Ceragon Bags a Contracts Worth a Minimum of US$26 Million

- September 28th, 2018

Ceragon Networks (NASDAQ:CRNT) announced that it has signed a commercial agreements with Orocom to provide broadband connectivity in rural regions of Peru. The company said that it will deliver end-to-end carrier-grade wireless broadband networks in a contract that’s valued at US$25 million, in addition to approximately US$1 million in order it already received. As quoted … Continued

Ceragon Networks (NASDAQ:CRNT) announced that it has signed a commercial agreements with Orocom to provide broadband connectivity in rural regions of Peru.

The company said that it will deliver end-to-end carrier-grade wireless broadband networks in a contract that’s valued at US$25 million, in addition to approximately US$1 million in order it already received.

As quoted in the press release:

Ceragon expects to recognize most of the revenues from this project in the next two years.

The Peruvian Government (FITEL) chose Orocom for the deployment of transport and broadband access networks in three of six regions, using both fiber and wireless technologies. Orocom is owned by a consortium of companies, comprising telecommunications license holders as well as companies with expertise in fiber-based technologies. With a growing footprint and past experience deploying high-capacity wireless backbones for service providers in Peru, Ceragon played a major role in helping the consortium win the project by providing advisory services and the initial planning of the wireless networks for this project.

With its vast expertise in wireless networks, Ceragon will provide wireless backhaul and wireless access solutions including network design, equipment, deployment and integration services, as well as advisory services. For wireless backhaul equipment, Ceragon will provide its IP-20 Platform, which allows for a quick, scalable and reliable network rollout in challenging harsh terrains, such as the Andes mountains, overcoming microwave signal propagation challenges over the lakes and deserts of South Peru. For broadband wireless access Ceragon will provide equipment for delivering high speed internet and enterprise data services to government, healthcare, education and public safety institutions in the region.

“This project is critical to the economy of Peru as it will substantially improve connectivity among public institutions, private organizations and the general Peruvian population that lives in these rural regions,” said Ira Palti, president and CEO of Ceragon. “We are excited to have been instrumental in helping form Orocom, being selected as the principal technology partner for this project and participating in fulfilling FITEL’s requirements to secure its execution. Our global end-to-end expertise in wireless networks design, rollout and optimization will help ensure a quick and efficient network rollout with the highest availability and reliability, bridging the digital divide for millions in rural Peru.”

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