Ceragon Networks (CRNT) has released an update.
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Ceragon Networks Ltd. has successfully negotiated a debt settlement agreement with a South American customer, receiving $4M upfront and expecting an additional $12M in installments. This settlement resolves an arbitration dispute and includes the customer waiving all claims against Ceragon and its subsidiaries. The agreement marks a positive financial recovery, as the debt was previously written off in Q4 2022.
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