Bloomberg News

Alvarion Rises Most in Four Weeks on $2 Million Angola Contract

October 05, 2011

Oct. 5 (Bloomberg) -- Alvarion Ltd. advanced the most in almost four weeks after saying it won a $2 million contract with Angola Communications Systems to install a high-speed wireless broadband network in the African nation.

The shares gained 2.9 percent, the biggest intraday gain since Sept. 8, to 3.92 shekels at 12:02 p.m. in Tel Aviv.

--Editors: Shanthy Nambiar, Peter Branton

To contact the reporter on this story: Gwen Ackerman in Tel Aviv at

To contact the editor responsible for this story: Claudia Maedler at

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