Momentum Builds for Wireless DSL as Airspan Networks Receives Orders from Six Customers in the 3.5 GHz Band

London, October 19, 2000 - The momentum behind wireless DSL continues to escalate as Airspan Networks, Inc. (NASDAQ: AIRN), the leading wireless DSL equipment provider, today announced orders from six telecommunications companies to provide high-speed Internet access to small-to medium businesses as well as residential customers.

Golden Cellular Communications Co., Ltd. (GCC) in China has purchased equipment for deployment in Golden Bridge’s data networks in China. Telia mobile affiliate MTN is extending their current mobile offering to include fixed wireless access. PT Telkom data subsidiary PT Lintasata in Indonesia is rolling out a high-speed data network and Vado in Austria is offering their carrier affiliates high-speed Internet access using Airspan’s AS4000 wireless DSL platform. Additionally, existing Airspan customers TES Media in the Czech Republic and Bell Telecomm in the Philippines are upgrading their existing Airspan wireless networks to add the latest capabilities.

Global revenues from fixed wireless technology are expected to exceed $16 billion in 2004, according to the Strategis Group, and by 2003, broadband wireless networks will serve almost half of U.S. businesses and more than a third of U.S. residences. 

“We are pleased to be able to offer these customers a wide range of cost effective wireless data solutions uniquely suited for their Internet architectures,” said Eric Stonestrom, CEO and President. “Airspan’s platform enables service providers to deploy high-speed Internet services faster and more economically, which translates to faster revenue generation as well as the ability to expand into additional markets seamlessly and affordably.”           

The AS4000 wireless DSL platform is suitable for rapid construction of the Internet architectures being rolled out by operators. The technology can be deployed as an alternative to a traditional wired network or as an extension to a carrier’s existing DSL rollout. Based on DS-CDMA (Direct Sequence Code Division Multiple Access) technology, the AS4000 platform offers a variety of services, including voice, data, packet and Internet access. Its point-to-multi-point wireless architecture uses a central radio site to connect customers within a cell radius of up to 25kms.

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 further information contact:

Airspan Networks:
David Farthing
Airspan Networks
Tel: (+44) 1895 467 169
Fax: (+44) 1895 467 202
Email:dfarthing@airspan.com

Europe:
Miller Shandwick Technologies (UK)
Danelle White/Monika Fried
Tel: (+44) (0) 20 7240 8666
Fax: (+44) (0) 20 7240 8668
Email:dwhitel@shandwick.com
mfried@shandwick.com

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

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