Ceragon Networks Scoops Multi-Million Dollar Contract In Indonesia

  • Ceragon Networks Ltd 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.
Market News and Data brought to you by Benzinga APIs
Posted In: NewsPenny StocksContractsSmall CapTechBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!