Ceragon Confirms Receipt of Revised Non-binding Indication of Interest from Aviat Networks

Shareholders are Not Required to Take any Action at this Time

ROSH HA'AIN, Israel, Aug. 3, 2022 /PRNewswire/ --  Ceragon Networks Ltd. (NASDAQ: CRNT) ("Ceragon" or the "Company"), the global innovator and leading solutions provider of 5G wireless transport, today confirmed that it has received a revised non-binding indication of interest from Aviat Networks, Inc. ("Aviat") to acquire all of the outstanding shares of Ceragon for $3.08 per share, consisting of $2.80 in cash and $0.28 in equity consideration of Aviat common stock (the "Revised IOI"), subject to certain conditions.