BOCA RATON, FL—NOVEMBER 3, 2004 -- Airspan Networks, Inc. (Nasdaq: AIRN), a leading worldwide provider of broadband wireless access networks, including WiMAX standard systems, announced today that it has signed an agreement with Last Mile Wireless of Athlone, Ireland for deliveries of Airspan’s point -to-multipoint WipLL and 802.16a-based AS4030 products. The equipment will be used in the Irish Midlands area to provide high-speed broadband Internet services in the 3.7 GHz frequency to Last Mile’s broadband customers.

Last Mile has been in business since 2002, building and operating wireless broadband networks to serve business and residential customers in the Midlands of Ireland, an area that includes all of counties Westmeath, Offaly, Roscommon, Longford and parts of the surrounding counties. With nine licenses to operate fixed wireless networks in the region, Last Mile has been successful in attracting Group Broadband Scheme funding from the Irish government to finance some of its expansion. The company currently serves 500 customers with its wireless networks, and expects to add more than 2,000 to that number by the end of 2005 with the deployment of the Airspan equipment.

John Gibbons, Director of Last Mile, commented: “We first introduced Airspan products into our network in January 2004. The modularity of the Airspan solution gave us the most flexible and efficient way to manage and control the deployment of our network. WipLL gives us a complete package of high quality radio connectivity, a wide range of possible applications and comprehensive management systems - all at an attractive price that will provide a swift return on our investment.”

Airspan's WipLL platform is a low-cost high-performance Fixed Wireless Access system designed to deliver high-speed data, Voice over IP (VoIP) and multimedia services to residential, small business and enterprise customers. WipLL is capable of delivering burst data speeds of up to 4 Mbps (3.2Mbps net) to each customer. WipLL introduces real-time adaptive modulation (2-, 4-, 8-level FSK) and auto retransmission request (ARQ); features that offer high quality services whilst maximizing spectrum utilization. WipLL is available in both licensed bands (700 MHz, 2.5GHz, 2.7-2.9GHz and 3.4-3.8GHz) and unlicensed bands (900MHz, 2.4GHz and 5.8GHz).

AS4030 is a high-end broadband wireless system for access and distribution applications, typically used to provide service to business applications and for Cellular/Backhaul Trunking. Based on robust WiMAX-based OFDM technology that can provide service in Line-of-Sight and Non Line-of-Sight deployment situations, AS4030 can deliver just IP, or IP and E1/T1s services. The product is ideally suited to providing service bundles to small and medium business consisting of a dedicated 2Mbit/s IP connection combined with a full or fractional E1/T1.

About Last Mile Wireless
Based in Athlone, Co. Westmeath, Ireland, Last Mile Limited are a Wireless Systems Integrator and Licenced Telecom Operator, providing a premium source of broadband wireless solutions throughout the Midlands and surrounding regions. The product range include Broadband Wireless Connectivity, Internet Connectivity and Voice-Over IP (VOIP), with the company’s product offerings replacing existing Leased-Line technology and DSL which are currently supplied by a number of other operators in the marketplace. Its unique selling proposition is in the provision of better, faster and more competitive solutions than the competition, whilst providing comprehensive regional coverage. Trading as Last Mile Wireless, the company has marketed itself as a specialist in building outdoor broadband wireless infrastructure primarily targeted at high bandwidth potential users, including Local Authorities and Health Boards in the Midlands and Western region, along with accessing the community broadband sector through involvement in a number of pilot wireless broadband projects and national funded schemes including the Group Broadband Scheme (GBS) etc.
More information on Last Mile can be found at http://www.lastmile.ie/index.html

About Airspan Networks, Inc.
Airspan Networks provides wireless voice and data systems and solutions, including Voice Over IP (VoIP), to both licensed and unlicensed operators around the world in frequency bands between 700 MHz and 6 GHz, including both PCS and 3.5GHz international bands. Airspan has a strong product evolution roadmap that includes offerings compliant with the new 802.16-2004 standard, and with built-in 802.16e capability. Airspan is on the Board and a founder member of the WiMAX Forum. The Company has deployments with more than 200 operators in more than 70 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 is headquartered in Boca Raton, Florida with its main operations center in Uxbridge, United Kingdom.

More information on Airspan can be found at http://www.airspan.com

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, including statements regarding our strategy, future operations, financial position, future revenues, projected costs, prospects, plans and objectives of management, may be deemed to be forward-looking statements. The words "anticipates," "believes," "estimates," "expects," "intends," "may," "plans," "projects," "will," "would", “targets” and similar expressions or negative variations thereof are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements and you should not place undue reliance on our forward-looking statements. There are a number of important factors that could cause actual results or events to differ materially from the plans, intentions and expectations disclosed in the forward-looking statements we make. Investors and others are therefore cautioned that a variety of factors, including certain risks, may affect our business and cause actual results to differ materially from those set forth in the forward-looking statements. These risk factors include, without limitation, (i) a slowdown of expenditures by communication service providers; (ii) increased competition from alternative communication systems; (iii) the failure of our existing or prospective customers to purchase products as projected; (iv) our inability to successfully implement cost reduction or containment programs; (v) a loss of any of our key customers; (vi) our ability to retain the largest existing customer of Nortel Network’s fixed wireless business; (vii) our ability to continue to sell the existing inventory of Nortel Network’s fixed wireless business on purchase terms and conditions comparable to those currently utilized, and (viii) specific to this press release, Airspan’s ability to successfully produce and distribute its product to Last Mile; Last Mile’s ability to deploy the networks sold and to sell services on the networks and to pay for the equipment. The Company is also subject to the risks and uncertainties described in its filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2003. You should read those factors as being applicable to all related forward-looking statements wherever they appear in this press release. We do not assume any obligation to update any forward-looking statements.

For Investment and Media Inquiries, contact:
Peter Aronstam
Chief Financial Officer
Airspan Networks, Inc.
Tel: +1 561 893-8682
Fax: +1 561 893-8671
Email: paronstam@airspan.com