Paramus, New Jersey, March 12,2012 - Ceragon Networks Ltd. (NASDAQ: CRNT), the #1 wireless backhaul specialist, today announced a new $6 million USD contract with Globacom Nigeria (Glo) for Ceragon’s high-capacity wireless backhaul solutions and professional services in Nigeria. Ceragon will manage the end-to-end deployment of its field-proven FibeAir IP-10 and Evolution IP Long-Haul systems throughout Nigeria, expanding upon the original network Ceragon developed for Glo in 2010. Glo is the second largest mobile operator in Nigeria serving approximately 25 million subscribers, and is Africa’s fastest-growing telecommunications company.
As part of the Glo deployment, Ceragon will provide backhaul for Glo’s 2G/3G infrastructure network in Lagos. The network modernization will expand the traffic capacity of Glo’s 3G network, while providing legacy 2G TDM support. Subscribers that have had limited or no mobile access will now be able to connect to the expanded network through the Ceragon wireless backhaul deployment.
“Ceragon has always provided us with the optimum mix of great solutions, superior professional services and fast time to market,” said Mike Jitubo, Executive Director of Special Projects at Globacom. “When selecting a vendor for this expanded network coverage, it was a natural choice for us to continue working closely with Ceragon. We look forward to an ongoing successful relationship as we continue our network expansion throughout Africa.”
“Our experience and expertise as the #1 wireless specialist teaches us that it’s not just about the radios and antennas but also about lowering our customer’s total cost of ownership (TCO) and facilitating a faster time to new revenue (TTR),” said Ira Palti, President and CEO of Ceragon. “With this approach, Ceragon is able to offer operators more capacity under any given network scenario for any network budget. We’re honored to partner with a leading telecom provider like Globacom to serve the connectivity needs of the Nigerian market.”
About Globacom Limited
Globacom Limited is Africa's fastest growing telecommunications company. Glo is currently the second largest mobile operator in Nigeria serving approximately 25 million subscribers. Owned by the Mike Adenuga Group, Globacom is the market leading mobile service provider in Nigeria. Globacom also operates in the Republic of Benin and has recently acquired licenses to operate in Ghana and the Ivory Coast. It has a reputation as one of the fastest growing mobile service providers in the world. Globacom Limited aims to be recognized as the biggest and best mobile network in Africa.