ROSH HA'AIN, Israel - Ceragon Networks Ltd. (NASDAQ: NASDAQ:CRNT), a prominent provider of 5G wireless transport solutions, has announced a substantial agreement with a global integrator to support a network modernization project for a major Indian telecom operator. The contract, worth around $150M, will see Ceragon play a pivotal role in enhancing network capabilities and expanding capacity across India.
The project, which marks the first deployment of Ceragon's latest ultra-compact, energy-efficient radio technology, includes planning, product delivery, and deployment services. Additionally, it features a multi-year managed services contract for the maintenance and oversight of the microwave and millimeter wave (mmW) network. Ceragon expects to begin the rollout of new sites in the second quarter of 2024, aiming to complete the deployment within 7 to 9 quarters. About 75% of the project's value is anticipated to be recognized during this period, with the remainder attributed to managed services and maintenance starting within a year of deployment.
Ceragon's collaboration with the global integrator addresses the stringent requirements of the Tier 1 Operator's network modernization, which is part of a multi-billion-dollar initiative. The new microwave sites will utilize Ceragon's innovative all-outdoor radio, and several thousand mmW sites will be equipped with Ceragon's E-Band product.
Doron Arazi, CEO of Ceragon, expressed enthusiasm for the project, highlighting the company's reputation as an innovative and reliable partner in the wireless transport sector. He emphasized the importance of the project in meeting the connectivity needs of India's population.
The agreement's final value may vary by up to 25%, depending on actual deployment requirements during the project rollout.
This news is based on a press release statement from Ceragon Networks Ltd.
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