Ceragon Networks Ltd., the global innovator and leading solutions provider of 5G wireless transport, confirms receipt of two letters from its competitor, Aviat Networks, Inc. (“Aviat”). The letters include a request to convene an extraordinary general meeting of shareholders calling for a change in the composition of Ceragon’s Board of Directors, whereby Aviat’s hand-picked nominees would constitute a majority of the Board. The letters also include an indication of interest from Aviat with respect to a potential acquisition of Ceragon.
Also Read: DotCom Therapy Launches New Wolf+Friends Mobile App, Amplifying Social Network
Ceragon’s Board of Directors in consultation with its advisors will review the letters and shall duly act in the interests of the Company and its shareholders and in accordance with applicable law.
Ceragon Networks Ltd. is the global innovator and leading solutions provider of 5G wireless transport. We help operators and other service providers worldwide increase operational efficiency and enhance end customers’ quality of experience with innovative wireless backhaul and fronthaul solutions. Our customers include service providers, public safety organizations, government agencies and utility companies, which use our solutions to deliver 5G & 4G broadband wireless connectivity, mission-critical multimedia services, stabilized communications, and other applications at high reliability and speed.
Ceragon’s unique multicore technology and disaggregated approach to wireless transport provides highly reliable, fast to deploy, high-capacity wireless transport for 5G and 4G networks with minimal use of spectrum, power, real estate, and labor resources. It enables increased productivity, as well as simple and quick network modernization, positioning Ceragon as a leading solutions provider for the 5G era. We deliver a complete portfolio of turnkey end-to-end AI-based managed and professional services that ensure efficient network rollout and optimization to achieve the highest value for our customers. Our solutions are deployed by more than 400 service providers, as well as more than 800 private network owners, in more than 150 countries