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MTI Wireless Edge Ltd - Israel-based communication and radio frequency technology company - Says its Antenna division has received orders worth around $650,000 for its 5G backhaul antenna solution, to be supplied this quarter. Adds that the orders are from an unnamed existing customer, for deployment in India.
Dov Feiner, general manager of the Antenna division, says: ‘We have been waiting for the 5G backhaul market to accelerate its deployment and we now see more opportunities in the market. It is clear that India is going to be the most significant initial market for the solution, but we also see demand from other territories.’
Current stock price: 45.55 pence
12-month change: down 35%
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