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Stock Market & Financial Investment News

News Breaks
January 4, 2013
08:04 EDTCRNTCeragon Networks expects major customer to require additional procedures
The equipment was installed and accepted previously by the customer pursuant to the process in place at the time. The company's assessment is that the additional acceptance procedures will shift the recognition of between $11 million and $14 million of revenue from 2012 to 2013. The company noted that collections during the fourth quarter were strong, increasing net cash by approximately $12M-$13M.
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June 29, 2015
05:34 EDTCRNTCeragon Networks announces $13M project awarded by tier-1 mobile operator
Ceragon Networks announced that a tier-1 mobile operator in the Southern Cone of South America is again deploying Ceragon's solutions in preparation for a nationwide, 4G service launch. For this project, valued at over $13M, Ceragon is upgrading and expanding the operator's 3G backhaul networks to 4G/LTE via the IP-20 platform. This long-standing Ceragon customer continually invests in expanding and upgrading the network to maintain an excellent level of service and keep up with users' growing needs. A key requirement is the ability to quickly migrate the network with no service interruption.

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