BOCA RATON, FL—DECEMBER 1, 2004 -- Airspan Networks, Inc. (Nasdaq: AIRN), a leading worldwide provider of broadband wireless access networks, including WiMAX standard systems, announced today that has sold its WipLL solutions to Newcom Communications Americas of Guatemala for installation in Newcom’s networks in Central America.

Under its agreement with Newcom, Airspan will deliver approximately $500,000 of WipLL base station and customer premise equipment to Newcom for deployment in Newcom’s operations in Guatemala, El Salvador, Honduras, and Nicaragua. Deliveries commenced in September 2004 and will be completed by the end of this year. The equipment will operate in the 2.3GHz, 2.5GHz, 3.45GHz and 5.8GHz frequency bands. The WipLL infrastructure equipment to be sold will be capable of serving more than 500 end users.

Newcom started operations in Central America in 2000, and operates a combination of state-of-the-art point-to-multipoint wireless networks in proprietary frequencies combined with selected fiber optic access networks, in 13 cities in Central America, in countries, including a sales office in the USA. Newcom provides integrated broadband data, Internet, voice and video solutions to corporate and government clients locally and regionally in Central America, and from there to the World via the NAP of the Americas. Nowadays, Newcom is a leading regional service provider to the corporate market place.

Vincent Renner, CEO of the Newcom Group of Companies in Central America, commented: “Newcom has been successful by adopting a growth strategy based on product and service differentiation in its markets. To grow, Newcom must deploy equipment that adapts quickly to the present and future needs of our customers, that offer us flexibility in the variety of service levels and features we can provide. Having used a number of competing wireless broadband technologies in our network in the past, we have decided that Airspan’s WipLL technology meets all of these requirements, and we will aggressively deploy wireless network and broadband services on the WipLL platform going forward. We also feel that Airspan has the most comprehensive WiMAX roadmap of the available suppliers, and we look forward to deploying it in combination with our VoIP products.”

“We are very pleased to sign a contract to supply such a significant regional data services provider”, said Eric Stonestrom, Airspan’s President and CEO. "Our WipLL product gives Newcom a very cost-effective way of expanding the reach of its network and attracting new customers to its business. Newcom has an extensive reputation for its strong technological and operational expertise, and we are proud that after extensive research the company has chosen WipLL as one of its core fixed-wireless IP access platform.”

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).

About Newcom Americas
Newcom is a leading provider of integrated broadband communication services, solutions and infrastructure in Central America for the corporate and government sector. Newcom operates its own networks in 13 cities in Central America, and via its presence in the NAP of the Americas connects to the Rest of the World, and has offices in Miami, Florida, USA.

More information on Newcom can be found http://www.newcomamericas.net.

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" 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 (vii) specific to this press release, Newcom’s ability to take delivery of and pay for the equipment we have sold to it. 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