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Interesting Stocks To Watch - Nov. 27: CRNT

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.

by RTTNews Staff Writer

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