Telbeskid Selects Airspan Networks for Wireless DSL Offering

Multiyear agreement will allow Telbeskid Sp. z o.o. to provide high-speed Internet access and voice services throughout Poland

London, October 5, 2000 - Airspan Networks, Inc. (NASDAQ: AIRN), the leading wireless DSL equipment provider, today announced that it has signed a multiyear contract with Telbeskid Sp. z o.o., a telecommunications operator, to deploy its AS4000 wireless DSL platform throughout Poland.

Telbeskid is currently deploying Airspan's wireless DSL systems in the 3.5 Ghz band to deliver high-speed Internet access and voice services throughout the communities of Nowy Sacz, Grybow and Gorlice and will expand their deployment over the next three years to include additional markets in Poland.

"The opportunity for competitive operators in countries such as Poland to deploy high-speed Internet services and carrier-grade voice to both small-to-medium businesses and residential subscribers is skyrocketing," said Eric Stonestrom, President & CEO of Airspan. "Our wireless DSL platform will allow Telbeskid to grow their markets seamlessly and affordably, and deliver the services their customers are demanding.

"Analyst firm Frost & Sullivan, in their July 2000 report "European Wireless Local Loop Markets," predict that fixed wireless revenues in Central and Eastern Europe will exceed $2 billion in 2006, due to the expansion and upgrade of telecommunications infrastructure in the region. "We are currently experiencing an unprecedented demand for both high-speed Internet and voice services," said Lubomir Glinieki, CEO of Telbeskid. "The ability to provide the broadest range of IP data services and carrier-grade voice services - combined with being the most experienced wireless DSL equipment provider on the market -- set Airspan apart from the competition."

About Airspan Networks

Airspan is dedicated to providing wireless DSL systems and solutions to communications service providers around the world with licenses in frequency bands between 900 MHz to 4.0 GHz, including both PCS and MMDS. The company has deployments with more than 40 communications service providers in more than 30 countries. Airspan's systems are based on DS-CDMA technology that provides wide area coverage, security and resistance to fading. Airspan's systems can be deployed rapidly and cost effectively, providing an attractive alternative to traditional wired communications networks. Airspan also offers radio planning, network installation, integration, training and support services to facilitate the deployment and operation of its systems.

This press release contains forward-looking statements relating to future events or future financial performance that involve risks and uncertainties. Such statements can be identified by terminology such as "may," "will," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of such terms or comparable terms. These statement are only predictions and actual results could differ materially from those anticipated in these statements based upon a number of factors including the projected increase in demand for high-speed data transmission in Europe, demand in the Czech Republic and those identified in the Company's filings with the SEC.

For media inquiries, contact:

Airspan Communications:
David Farthing
Marketing Communications Manager
Tel: +44 1895 467 169
Fax: +44 1895 467 202
dfarthing@airspan.com


Europe:
Miller/Shandwick Technologies:
Daniel White/Monika Fried
Tel: +44 (0) 207 240 8666
Fax: +44 (0) 207 240 8668
dwhite@shandwick.com
mfried@shandwick.com

Americas:
The KMC Group
Beth Mayer
The KMC Group
Tel: +1 425 450 9965x117
Fax: +1 425 450 9963
Email: bmayer@kmcgroup.com

Asia:
Phang & Naughton
Jennifer Phang
Tel: +852 2527 1127
Fax: +852 2866 7940
Email:jenn@phangnaughton.com