Global / North America

Press Release

Telefónica Selects Ceragon as a Strategic Global Microwave Partner

February 21, 2012

Initial 2012 orders to come from Chile, Panama and Venezuela

Paramus, New Jersey, February 21, 2012Ceragon Networks Ltd. (NASDAQ: CRNT), the premier wireless backhaul specialist, today announced that Telefónica has selected Ceragon as one of its global microwave backhaul vendors. The Telefónica Group, a global Tier-1 telecommunications company and one of the world’s leading integrated operators, offers communication, information and entertainment solutions in 25 countries, servicing more than 295 million subscribers. Telefónica is initially expected to order systems from Ceragon for Chile, Panama and Venezuela, where the Group services approximately 25 million subscribers.

“Ceragon solutions offer a good fit for our microwave backhaul needs. Their solutions provide more capacity and a high ROI – interesting functionalities as we continue to roll-out higher speed, higher capacity 4G/LTE mobile networks,” explained Cayetano Carbajo, Technology Director at the Telefónica Group. “Ceragon’s experience and expertise in bringing high-quality networks into service quickly, with a minimum time-to-revenue, was also a key reason we chose the company as a preferred global vendor.”

“As the rollout of higher capacity networks intensifies worldwide, global operators such as Telefónica must be able to service new subscribers quickly and efficiently,” said Ira Palti, Ceragon’s President and CEO. “As the premier wireless backhaul specialist, Ceragon is committed to finding solutions that meet our customers’ extreme capacity challenges. The breadth of our company’s portfolio of high-capacity microwave solutions, combined with our proven execution and reliability in large deployments, makes Ceragon a natural partner for Tier-1 operators such as Telefónica.”

The Ceragon solutions selected by Telefónica are based on the field-proven, carrier-grade FibeAir IP-10 family – an unrivaled wireless transport solution optimized for all-IP mobile internet and broadband services. FibeAir IP-10 is a leading wireless microwave solution that integrates advanced networking functionality with innovative high-capacity radio technology, enabling up to 1 Gbps per channel. The solution enables simplified network provisioning and monitoring while reducing the operator’s total cost of ownership (TCO), thereby enabling it to meet today’s stringent service level agreements (SLAs).

About the Telefónica Group

Telefónica is one of the largest telecommunications companies in the world in terms of market capitalization. Its activities are centered mainly on the fixed and mobile telecommunications businesses with broadband as the key tool for the development of both. The company has a customer base of more than 300 million customers around the world. Telefónica has a strong presence in Europe and Latin America, where the company focuses an important part of its growth strategy. Telefónica is a 100% listed company, with more than 1.5 million direct shareholders. Its shares are traded on the London, New York, Lima, Buenos Aires, Madrid and São Paulo stock exchanges. Telefónica Multinational Solutions delivers integrated Fixed, Mobile and IT services to some of the world’s top Multinationals. More information about Telefónica Multinational Solutions is available at: www.multinationalsolutions.telefonica.com. Telefonica International Wholesale Services provides global telecommunication services for fixed and mobile carriers, ISPs and content providers. Its integrated and competitive portfolio includes international voice, IP, capacity, satellite services, international services for corporations, mobility services and platform services. More information about Telefonica International Wholesale Services is available at: www.carrierservices.telefonica.com/en/index.html

Media Contact

Matthew Krieger

GK Public Relations

Phone: (914) 768-4219

Email: matthew@gkpr.com

Tanya Solomon

Ceragon Networks Ltd.

Phone: (201) 853-0271

Email: tanyas@ceragon.com

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