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Ceragon Networks +9.1% as Indian customer boosts orders to $13M

Published 07/12/2017, 09:13 AM
© Reuters.  Ceragon Networks +9.1% as Indian customer boosts orders to $13M
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  • Wireless backhaul firm Ceragon Networks (NASDAQ:CRNT) is up 9.1% premarket on word that it's gotten more than $9M in orders in Q2 from a tier 1 multiservice firm in India.
  • That brings first-half orders to more than $13M from the longtime customer, who Ceragon says needs to accelerate its macrocell development (in a challenging Indian spectrum environment) as part of a 4G LTE expansion.
  • Ceragon says its FibeAir IP-20 approach is conserving spectrum and energy needed to deliver 1-Gbps backhaul capacity to the macrocells.
  • Now read: Barracuda Networks, Inc 2018 Q1 - Results - Earnings Call Slides


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