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[CERAGON LOGO]



FOR IMMEDIATE RELEASE



                       CERAGON NETWORKS ANNOUNCES WORLD'S
                  FIRST HIGH-FREQUENCY GIGABIT ETHERNET SYSTEM


     FIBEAIR(TM) 10000 MEETS GROWING DEMAND FOR HIGH-CAPACITY IP NETWORKING

        TEL AVIV, ISRAEL, FEBRUARY 15, 2001 - Ceragon Networks Ltd. (NASDAQ:
CRNT), a global provider of high-capacity broadband wireless systems for next
generation communications networks, today announced the world's first
high-frequency Gigabit Ethernet system, the FibeAir 10000.

        Ceragon's new Gigabit Ethernet system will offer service providers
state-of-the-art functionality and an ideal building block for high-capacity
wireless IP networks. The system was designed to bridge high-capacity
connections across the metropolitan area, particularly as a time-and-cost
sensitive alternative to the deployment of a fiber network. The new product's
flexibility will enable service providers to expand their IP networks
incrementally as demand increases. The FibeAir 10000 broadens the intelligent
networking capabilities of the FibeAir product family.

        Ceragon's FibeAir 10000 allows service providers to offer Gigabit
Ethernet services to their large business customers in an immediate and
cost-effective manner. Additionally, as more private networks migrate from Fast
Ethernet to Gigabit Ethernet, Ceragon's FibeAir 10000 provides high-capacity
wireless connectivity between campus buildings. This creates an ultra-high speed
Intranet network by connecting high-speed next generation Gigabit Ethernet
switches.

        "The next generation of networks will require far greater flexibility
and intelligence to manage high capacity data traffic," said Shraga Katz,
president and CEO, Ceragon Networks Ltd. "Our new FibeAir 10000 supports the
market's anticipated need and underscores our commitment to innovation and
market leadership."

        Designed in the same modular and scalable architecture as the rest of
the FibeAir product family, FibeAir 10000 provides a high-quality wireless
Gigabit Ethernet connection. The product operates across all Ceragon supported
frequency bands: 18, 23, 26, 28, 29, 31 and 38 GHz. The


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FibeAir 10000 also has the distinct advantage of enabling a single port
connection to Gigabit Ethernet, or provisioning up to 8x100Base-T Fast Ethernet
connections. Designed for deployment in multiple metropolitan applications, the
FibeAir 10000 is suitable for ultra-high capacity IP connections in wireless
metropolitan rings, high-speed access connections and private networks.

        "Ceragon, with its Gigabit Ethernet product, again pushes ultra-high
capacity networking to the edge, enabling immediate next-generation network
deployment," Katz expanded. "FibeAir's intelligent network element continues to
support multiple high-speed networks including IP, ATM, SONET and SDH."

ABOUT CERAGON NETWORKS LTD.

Ceragon Networks Ltd. is a pacesetter in broadband wireless networking systems,
enabling high-capacity connectivity in metropolitan areas. Uniquely designed for
high-growth, global communications service providers to generate immediate
revenue, Ceragon's commercially proven intelligent broadband network solutions
support high-speed Internet access and integrated data, video and voice
services. Ceragon's FibeAir product family operates across multiple licensed
frequencies from 18 to 38 GHz while complying with North American and
International standards and delivering IP, SONET/SDH and ATM broadband networks.
Ceragon's products enable quick and cost-effective connections for capacity
constrained business customers within their own networks, or as a gateway onto
the backbone infrastructure. Founded in 1996, Ceragon is headquartered in Tel
Aviv, Israel, with North American headquarters in New Jersey and European
Headquarters in the UK. . FibeAir(TM) is a trademark of Ceragon Networks Ltd.
More information is available at www.ceragon.com. Ceragon Networks - the shape
of next generation networks


Certain statements concerning Ceragon's future prospects are "forward-looking
statements" under the Private Securities Litigation Reform Act of 1995. There
can be no assurances that future results will be achieved, and actual results
could differ materially from forecasts and estimates. Important factors that
could cause actual results to differ materially from forecasts and estimates
include: Ceragon's limited operating history and history of losses; Ceragon's
dependence on a limited number of key customers, independent manufacturers and
suppliers; Ceragon's ability to increase its manufacturing capacity; and the
demand for Ceragon's products. These risks and uncertainties, as well as others,
are discussed in greater detail in Ceragon's filings with the Securities and
Exchange Commission. Ceragon makes no commitment to revise or update any
forward-looking statements in order to reflect events or circumstances after the
date any such statement is made.


Contact:       Brad Ritter
               GAJ Services Inc.
               740-363-2141
               britter@gajservices.com


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               Laura Yatim
               Ceragon Networks Ltd.
               972-3-765-7560
               laura@ceragon.com

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