Paramus, New Jersey, August 30, 2010 – Ceragon Networks Ltd. (NASDAQ: CRNT), the provider of high-capacity, 4G/LTE-Ready wireless backhaul networks, today announced that it has received new orders for its advanced FibeAir® platforms from a leading Indian operator. Ceragon’s equipment will be deployed in a number of circles to facilitate the operator’s network expansion.
“We are very happy to see that the regulatory process related to security considerations in India is in place and orders are beginning to be released by operators as they receive clearance from the Indian government,” said Ira Palti, President and Chief Executive Officer of Ceragon. “We expect revenue from the current orders to be recognized during 2011, while continuing to target revenue growth in the range of 30-35% for 2010.”
With more than 110 million users added in the first half of 2010, India’s mobile subscriber-base has grown to over 635 million. According to the Telecom Regulatory Authority of India (TRAI) more than 94% of telephony services in India are passed over wireless networks.
Ceragon is an important player in India’s expanding wireless backhaul market. The company’s advanced hybrid (IP/TDM) and all-IP solutions are used by most of India’s leading mobile operators to provide vital, high quality and high-capacity connectivity.