Ceragon Boosts Idea Cellular's Backhaul
Third Largest Mobile Operator in India Deploys Thousands of Ceragon Links
PARAMUS, N.J., Sept. 23, 2013
PARAMUS, N.J., Sept. 23, 2013 /PRNewswire/ --Ceragon Networks Ltd.
(NASDAQ:CRNT), the #1 wireless backhaul specialist, today announced that Idea
Cellular, the third largest mobile services operator in India, has selected
Ceragon to modernize thousands of wireless backhaul connections around the
country to support the data growth visualized from 3G and future technologies.
The multimillion dollar orders include Ceragon solutions and services and will
enable Idea Cellular to upgrade its TDM network and deliver advanced data-rich
services to its over 125 million customers.
"The mobile market needs in India are constantly changing, with an ever
growing need for higher bandwidth connectivity," said Anil Tandan, Chief
Technology Officer of Idea Cellular. "With the explosive growth in data demand
over the past few years, it is critical to have partners that understand the
unique challenges of our market and offer flexible solutions that can grow
over time. We believe that Ceragon is that type of partner and we look forward
to working with them to quickly and cost-effectively upgrade our existing
Microwave transmission network for tomorrow's needs."
"India is a huge marketplace for growth in high-capacity mobile infrastructure
and companies like Idea Cellular are leading the deployment of next-generation
systems throughout the region – both rurally and in urban centers," said Ira
Palti, President and CEO of Ceragon Networks. "Ceragon's expertise in
implementing flexible solutions in an array of different population densities
and terrains will be critical in reaching Idea's large footprint of customers
across India. Ceragon is committed to enabling long-term growth for
high-capacity connectivity in the region."
According to the Director General of the GSMA, India is the world's second
largest mobile market with approximately 900 million mobile connections.The
mobile penetration rate, based on connections, is currently 72% and is
forecast to rise to almost 100% by 2017.Mobile broadband adoption in India is
set to rocket over the next five years, from about 35 million mobile broadband
connections to a potential 400 million mobile broadband connections by the end
of 2017, the target date according to India's National Telecom Policy for high
availability broadband throughout the country.
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 countries.
Ceragon Networks® is a trademark of Ceragon Networks Ltd., registered in the
United States and other countries. CERAGON ® is a trademark of Ceragon
Networks Ltd., registered in various countries.Other names mentioned in this
publication are owned by their respective holders.
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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 www.sec.gov or may be obtained on Ceragon's website at
SOURCE Ceragon Networks Ltd.
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