Airspan Networks Establishes Operations in Indonesia, Announces Contracts with PT Indosat and PT Lintasarta

Sunrise, Fla. - June 13, 2001 - Airspan Networks, Inc. (NASDAQ: AIRN), a leading worldwide provider of broadband fixed wireless DSL networks, has established an office in Indonesia to take advantage of the country's rapidly growing telecom market. In conjunction with the opening of its office, Airspan also announced the signing of contracts with Indonesia's leading international telecom carrier, P.T. Indonesian Satellite Corporations Tbk (Indosat) and P.T. Lintasarta, a leading local data communications and value-added service provider.

In the first deal signed with P.T. Indosat, a provider of international telecommunications services linking Indonesia to approximately 257 countries and destinations worldwide, Airspan will provide the telecom company its AS4000 wireless DSL system. Airspan's system will establish a wireless network in the city of Surabaya and its suburbs. First phase of installation will be completed in three weeks, addressing Indosat's strategy to accelerate telecommunications development with wireless access technology

Under the Lintasarta agreement, the value-added service provider has committed to extend its telecommunications networks with the purchase of the Airspan AS4000 wireless DSL system. Deployment of the AS4000 systems will be extended to 15 cities throughout Indonesia. Lintasarta plans to expand its network to 25 cities before the end of the year.

Spearheading the operations of P.T Airspan Communication (Indonesia) is R.K. Harsiki, an eight-year telecom veteran who joined Airspan in 1998 as its local representative. Harsiki is credited with developing the Indonesian market for Airspan.

"It is clear that Airspan's technology will benefit the development of telecommunications infrastructure in Indonesia," said Henrik Smith-Petersen, Airspan President for Asia-Pacific. "With Harsiki's extensive telecom expertise and Airspan's integrated voice and data terminals which are based on Airspan's PacketDrive technology, Airspan will provide the most cost-effective and efficient method to deliver wireless access.

"Our commitment to the Indonesian market is evident with the establishment of our office in Jakarta," Smith-Petersen added. "We are confident that Airspan is in a robust position to capture the opportunities derived from the evolution of the telecommunications market in Southeast Asia."

Harsiki is also confident about the future of Indonesia's telecommunications market. "Indonesia's telecommunications sector is on the path to liberalization, which will occur in stages over the next few years," she said. "In addition, the government is committed to installing three million phone lines and to developing the wireless telecommunications market. All these factors support the positive outlook for the telecommunications industry in Indonesia."

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About PT Indosat

P.T. Indonesian Satellite Corporation Tbk. (Indosat) is a provider of international telecommunications services in Indonesia, directly linking Indonesia to approximately 257 countries and destinations worldwide. The Company's principal business is to provide international switched telecommunications services, including telephone, telex, telegram, packet switched data networks, Internet services and Inmarsat services for mobile communications. The Company also provides a variety of non-switched international telecommunications services, such as low- and high-speed leased lines, video conferencing, telecast services, Internet services and other services that typically involve the transmission of data or video rather than voice traffic. The Company currently owns and operates international gateways in Jakarta, Surabaya, Medan and Batam that route international traffic to and from the domestic telecommunications networks using satellite, submarine cable and microwave links.

About PT Aplikanusa Lintasarta

PT Aplikanusa Lintasarta, known as Lintasarta, was founded on April 4, 1988 as a private company. Lintasarta has been growing to be the leading data communication and value added services provider in Indonesia for any industrial sectors. Lintasarta is extending its telecommunications network to all the primary cities in Indonesia. On a larger scale, Lintasarta has entered into cooperative agreements with global telecommunication companies such as SWIFT, Equant, and Hutchison Corporate Access.

About Airspan Networks

Airspan provides wireless DSL systems and solutions to operators around the world with licenses in frequency bands between 900 MHz to 4 GHz, including both PCS and MMDS. The company has deployments with more than 50 operators in more than 40 countries. Airspan's systems are based on radio technology that delivers wide area coverage, security and resistance to fading. Airspan's systems can be deployed rapidly and cost effectively, providing 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. More information on Airspan can be found at http://www.airspan.com

This press release contains forward-looking statements relating to future events or future financial performance that involve risks and uncertainties. These statements are only predictions and actual results could differ materially from those anticipated in these statements based on those factors identified in the company's filings with the SEC. The words "believe", "expect", "intend", "anticipate", variations of such words and similar expressions identify forward-looking statements but their absence does not mean that the statement is not forward looking.

For media inquiries, contact:

Airspan Networks:

Al Quintana
Senior Director, Marketing Communications
Tel: +1 954 851 1665
Fax: +1 954 851 1661
Email: aquintana@airspan.com

North America:

The KMC Group
Eric Wiegers
The KMC Group
Tel: +1 425 450 9965 x117
Fax: +1 425 450 9963
Email: ericw@kmcgroup.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

Asia:

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

For Investment inquiries, contact:

Airspan Networks:
Peter Aronstam
Chief Financial Officer
Tel: +1 954 851- 1680
Fax: +1 954 851- 1661
Email: paronstam@airspan.com