Ceragon Wins $2.7M Managed Services Contract with Colombian Mobile Operator, Leveraging Network Digital Twin
Rhea-AI Summary
Ceragon (NASDAQ: CRNT) announced a two-year managed services contract with a major Colombian mobile operator valued at $2.7 million.
The agreement covers end-to-end managed services across a multi-vendor network, including remote technical support, on-site assistance, spare management with advanced replacement, and deployment of Ceragon's Network Digital Twin for predictive and preventive maintenance. Services span all of Colombia via five subregions, each with a dedicated warehouse to speed spare-part deployment.
The contract aims to improve network availability, resilience and operational efficiency while enabling the operator to optimize operating expenditures and accelerate response to digital demand.
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News Market Reaction
On the day this news was published, CRNT declined 2.15%, reflecting a moderate negative market reaction. Argus tracked a trough of -16.7% from its starting point during tracking. Our momentum scanner triggered 23 alerts that day, indicating elevated trading interest and price volatility. This price movement removed approximately $5M from the company's valuation, bringing the market cap to $218M at that time. Trading volume was elevated at 2.2x the daily average, suggesting increased selling activity.
Data tracked by StockTitan Argus on the day of publication.
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Under the terms of the agreement, Ceragon will provide a full suite of managed services for the operator's extensive network. The scope includes remote technical support, on-site assistance, and spare management with advanced replacement services. In addition, the operator will leverage Ceragon's Network Digital Twin to enable predictive and preventive maintenance, allowing potential issues to be identified and resolved before they impact service. This comprehensive support model is critical for maintaining the high levels of network availability and quality that the operator's customers expect.
The services will cover a multi-vendor network environment that includes equipment from various suppliers. Ceragon's expertise in managing diverse network technologies ensures seamless integration and operational efficiency. The geographical coverage of the contract is extensive, spanning the entire Colombian territory through five subregions, each supported by a dedicated warehouse to facilitate rapid deployment of resources and spare parts. This strategic expansion of support infrastructure demonstrates Ceragon's commitment to delivering exceptional service quality nationwide.
"This new contract is a testament to the trust and confidence placed in our managed services capabilities," said Doron Arazi, CEO at Ceragon. "Our ability to provide end-to-end operation and support for complex, multi-vendor networks allows our customers to focus on their core business while we ensure their network infrastructure operates at peak performance. We are proud to expand our presence in
This partnership strengthens Ceragon's footprint in
About Ceragon
Ceragon (NASDAQ: CRNT) is the global innovator and leading solutions provider of end-to-end wireless connectivity, specializing in transport, access, and AI-powered managed & professional services. Through our commitment to excellence, we empower customers to elevate operational efficiency and enrich the quality of experience for their end users.
Our customers include service providers, utilities, public safety organizations, government agencies, energy companies, and more, who rely on our wireless expertise and cutting-edge solutions for 5G & 4G broadband wireless connectivity, mission-critical services, and an array of applications that harness our ultra-high reliability and speed. Ceragon solutions are deployed by more than 600 service providers, as well as more than 1,600 private network owners, in more than 130 countries. Through our innovative, end-to-end solutions, covering hardware, software, and managed & professional services, we enable our customers to embrace the future of wireless technology with confidence, shaping the next generation of connectivity and service delivery. Ceragon delivers extremely reliable, fast to deploy, high-capacity wireless solutions for a wide range of communication network use cases, optimized to lower TCO through minimal use of spectrum, power, real estate, and labor resources - driving simple, quick, and cost-effective network modernization and positioning Ceragon as a leading solutions provider for the "connectivity everywhere" era.
For more information please visit: www.ceragon.com
Ceragon Networks® and FibeAir® are registered trademarks of Ceragon Networks Ltd. in
Safe Harbor
This press release contains statements that constitute "forward-looking statements" within the meaning of the Securities Act of 1933, as amended and the Securities Exchange Act of 1934, as amended, and the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on the current beliefs, expectations and assumptions of Ceragon's management about Ceragon's business, financial condition, results of operations, micro and macro market trends and other issues addressed or reflected therein. Examples of forward-looking statements include, but are not limited to, statements regarding: projections of demand, revenues, net income, gross margin, capital expenditures and liquidity, competitive pressures, order timing, supply chain and shipping, components availability, growth prospects, product development, financial resources, cost savings and other financial and market matters. You may identify these and other forward-looking statements by the use of words such as "may", "plans", "anticipates", "believes", "estimates", "targets", "expects", "intends", "potential" or the negative of such terms, or other comparable terminology, although not all forward-looking statements contain these identifying words.
Although we believe that the projections reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations therefrom will not be material. Such forward-looking statements involve known and unknown risks and uncertainties that may cause Ceragon's future results or performance to differ materially from those anticipated, expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to: the effects of the evolving nature of the war situation in
We caution you not to place undue reliance on forward-looking statements, which speak only as of the date hereof. Ceragon does not assume any obligation to update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release unless required by law.
While we believe that we have a reasonable basis for each forward-looking statement contained in this press release, we caution you that these statements are based on a combination of facts and factors currently known by us and our projections of the future, about which we cannot be certain. In addition, any forward-looking statements represent Ceragon's views only as of the date of this press release and should not be relied upon as representing its views as of any subsequent date. Ceragon does not assume any obligation to update any forward-looking statements unless required by law.
Ceragon's public filings are available on the Securities and Exchange Commission's website at www.sec.gov and may also be obtained from Ceragon's website at www.ceragon.com.
Investor Contact:
Rob Fink
FNK IR
1+646-809-4048
Joey Delahoussaye
FNK IR
1+312-809-1087
crnt@fnkir.com
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SOURCE Ceragon Networks Ltd.