Ceragon Networks Ltd. (CRNT: Quote), 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.
by RTT Staff Writer
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