Benzinga | Jul 7, 2021 09:44AM EDT

Ceragon Networks Bags Multi-Year Managed Services Contract From US Service Provider

* 5G wireless transport solutions provider Ceragon Networks Ltd (NASDAQ:CRNT) won a multi-year managed services agreement from a U.S. network service provider.

* The financial terms of the agreement remain undisclosed.

* The service provider focuses on delivering a comprehensive suite of connectivity services to enterprise customers leveraging its fiber-optic network. It recently expanded its offering to include wireless connectivity.

* The service provider will utilize Ceragon's managed services to improve the performance of its newly acquired wireless network, ensuring a smooth transition and optimal management, with a preventive maintenance approach for predictable OPEX.

* Price action: CRNT shares traded higher by 3.49% at $3.85 on the last check Wednesday.