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Market: NASDAQ
Sector: Telecommunications Equipment
EPIC: CRNT
Latest Price: 8.35  (-0.48% Descending)
52-week High: 13.72
52-week Low: 7.27
Market Cap: 303.31M
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Ceragon Networks
www.ceragon.com

Ceragon Networks is a provider of wireless backhaul solutions, which enables cellular operators and other wireless service providers to deliver voice and data services, such as Internet browsing, music and video applications.

Full Ceragon Networks profile here
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Ceragon Networks Agrees To Supply Wireless Equipment To Russian Subsidiary of Tele2

6th Oct 2010, 8:15 pm
Ceragon Networks Agrees To Supply Wireless Equipment To Russian Subsidiary of Tele2

Ceragon Networks (NASDAQ: CRNT) announced today that it has entered a multi-year agreement to provide wireless equipment to the Russian subsidiaries of Tele2, a major telecommunication company based in Stockholm, Sweden.  The terms of the agreement were undisclosed.

Under the agreement, Ceragon will provide Tele2 Russia with the FibeAir IP-10 product, a high-capacity wireless backhaul solution, which will allow Tele2 Russia to build networks with high capacity to support data traffic requirements for services such as internet browsing, music and video applications.

The wireless backhaul solution uses microwave technology to transfer telecommunication traffic between base stations and the core of the service provider’s network.

Ceragon said shipments of the FibeAir IP-10 product are already underway.

According to Ritvars Krievs, chief technology officer of TELE2 Russia, Ceragon’s FibeAir IP-10 will help the company minimize network costs in select areas.  With about 17.3 million customers in 37 regions in Russia, Tele2 Russia is the fourth largest mobile operator in the country.

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