ACT Limited Selects Airspan for Its Nationwide WiMAX Deployment in Jordan

BOCA RATON, FL--(Marketwire - January 11, 2008) - Airspan Networks Inc. (NASDAQ: AIRN), a leading worldwide provider of WiMAX and Wi-Fi based broadband wireless access networks, announced today that it has been awarded a contract to supply ACT Jordan PSC (ACT Jordan), a subsidiary of ACT Limited, with its HiperMAX base stations and its EasyST indoor and ProST outdoor subscriber terminals.

ACT Limited is a joint venture between Qatar Telecom (Qtel) Q.S.C. and A.A. Turki Corporation for Trading and Contracting (ATCO) of Saudi Arabia.

At the beginning of 2007, ACT Jordan secured a 3.6 GHz frequency license for Fixed Broadband Wireless Access (FBWA) in Jordan. The company is now in the process of deploying a nationwide WiMAX service.

ACT Jordan will use Airspan's WiMAX technology to launch its voice, data, and high speed internet service. Airspan's WiMAX solution will enable ACT Jordan to offer a bundle of voice and data services, with the possibility of upgrading to mobile WiMAX from the same platform.

Anders Rendahl, Airspan's Senior Vice President of Sales and General Manager of EMEA, commented, "ACT Jordan's selection of Airspan's WiMAX technology is a further validation that Airspan is gaining market share in the Middle Eastern WiMAX market, which is one of the most innovative and rapidly growing in the industry."

Dr. Sami Hinedi, the Chief Executive Officer of ACT Limited, said, "We are looking forward to deploying Airspan's WiMAX technology in Jordan. We are ready to provide the latest services to our customer base. Leading technology and a dedicated customer focus approach have been the main drivers in selecting Airspan to participate in our WiMAX initiative."

Dr. Bassam Hannoun, the Chief Executive Officer of ACT Jordan, added, "As a new player in the market, our main goal is to provide a top notch customer experience, and teaming up with Airpsan is a step in the right direction."

Eric Stonestrom, Airspan's CEO, added, "This initiative highlights the growing momentum we are seeing in our WiMAX business. During the fourth quarter alone, we shipped more than 1,500 base station sectors of HiperMAX and MicroMAX to a broad customer base. In addition, the company has been recently confirmed by the Industry Analyst firm Infonetics as one of the two leading suppliers, measured by revenue, of WIMAX equipment in their most recent report."

Airspan's Flagship WiMAX HiperMAX Base Station and EasyST Indoor WiMAX modem combine to support both Fixed 16d and Mobile 16e WiMAX System Profiles. This, combined with support for 5, 7, and 10 MHz channels, ensures that the solution is highly scaleable, with up to 32Mbit/s per channel, and up to 12 channels per Base Station. Full support for advanced, multi-channel Receiver and Transmit diversity ensures class leading operational range and true Indoor coverage.

About Airspan Networks Inc.

Airspan Networks provides wireless voice and broadband data systems and solutions for the fixed and mobile WiMAX and Wi-Fi markets, including Voice Over IP (VoIP). Its wireless products serve operators around the world in both licensed and unlicensed frequency bands between 700 MHz and 6 GHz. Airspan has a strong wireless product roadmap that includes WiMAX Forum Certified equipment and products meeting 802.11 a/b/g Wi-Fi standards, Airspan's HiperMAX and MicroMAX base station products support portable and mobile 802.16e-2005 WiMAX alongside fixed and nomadic 802.16-2004 products. Airspan products also include "self install" and professionally installed customer premise equipment. Airspan is on the Board and is a founder member of the WiMAX Forum and a member of the Wi-Fi Alliance. The Company has deployments in more than 100 countries with more than 400 operators, 100 of which use Airspan's WiMAX Forum Certified and non-certified products. Airspan's wireless systems are based on radio technology that delivers excellent area coverage, high security and resistance to fading. These 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 an international telecommunications equipment provider headquartered in Boca Raton, Florida. 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. The Company is 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 31 December, 2006 and Form 10-Q for the third quarter ended September 30, 2007. 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.

About ACT Limited

ACT Limited, is a joint venture between Qatar Telecom (Qtel) Q.S.C. and A.A. Turki Corporation for Trading and Contracting (ATCO) of Saudi Arabia.

The joint venture between Qtel and ATCO is a part of strategy to jointly develop and operate Broadband Wireless Access services, including WiMAX and other complementary services, in markets covering the Middle East, Asia, and Africa. ACT Limited has also acquired a 75% stake in Burraq Telecom Limited of Pakistan.

Qtel is the sole fixed line telecommunications provider and one of the largest listed companies in the State of Qatar. In addition, the company operates mobile telecommunications companies in Algeria, Iraq, Kuwait, Maldives, Oman, Palestine, Qatar, Saudi Arabia, and Tunisia. Qtel is partnered with AT&T Inc. in NavLink, which is a leading provider of enterprise managed data services in the Middle East. Qtel also owns a 25% stake in ST Telemedia's Asia Mobile Holdings Pte. Ltd., a mobile telephone operator servicing 16 million customers in Indonesia and Singapore.

Qtel is considered one of the top providers of wireless and value added data services in the Arab world, and has extensive experience in the deployment and management of broadband wireless networks. Qtel has been operating a broadband Next Generation Point to Multipoint Radio network providing voice and data services to over 1,000 residential, business, and rural customers in Qatar. Moreover, Qtel showcased a citywide WiMAX network in Doha, Qatar for the 2006 Asian Games.

Already among the three most widespread telecommunications operators in the Middle East, Qtel plans on expanding its reach as a part of its vision to be a top 20 worldwide telecommunications company by the year 2020. To learn more about Qtel, please visit www.qtel.com.qa.

ATCO is the flagship of the Abdulrahman Ali Al-Turki Group of Companies (the ATCO Group), a leading 4,000-employee strong Saudi Arabian conglomerate that has successfully operated since 1954 in the Kingdom's governmental, industrial, commercial, and consumer sectors. The ATCO Group is comprised of twenty-six different divisions, joint ventures, and standalone companies. The group offers a wide range of products and services including telecommunications, IT, automation and control, commercial trading and services, port management and marine services, engineering and contracting, industrial services, manufacturing, transportation and logistics management, and retail sales sectors. To learn more about the ATCO Group, please visit www.atco.com.sa.

Contact Information: For Investor Relations and Media Inquiries about Airspan Networks Inc., contact: David Brant Senior Vice President & Chief Financial Officer Airspan Networks Inc. Tel: +1 561 893-8650 Fax: +1 561 893-8681 Email: For Media Inquiries about ACT Limited, contact: Shereen Bushehri Manager, Corporate Communications ACT Limited Mobile: +973 36961100 Fax: +973 17 583 042 Email: