Vivo Brazil Teams Up with Ceragon to Expand Nationwide LTE Deployment
PARAMUS, New Jersey, July 23, 2013
PARAMUS, New Jersey, July 23, 2013 /PRNewswire/ --
Vivo, a subsidiary of Telefonica Brazil, is the country's largest mobile
Ceragon Networks Ltd. (NASDAQ: CRNT), the #1 wireless backhaul specialist,
today announced that Vivo , a subsidiary of Telefonica Brazil, has selected
Ceragon as its wireless backhaul partner for the next phase of its nationwide
LTE network. With orders valued at over $6 million, Ceragon is supplying Vivo
with a range of short haul solutions based on its FibeAir ^® family of
products as well as a full range of turnkey services. Ceragon solutions will
help boost Vivo's network capacity as it expands and upgrades its network,
delivering a vastly improved user experience to its subscribers.
Vivo is Brazil´s largest mobile operator and offers a wide range of
telecommunication and broadband services to more than 91 million subscribers
throughout the country. Brazil is home to more than one third of all mobile
users in Latin America and the Caribbean and is the seventh country in the
world in terms of Internet usage.
"After years of working with Ceragon's solutions, we are convinced that
Ceragon has the expertise, reach and technological vision to meet Vivo's
target to achieve full LTE coverage before the World Cup in 2014," said
Leonardo Capdeville, Network Director at Vivo. "We look forward to continuing
to develop our relationship as we roll out our advanced LTE network."
"With the 2014 World Cup looming on the horizon, Brazil's operators are all
racing to deploy their LTE networks," said Ira Palti, Ceragon's President and
CEO. "Ceragon is excited to play a part in this nationwide LTE deployment and
to continue to build out the infrastructure for future growth."
The current agreement is in addition to Ceragon's global partnership with
Telefonica. Ceragon is currently active in Telefonica deployments in 6
national markets. The Telefónica Group, a global Tier-1 telecommunications
company and one of the world's leading integrated operators, offers
communication, information and entertainment solutions in 25 countries,
servicing more than 300 million subscribers.
For more information about Vivo, click here .
About Ceragon Networks Ltd.
Ceragon Networks Ltd. (NASDAQ:CRNT) is the #1 wireless backhaul specialist.
We provide innovative, flexible and cost-effective wireless backhaul and
fronthaul solutions that enable mobile operators and other wired/wireless
service providers to deliver 2G/3G, 4G/LTE and other broadband services to
their subscribers. Ceragon's high-capacity, solutions use microwave
technology to transfer voice and data traffic while maximizing bandwidth
efficiency, to deliver more capacity over longer distances under any
deployment scenario. Based on our extensive global experience, Ceragon
delivers turnkey solutions that support service provider profitability at
every stage of the network lifecycle enabling faster time to revenue,
cost-effective operation and simple migration to all-IP networks. As the
demand for data pushes the need for ever-increasing capacity, Ceragon is
committed to serve the market with unmatched technology and innovation,
ensuring effective solutions for the evolving needs of the marketplace. Our
solutions are deployed by more than 430 service providers in over 130
Ceragon Networks® and FibeAir® are registered trademarks of Ceragon Networks
Ltd. in the United States and other countries. CERAGON ® is a trademark of
Ceragon Networks Ltd., registered in various countries. Other names mentioned
are owned by their respective holders.
This press release may contain statements concerning Ceragon's future
prospects that are "forward-looking statements" under the Private Securities
Litigation Reform Act of 1995. These statements are based on current
expectations and projections that involve a number of risks and uncertainties.
There can be no assurance that future results will be achieved, and actual
results could differ materially from forecasts and estimates. These are
important factors that could cause actual results to differ materially from
forecasts and estimates. Some of the factors that could significantly impact
the forward-looking statements in this press release include the risk of
significant expenses in connection with potential contingent tax liability
associated with Nera's prior operations or facilities, risks associated with
unexpected changes in customer demand, risks associated with increased working
capital needs, and other risks and uncertainties, which are discussed in
greater detail in Ceragon's Annual Report on Form 20-F and Ceragon's other
filings with the Securities and Exchange Commission. Forward-looking
statements speak only as of the date on which they are made and Ceragon
undertakes no commitment to revise or update any forward-looking statement in
order to reflect events or circumstances after the date any such statement is
made. Ceragon's public filings are available from the Securities and Exchange
Commission's website at http://www.sec.gov or may be obtained on Ceragon's
website at http://www.ceragon.com
MediaContact: JustineSchneider CalystoCommunications
MediaContact: AbigailLevy-Gurwitz CeragonNetworks Tel:
Company&InvestorContact: YoelKnoll CeragonNetworks
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