Celtro Expands Its Worldwide Presence

Celtro Opens New Offices in Argentina and Hong Kong

TEL AVIV, Israel, February 8 - Celtro, a pioneer and leading global supplier of mobile
backhaul switching solutions, announced the opening of two new Celtro offices
- in Argentina and Hong Kong. The new offices will handle Celtro's
significant installed base in Latin America, and spearhead the company's
strategic push into Asia Pacific.

"Celtro has made considerable inroads into Latin America,
which, until now, was supported by our subsidiary in Mexico. The new office
in Argentina will expand our coverage of this region and will better serve
our growing customer base in the southern part of Latin America," noted Ron
Zor, CEO of Celtro. "Furthermore, as we continue to grow, APAC, with its
growing subscriber base and the planned rollout of new 3G networks, has
become a strategic target for Celtro. Celtro's Hong Kong office, together
with our subsidiary in India, will bring us closer to our APAC customers. It
will also enable us to take advantage of emerging opportunities in the region
as well as to provide local technical support," he continued.

Mr. Roberto Medina, formerly Regional Sales Director Latin
America at Ceragon, will head the new office in Argentina, covering the
southern part of Latin America. Mr. Keith Leung, formerly Regional Sales
Director Asia at Starhome, will head the Hong Kong office and will cover
Southeast Asia.

"Celtro strongly believes in a global strategy that is
implemented at the local level. Nothing can replace experienced players on
the ground in local markets. We are confident that our highly motivated team
will help us strengthen our position in these key regions," concluded Mr.
Zor.

About Celtro

Experts in the mobile backhaul, Celtro provides innovative
switching solutions that empower mobile operators worldwide to improve
service delivery, increase network efficiency, and facilitate flexible
backhaul network evolution.

Celtro's patented technologies combine multi-service TDM, ATM,
Ethernet and IP/MPLS backhaul traffic switching to enable risk-free,
all-in-one-box migration from ATM networks, through HSDPA offload, to an
all-IP backhaul network.

Leveraging creative solutions that keep our customers one step
ahead in the mobile broadband revolution, Celtro's field-proven switching
solutions are commercially deployed by 80 top tier operators worldwide For
more information, please visit www.celtro.com.

    Contact:
    Shlomit Tevet
    Marketing Director
    Celtro Ltd.
    Direct: +972-3-9206545
    Mobile: +972-54-4730330
    Shlomit.tevet@celtro.com

Contact: Shlomit Tevet, Marketing Director, Celtro Ltd., Direct: +972-3-9206545, Mobile: +972-54-4730330, Shlomit.tevet at celtro.com