Ceragon Networks to provide wireless backhaul to Idea Cellular
Ceragon Networks Ltd. (Nasdaq:CRNT), which provides high-capacity wireless backhaul solutions, said early this morning that Idea Cellular, its long-time customer and one of India's mobile operators, is deploying Ceragon's FibeAir solutions as part of a new network expansion into India's Bihar region.
Ceragon will power Idea's network with high-capacity microwave backhaul solutions, which will allow Idea to support a greater number of mobile service subscribers. The firm says revenue from the sale is expected to top $3 million.
Shares edged up 2%, or $0.15, to $8.90 in pre-market trading. For detailed price information and recent news stories about Ceragon Networks, click CRNT.
About the Author
Reporter Jennifer Schonberger is based in SmallCapInvestor.com's Washington, D.C. bureau.
Read More
(click a star)
Enter comment: