Ceragon Networks Bags Multi-Year Managed Services Contract From US Service Provider

5G wireless transport solutions provider Ceragon Networks Ltd CRNT won a multi-year managed services agreement from a U.S. network service provider.
The financial terms of the agreement remain undisclosed.
The service provider focuses on delivering a comprehensive suite of connectivity services to enterprise customers leveraging its fiber-optic network. It recently expanded its offering to include wireless connectivity.
The service provider will utilize Ceragon's managed services to improve the performance of its newly acquired wireless network, ensuring a smooth transition and optimal management, with a preventive maintenance approach for predictable OPEX.
Price action: CRNT shares traded higher by 3.49% at $3.85 on the last check Wednesday.