www.youtube.com/user/CeragonNetworks?feature=mhum
http://www.ceragon.com/blogs/backhaulforum
Ceragon Networks(R) and FibeAir(R) are registered trademarks of Ceragon Networks Ltd.
in the United States and other countries. CERAGON (R) is a trademark of Ceragon Networks
Ltd., registered in various countries. Other names mentioned are owned by their respective
holders.Â
Safe HarborÂ
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 capital expenditures and liquidity, competitive pressures, revenues, growth
prospects, product development, financial resources, restructuring costs, 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 further
decline in revenues beyond Ceragon's expectations, the risk that Ceragon's expectations
regarding future profitability will not materialize; the risk that Ceragon will not
achieve the benefits it expects from its expense reduction and profit enhancement
programs; the risk that Ceragon will not continue to comply with the financial or other
covenants in its agreements with its lenders; risks associated with doing business in
Latin America in general and in Brazil in particular, including currency export controls
and recent economic concerns; risks relating to the concentration of our business in India,
Africa, and in developing nations, including political, economic and regulatory risks
from doing business in those regions; the risk of significant expenses in connection with
potential contingent tax liability; 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, and 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. Â Â
Â
Media Contact:Â
Matthew KriegerÂ
GK Public RelationsÂ
Tel: +1(914)768-4219Â
matthew@gkpr.comÂ
EmptyBreak:MARKERÂ
Company Contact:Â
Tanya SolomonÂ
Ceragon NetworksÂ
Tel: +972-3-543-1163Â
tanyas@ceragon.comÂ
EmptyBreak:MARKERÂ
Investor Contact:Â
Claudia GatlinÂ
Tel. +1-(212)-830-9080Â
claudiag@ceragon.comÂ
Â
Ceragon Networks Ltd