Ceragon Networks Ltd. (CRNT), a provider of wireless backhaul solutions, hops on our radar, after announcing long-term equipment and services orders worth $28 million from two large customers in sub-Saharan Africa. The repeat orders expand the company's footprint into Sub-Saharan Africa, a fast-growing mobile market.
Ceragon's Wireless backhaul solutions enable mobile operators and other wired/wireless service providers to deliver 2G/3G, 4G/LTE and other broadband services to their subscribers.
The company says both orders are from existing customers, who have already successfully deployed large scale high-capacity wireless backhaul networks throughout the sub-region, based on Ceragon's Evolution and FibeAir solutions.
Ceragon cites a report from GSMA that says sub-Saharan Africa is the fastest-growing mobile market in the world, with an average annual growth rate of 44% since 2000, with mobile connections jumping to 475 million, from 12.3 million fixed line connections, representing the highest proportion of mobile versus fixed line connections globally.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.