Ceragon secures $70M agreement with APAC Tier-1 mobile operator
- Ceragon has signed a new five-year, approximately $70 million agreement with a long-standing Tier-1 mobile operator in the APAC region.
- The contract includes the supply of transport solutions and services to support the operator’s nationwide 4G and 5G mobile network infrastructure.
- The deal covers the deployment of Ceragon’s IP-50 series and E-band solutions, alongside the potential expansion of managed services using Ceragon Insight software.
Ceragon (NASDAQ:CRNT) has announced a new five-year agreement valued at approximately $70 million with a long-standing Tier-1 mobile operator in the Asia-Pacific (APAC) region.
The telecommunications network equipment provider will continue supplying its advanced transport solutions and services to bolster the operator’s nationwide 4G and 5G mobile network infrastructure.
Following the announcement, Ceragon's share price was trading around $2.24.
The expanded deal comprehensively covers the deployment of several of Ceragon’s key technologies, including its IP-50CX, IP-50GP, and specialized E-band solutions such as the IP-50E, IP-50EX, and IP-50EXP.
In addition to the hardware rollouts, the agreement ensures that the operator will have access to dedicated technical support resources.
Furthermore, the partnership outlines a potential expansion into managed services utilizing the Ceragon Insight software suite.
This software integration is specifically aimed at optimizing the operator's last-mile deployments, maximizing network capacity, and substantially improving overall operational visibility across the infrastructure.
