Nera Networks wins NOK 45 million contract with major South American operator
(Thomson Reuters ONE) -
Nera Networks has signed a contract with a major telecom operator in South
America. The contract is for delivery of Evolution Series (TM) microwave radios
and services for 270 hops, and 121 upgrades. The estimated contract value is NOK
45 million, and delivery is expected to take place in 2(nd) quarter 2010.
"This contract is further proof of the flexibility and versatility of the
Evolution Series platform. Our deliveries will both increase the transmission
capacity in our customer's network and facilitate migration from existing
circuits into Ethernet/IP," says Nera Networks CEO Per Arne Henæs.
In addition to the microwave radios, Nera Networks will also deliver antennas
and installation material. Services include commissioning, installation and
engineering.
The Americas accounted for more than 40 percent of revenue in Nera Networks in
2009, and almost half the revenue in the final quarter of the year. The largest
markets in South America are the main growth contributors.
"We have established long-term customer relationships with several of the
leading telecom operators in the region, and take the award of this contract as
a confirmation of our solid standing in a market that offers growth
opportunities," says Henæs.
For further information, please contact:
Pål Skistad, CFO Eltek ASA, tel: +47 9085 0378
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1393782]
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Datum: 15.03.2010 - 03:56 Uhr
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