Wireless backhaul network equipment and services provider Ceragon Networks Ltd. (Nasdaq: CRNT; TASE:CRNT) said today that that Globacom Nigeria (Glo) will utilize Ceragon's advanced FibeAir IP-10 solution for backhauling voice and data services as part of its broadband access solutions portfolio for enterprise users.
Telecom operator Glo offers a variety of services including mobile broadband access, and voice and data access to business. The company has over 25 million subscribers in Nigeria and owns network assets in other African markets including Benin, Ghana, Ivory Coast, Senegal and Gambia.
Ceragon's solutions allow for a simple and cost efficient migration path to all-IP, high-capacity wireless backhaul networks. Ceragon president and CEO Ira Palti said, "Nigeria is one of the world's most important markets for broadband services and is currently ranked as the largest online market in Africa." Palti added that Ceragon is committed to increasing our footprint in Africa, and Nigeria in particular.
Ceragon shares closed at $9.90 yesterday, giving a market cap of $345.32 million.
Published by Globes [online], Israel business news - www.globes-online.com - on September 28, 2010
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