EFTA Document EFTA01453090

2 March 2014 Wireless Equipment Signals to Noise (S2N) ongoing 4G small cell rollouts) at the major US and rest of world telcos - with Ciena noting that appx 50% of cell towers are lit by fiber - suggesting to us that there is appx a +30% runway remaining for "fiberization" of the radio access and metro aggregation network. We provide our preview of Ciena's upcoming quarterly results in a separate note. Mavenir: Our MWC conversations with Mavenir senior management noted a positive view