Ceragon Networks (CRNT) shares rose nearly 12% in pre-market trading following a new contract announcement.
The company secured a five-year agreement worth approximately $70 million with a Tier-1 mobile operator in the Asia-Pacific region.
Ceragon will supply and deploy transport solutions to modernize the operator's nationwide 4G and 5G infrastructure.
The project scope includes Ceragon’s IP-50CX and IP-50GP products, rollout optimization, and technical support.
The agreement also includes an option for the client to add managed services.