- 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.
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