6-K

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                                    FORM 6-K
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                            REPORT OF FOREIGN ISSUER


                      Pursuant to Rule 13a-16 or 15d-16 of
                       the Securities Exchange Act of 1934


                         For the month of February, 2001


                              CERAGON NETWORKS LTD.
               --------------------------------------------------
                 (Translation of registrant's name into English)


               24 Raoul Wallenberg Street, Tel Aviv 69719, Israel
               --------------------------------------------------
                    (Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.

                         Form 20-F X      Form 40-F

Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934

                            Yes            No X

If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82-
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                                    SIGNATURE


             Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.

                                        CERAGON NETWORKS LTD.


Date: March 1, 2001                     By /s/  Shraga Katz
                                           ----------------
                                             Name:   Shraga Katz
                                             Title:  President and Chief
                                                     Executive Officer





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                                  EXHIBIT INDEX



Exhibit Description

Press Release: Ceragon Networks and TeraGo Networks Sign Multi-Year Purchasing
Agreement

EX-99

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[CERAGON NETWORKS LOGO]



FOR IMMEDIATE RELEASE


    CERAGON NETWORKS AND TERAGO NETWORKS SIGN MULTI-YEAR PURCHASING AGREEMENT

              MAJOR LICENSED SPECTRUM HOLDER DEPLOYS FIBEAIR SYSTEM


         TEL AVIV, ISRAEL, FEBRUARY 28, 2001 -- Ceragon Networks Ltd. (NASDAQ:
CRNT), a global provider of high-capacity broadband wireless systems for next
generation communications networks, and TeraGo Networks Inc., a Canadian
facilities-based Internet and data communications carrier, today announced that
they have signed a three-year agreement under which TeraGo Networks will
purchase Ceragon's high-capacity FibeAir product family.
         TeraGo Networks is currently deploying Ceragon's broadband wireless
networking equipment and chose the FibeAir product family for its unique
capability to be quickly implemented in high-capacity IP networks within
metropolitan markets. TeraGo Networks uses Ceragon's products to build and
seamlessly connect broadband backbones to businesses, creating a
capital-efficient alternative to fiber optic deployment.
         TeraGo Networks is deploying its network in Alberta, Ontario, Manitoba
and British Columbia throughout 2001. TeraGo Networks holds 70 spectrum licenses
in both the 24 and 38 GHz frequency bands from Industry Canada, which allows the
company to operate wireless local facilities in 25 service areas across Canada.
TeraGo Networks delivers ultra-speed Internet solutions for Canadian businesses
in targeted cities.
         "TeraGo Networks offers businesses ultra-speed Internet access through
broadband connections at industry leading levels of reliability and quality,"
said Bryan Boyd, president and CEO, TeraGo Networks Inc. "Ceragon enables us to
deliver up to 100 Mbps of capacity to businesses, which is up to 45 times faster
than 2.2 Mbps business DSL, at carrier class levels of quality."

                                     (MORE)
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CERAGON AND TERAGO SIGN PURCHASING AGREEMENT--2

         "Ceragon designed its equipment to enable alternative service providers
like TeraGo Networks to progressively implement rapid and cost-effective
expansion," said Shraga Katz, president and CEO, Ceragon Networks Ltd. "For this
reason, our product family is differentiated in the market as a solution that
enables providers to integrate multiple networks and multiple applications to
generate immediate revenue. We look forward to the growth of this relationship
as we enable TeraGo Networks to deploy and expand its network while maximizing
its investment."

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. More information is available at www.ceragon.com.
Ceragon Networks - the shape of next generation networks.

ABOUT TERAGO NETWORKS INC.

         TeraGo Networks Inc. (www.terago.ca), headquartered in Calgary,
Alberta, is a facilities-based data communications carrier and Internet Service
Provider focusing on targeted Canadian cities with 50,000 to one million people.
It uses state-of-the-art wireless broadband technologies for cost-effective,
rapid and reliable deployment of 1.5 Mbps to 100 Mbps Internet access, Web
hosting and e-commerce solutions. TeraGo Networks holds 70 licenses in the 24
and 38 GHz spectrum, which allows the company to operate in British Columbia,
Alberta, Manitoba and Ontario. TeraGo Networks is a private company backed by
prominent Canadian institutional investors.

                                     (MORE)
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CERAGON AND TERAGO SIGN PURCHASING AGREEMENT--3


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.



Contacts:         Linda Pitt
                  GAJ Services Inc.
                  859-291-1005
                  lpitt@gajservices.com

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

                  Janet Laurie
                  TeraGo Networks Inc.
                  403-668-5332
                  janet.laurie@terago.ca




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