Ceragon Networks announces $150M agreement to modernize network in India

Ceragon Networks announced it has signed an agreement with a global integrator, in support of a network modernization project for a Tier 1 Operator in India. As stipulated in the agreement, Ceragon will support a massive modernization project focused on upgrading existing network capabilities, expanding capacity, improving country-wide connectivity, and delivering services that meet, and even exceed, India’s growing needs. This brand-new customer of Ceragon will be the first to deploy its newest solutions. The agreement, valued at approximately $150M, comprises planning, product delivery and deployment services, as well as a multi-year contract for Ceragon’s Managed Services that covers day-to-day monitoring, management, and maintenance oversite of the microwave and mmW network. The actual value of the agreement may vary by an increase or decrease of up to 25%, depending upon the actual deployment requirements during project roll-out. Ceragon is expected to begin delivery and deployment of the new sites in Q2. Deployment is expected to complete within 7-9 quarters, with approximately 75% of the project value expected to be recognized in this timeframe. The remaining approximately 25% of the contract value is for Managed Services & Maintenance and is expected to start being recognized within a year from deployment, respectively. Ceragon collaborated with a large Global Integrator, that is overseeing the multi-billion network modernization project for the Tier 1 Operator. The integrator worked with Ceragon to ensure the microwave and mmW solution portion met the stringent Tier 1 Operator’s requirements. All new microwave sites will utilize Ceragon’s new ultra-compact, energy-efficient all-outdoor radio. In addition, several thousand mmW sites will be deployed using Ceragon’s E-Band product.