Benzinga | Mar 17, 2021 07:10AM EDT

Ceragon Announces $23M Frame Agreement With Pacific Rim Operator

LITTLE FALLS, N.J., March 17, 2021 /PRNewswire/ -- Ceragon Networks Ltd. (NASDAQ:CRNT), the global leader in wireless hauling solutions, announced today that a Tier 1 Operator in the Pacific Rim has placed a significant follow-on frame agreement with Ceragon for its flexible wireless hauling solutions, in order to transform its network towards 5G. To create a better, more connected nation, Ceragon will help the operator in expanding its urban network coverage, reliability, and speeds, as well as extend its network to rural countryside to achieve nationwide coverage. This frame agreement is valued at up to $23M throughout 2021 and 2022.

As a leader in 5G technology, the operator had launched its 5G services in major metropolitans in 2019 and currently has more than 700 sites. Ceragon enables the operator to achieve 5G modernization with reduced site build service costs. As the operator plans to deepen its network's reach, Ceragon's unique multicore technology helps it secure a fast and cost-effective path for delivering 5G capacity on sites. Ceragon will also provide the operator turnkey solutions & services that will allow a reliable delivery of essential services even in the most challenging of times, such as the recent COVID-19 crisis.