Ceragon Networks signed an agreement with a global integrator, in support of a network modernization project for a Tier 1 Operator in India.
This brand-new customer of Ceragon will be the first to deploy its newest solutions. 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.
The agreement, valued at approximately $150 million, 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 (millimeter wave) network.
Ceragon notes that 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 of 2024. 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.
Doron Arazi, Ceragon CEO, commented, "The scale and scope of this project reaffirms Ceragon's strong brand recognition as an innovative and trustworthy partner in the wireless transport space. We are excited to take part in providing the citizens of India with the future-friendly connectivity they need."
