PARAMUS, New Jersey, August 12, 2014 /PRNewswire/ --
Ceragon Networks Ltd. (NASDAQ: CRNT), the #1 high-capacity wireless hauling specialist today announced that it has been selected by Andired, Colombia's leading expert service provider in rural connectivity projects, to provide high-capacity backhaul solutions as part of a new nationwide broadband network deployment. Andired invested several million dollars in this new network deployment, which will span over 1,500 km and support voice and data services with capacities ranging from 500Mbps to 3.5Gbps.
Andired Colombia is a consortium comprising Anditel S.A.S, Furel S.A., Electricas de Medellin - Comercial S.A. - Edemco, and Accion S.A. Andired has won the broadband expansion tender launched by Colombia's Ministry of Information Technology and Telecommunication (Mintic) in December 2013. The deployment is expected to complete in 2015. The network will cover 27 municipalities in the Orinoquia, Amazonia and Pacifico regions, which are not included in Colombia's National Fiber Optic Project.
The high-capacity backbone network will be based on Ceragon's cutting-edge IP-20 product line and will be operated by Andired for ten years. "This is a project of national importance as it will help to improve the quality of life for Colombians living in rural regions and enable future 4G services across the service territory," said Henry Zambrano, General Manager of Andired. "We chose Ceragon's IP-20 product line based on its technical performance, energy savings features and compact design."
"We are excited to be selected to provide our products and expertise in support of such a strategic project," said Ira Palti, President and CEO of Ceragon. "Andired is Colombia's leading expert service provider in rural Colombia and we are proud to partner with them and support them to achieve their goal of connecting millions of new users to high-speed communication services."
About Ceragon Networks Ltd.
Ceragon Networks Ltd. (NASDAQ: CRNT) is the #1 wireless hauling 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® 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 forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including risks associated with increased working capital needs, the risk that sales of Ceragon's new IP-20 products will not meet expectations, risks associated with doing business in Latin America, including currency export controls and recent economic concerns, the risks relating to the concentration of our business in developing nations, the risk of significant expenses in connection with potential contingent tax liability associated with Nera's prior operations or facilities, and other risks and uncertainties detailed from time to time in Ceragon's Annual Report on Form 20-F and Ceragon's other filings with the Securities and Exchange Commission, and represent our views only as of the date they are made and should not be relied upon as representing our views as of any subsequent date. We do not assume any obligation to update any forward-looking statements.
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