Boston, MA 10/01/2014 (wallstreetpr) – Provider of wireless backhaul solutions, Ceragon Networks Ltd (NASDAQ:CRNT), disclosed that it has got follow-on orders to take the year-to-date order value to more than $50 million from international Tier 1 operator that serves 20 nations in Africa and Asia.
Follow-On Order
According to the company’s statement to the media, its Evolution Long-Haul solution would offer scope to expand the operator’s mobile reach in Africa’s eight national markets. Similarly, in Asia, its all-out-door know-how and FibeAir solutions would be utilized to both expanding the current 3G services, as well as, help the upgrade process to high-speed 4G or LTE networks.
Ceragon Networks Ltd (NASDAQ:CRNT) stated that its advanced solutions were capable of providing multi Gbps over the air and were ideal for data-driven networks of 3G and 4G/LTE. Both the platforms of Evolution and FibeAir enable quick installation besides providing a greater total-cost-of-ownership or TCO for customers over the current technologies. Therefore, it said that its customers gain from speedy coverage of huge areas very quickly apart from cost-effectiveness. Aside from this, the subscribers would also stand to gain from the extensive range of value-added services.
African Mobile Broadband
Ceragon Networks Ltd (NASDAQ:CRNT) pointed out that mobile broadband market in Africa was witnessing a rapid pace of growth. It cited Ovum, a market research organization, to suggest that mobile broadband penetration would witness a growth of more than 45% or 522 million by 2017 from a mere 12% or 95 million subscribers existed in the last year in the region.
Similarly, in Asia, which represents half of the mobile subscribers worldwide, would be adding over 1.5 billion users of mobile broadband in the same period to take the total to 2.7 billion subscribers.
Ceragon’s President and CEO, Ira Palti, said that the two key markets of Asia and Africa continue to develop at a faster rate. He said he was excited to be part of the growing international network expansion projects.
