<DOCUMENT>
<TYPE>EX-99.8.1
<SEQUENCE>2
<FILENAME>y50500ex99-8_1.txt
<DESCRIPTION>LIST OF SUBSIDIARIES
<TEXT>

<PAGE>   1
                                                                     Exhibit 8.1


                              LIST OF SUBSIDIARIES
<TABLE>
<CAPTION>


         NAME                                      JURISDICTION OF INCORPORATION
--------------------------------------------------------------------------------
<S>                                                <C>
Ceragon Networks, Inc.                                  New Jersey

Ceragon Networks, S.A. de C.V.                            Mexico

Ceragon Networks                                         England
(UK) Limited

Ceragon Networks Gmbh                                    Germany


Ceragon Networks SARL                                     France
</TABLE>




</TEXT>
</DOCUMENT>
