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Ceragon Awarded a $3.5m Follow on Order in Indochina

Ceragon receives additional orders for wireless backhaul equipment from one of the leading national mobile operators in the region

TEL AVIV, Israel, January 29, 2009 - Ceragon Networks Ltd. (NASDAQ and TASE: CRNT), a leading provider of high-capacity LTE-ready wireless backhaul solutions, today announced that it has received follow-on orders for its advanced FibeAir® all-indoor trunk solution from a leading mobile operator in one of Indochina’s emerging markets. Contributing over $3.5 million in revenue in Q4, these orders follow previous successful deployment during 2008 and further expand the carrier’s network.

Asia’s emerging markets are rapidly growing, fueled by services and subscriber take up. A recent study from Frost & Sullivan claims that the mobile services sector in emerging Asia-Pac countries (ex-China) earned revenues of US$33.27 billion in 2007. This is forecasted to reach a market size of US$61.35 billion by end-2013, at a CAGR (compound annual growth rate) of 10.7 percent (2007-2013). Growing at a CAGR of 15.1 percent (2007-2013), the mobile subscriber base is expected to hit 1.13 billion by end-2013 to account for 46 percent of Asia-Pacific’s total subscribers.

“We are extremely pleased by this large scale follow-on order form one of Indochina’s leading national carriers,” said Ira Palti, President and CEO of Ceragon. “Our advanced high-capacity wireless backhaul solutions are setting new standards in terms of spectral utilization and offer unmatched flexibility and scalability features. In doing so we enable our customers to meet the growing demand for wireless bandwidth, and allow them reach a much quicker ROI.”

Ceragon’s long haul trunk solution, FibeAir 3200T, provides high capacity connectivity using multiple STM-1, OC-3, FE or Gigabit Ethernet. This unique solution utilizes a single hardware design to support all indoor and split-mount installations, enabling the deployment of voice and data services for rapidly growing networks. The current deployment in Indochina comprises a number of links built in 8+0 configuration (8xSTM1).

About Ceragon Networks Ltd.

Ceragon Networks Ltd. (NASDAQ and TASE: CRNT) is a leading provider of high capacity wireless backhaul solutions that enable wireless service providers to deliver voice and premium data services, such as Internet browsing, music and video applications. Ceragon’s wireless backhaul solutions use microwave technology to transfer large amounts of network traffic between base stations and the infrastructure at the core of the mobile network. Ceragon designs solutions to provide fiber-like connectivity for circuit-switched, or SONET/SDH, networks, next generation Ethernet/Internet Protocol, or IP-based, networks, and hybrid networks that combine circuit-switched and IP-based networks. Ceragon’s solutions support all wireless access technologies, including GSM, CDMA, EV-DO and WiMAX. These solutions address wireless service providers’ need to cost-effectively build-out and scale their infrastructure to meet the increasing demands placed on their networks by growing numbers of subscribers and the increasing demand for premium data services. Ceragon also provides its solutions to businesses and public institutions that operate their own private communications networks. Ceragon’s solutions are deployed by more than 150 service providers of all sizes, as well as in hundreds of private networks, in nearly 100 countries. More information is available at www.ceragon.com

Ceragon Networks®, CeraView®, FibeAir® and the FibeAir® design mark are registered trademarks of Ceragon Networks Ltd., and Ceragon™, PolyView™, ConfigAir™, CeraMon™, EtherAir™, QuickAir™, QuickAir Partner Program™, QuickAir Partner Certification Program™, QuickAir Partner Zone™, EncryptAir™ and Microwave Fiber™ are trademarks of Ceragon Networks Ltd.

This press release may contain statements concerning Ceragon’s future prospects that are “forward-looking statements” under the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and projections that involve a number of risks and uncertainties. There can be no assurance that future results will be achieved, and actual results could differ materially from forecasts and estimates. These are important factors that could cause actual results to differ materially from forecasts and estimates. These risks and uncertainties, as well as others, are discussed in greater detail in Ceragon’s Annual Report on Form 20-F and Ceragon’s other filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date on which they are made and Ceragon undertakes no commitment to revise or update any forward-looking statement in order to reflect events or circumstances after the date any such statement is made.

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