BOCA RATON, Fla. – November 7, 2002 — Airspan Networks, Inc. (Nasdaq: AIRN), a leading worldwide provider of broadband fixed wireless DSL networks, announced today that it has received orders from ABB AS Norway, a subsidiary of ABB providing broadband internet access infrastructure for network projects in Norway.

ABB Norway supplies the AS WipLL product to INO AS, a subsidiary of Bergen Power Utility Company. INO provides wireless broadband access to more than 1000 residential, small home office and small to medium enterprise customers in approximately 30 areas in Norway. These orders are part of INO’s plans to expand service to an additional 20 areas in 2003.

“We are pleased to have ABB as a customer and look forward to a long term and mutually beneficial relationship,” said Anders Rendahl, Vice President and General Manager of Airspan’s Europe Middle East and Africa division. “We expect the network being developed in this phase of the project in Norway can be replicated throughout the country through our partnership.”

High-speed Internet access is driving the demand, as people in Norway convert from dial-up modem to broadband in homes, schools, and SME premises. Like in Japan, where Speednet is providing this type of access to a customer base of more than 10,000 subscribers using the WipLL product, the business case is highly attractive for this type of application and the demand is high, despite one of the most general wired network teledensity ratios in the world.

About Airspan Networks
Airspan Networks provides wireless DSL systems and solutions to both licensed and unlicensed operators around the world in frequency bands between 900 MHz to 4 GHz, including both PCS and 3.5 GHz.. The company has deployments with more than 102 operators in more than 57 countries. Airspan’s systems are based on radio technology that delivers excellent area coverage, high 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. Airspan’s main operations are based in Uxbridge, United Kingdom with a WipLL product research and development facility in Lod, Israel, employing approximately 60 people. More information on Airspan can be found at http://www.airspan.com

About INO AS Norway
INO AS offers broadband services to small offices and residential areas in Norway. The company’s business philosophy is to deliver broadband services to smaller communities throughout Norway. INOs main product is based on wireless solutions. Together with BKK Broadband, the plan is to expand to also deliver broadband access via fiber and copper cable both to cities and smaller communities. In parallel, INO is also working to provide new services related to telecommunications, multimedia and content-services. INO AS is located in the small Hardanger-community of Ulvik, most famous for its fjords, mountains and apple blooming in the spring. More information can be found at http://www.ino.no.

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. These statements are not guaranties of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this announcement.