T1 class business Internet Provider chooses Ceragon for pre-WiMAX network

Ceragon Networks® provides IP Backhaul Solution
for Covad Wireless’s WiMAX-featured Network

California’s largest WISP uses FibeAir 1500P to extend carrier-class Internet service

TEL AVIV, Israel, February 2, 2006 - Ceragon Networks Ltd. (NASDAQ: CRNT), www.ceragon.com, a global provider of high-capacity broadband wireless systems, today announced the successful deployment of Ceragon’s FibeAir 1500P for the IP backhaul connectivity of Covad Wireless’s pre-WiMAX network. Covad Wireless’s carrier-class fixed wireless broadband network services are available to over 200,000 business locations in more than 175 cities throughout California and Nevada.

“After extensive testing of the major microwave companies’ latest offerings, we found that Ceragon’s native IP solution based on FibeAir 1500P was the best performer in both hardware and software and was the best overall solution for Covad Wireless’s growth plans”, said Mr. Sam Metri, Covad Wireless’s Vice President of Network Engineering. “Ceragon’s field proven products with Fast Ethernet capabilities provide us with the flexibility and scalability to accommodate increasingly complex applications for a growing number of subscribers at the highest level of quality”.

The FibeAir 1500P with direct IP interface will be used to efficiently connect Covad Wireless’s pre-WiMAX base stations to their regional operations centers. Ceragon’s Fast Ethernet interfaces are optimized for IP traffic with ultra low latency and full throughput and are ideal for delay-sensitive applications, such as voice and video over IP.

“This selection validates Ceragon’s market-leading position and builds on the growing success of Ceragon’s flagship FibeAir 1500P as an optimal solution for WiMAX backhaul”, said Ira Palti, President and CEO, Ceragon Networks Ltd. “Our carrier class solution provides WISPs with the most efficient wireless transmission network by offering better cost efficiency and scale to manage the ever-growing capacity requirements”.

Covad Wireless’s backhaul network is based on licensed frequencies of 11, 18 and 23 GHz band and uses ring topology for full traffic redundancy. The company will also deploy Ceragon’s radios to replace some of their existing unlicensed links with higher capacity licensed links.

About Covad Wireless
Covad Wireless, Inc. is California’s largest fixed-wireless Internet service provider for business, providing high-speed service over its carrier-class pre-WiMAX network to 3,000 enterprise customers. The company has pioneered the largest VoIP over Wireless deployment of its kind. Covad Wireless was named number 104 on the 2005 Inc. 500 list, and also has been named a fast growth company by all three leading Bay Area business journals – the second consecutive year the company has been so honored. Covad Wireless’s service is available to over 200,000 business locations in more than 175 cities throughout California, including San Francisco, San Jose, Los Angeles, and Orange County; as well as Las Vegas, Nevada. Covad Wireless is profitable and is backed by strategic investors including Asset Management Partners, Cedar Grove Investments, Kaiser Permanente, Monet Capital, Saints Capital, Sage Venture Partners and Sunsino Venture Group. Additional company information is available at http://covadwireless.nextweb.net/.

On October 5, 2005 Covad Wireless announced it had signed a definitive agreement to merge with Covad Communications Group, Inc. (AMEX: DVW), a leading national provider of integrated voice and data communications. The transaction is subject to customary closing conditions, including the approval of Covad Wireless’s stockholders.

About Ceragon Networks Ltd.
Ceragon Networks Ltd. (NASDAQ and TASE: CRNT), a pacesetter in broadband wireless networking systems, enables rapid and cost-effective high-capacity network connectivity for mobile cellular infrastructure, fixed networks, private networks and enterprises. Ceragon’s modular FibeAir® product family operates across multiple frequencies, supports integrated high-capacity services over SONET/SDH, ATM and IP networks, and offers innovative built-in add/drop multiplexing and encryption functionality to meet the growing demand for value-added broadband services. Ceragon’s FibeAir product family complies with North American and international standards, and has been installed for more than 150 customers in more than 60 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™, CeraMap™, 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. 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; and the demand for Ceragon’s products and technology. 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.

Ceragon Company Contact:
Monique Cohen
Ceragon Networks Ltd.
+972-3-766-8430
monique@ceragon.com

Ceragon Investor Contact:
Vered Shaked
Ceragon Networks Ltd.
+972-3-645-5513
ir@ceragon.com