Benzinga | Sep 20, 2021 05:59AM EDT

Ceragon Networks Scoops Multi-Million Dollar Contract In Indonesia

* Ceragon Networks Ltd (NASDAQ:CRNT) won a multi-million-dollar contract to design and supply a microwave network in Indonesia.

* The contract falls under a government project to provide Internet and telecom access to rural areas in the country.

* Indonesia chose Ceragon as the primary vendor to provide the wireless transmission solutions for the 4G LTE access network.

* Ceragon's all-outdoor microwave solutions will help cost savings on site construction.

* Ceragon's Advance Space Diversity (ASD) solution will optimize the tower load speeding up the construction schedule.

* Ceragon's ASD solution requires fewer total antennas compared to other providers.

* Price Action: CRNT shares closed lower by 0.54% at $3.67 on Friday.