Airspan Announces 5 GHz WiMAX Deployments in Ukraine

BOCA RATON, FL--(Marketwire - January 15, 2008) - Airspan Networks Inc. (NASDAQ: AIRN), a leading worldwide provider of WiMAX broadband wireless access networks, announced today that its MicroMAX products in the 5 GHz frequency band have been successfully deployed in the Ukraine. Ten national and regional carriers have won frequency licenses in the 5 GHz band during the recent competitive tenders carried out by the Ukraine National Committee of Telecommunications Regulations and are now beginning to deploy WiMAX networks. Airspan is currently supplying five of these carriers with its WiMAX solutions and they are offering commercial services in Odessa, Lviv, Zaporojie, and Donetsk. WiMAX networks in 5 GHz are also planned in other large Ukrainian cities. Airspan is working with its partner, Unidata, one of Ukraine's leading network integrators and distributors of broadband wireless access equipment.

MicroMAX offers carriers operating in 5 GHz a standards-based alternative to competitors' proprietary equipment for this spectrum band. Combining high data rates and QoS features of WiMAX with unique interference mitigating technologies, MicroMAX in 5 GHz offers carriers a roadmap for technology advancement from Airspan, the leading provider of frequency bands for WiMAX. This frequency band is used in many worldwide markets as a regulated band.

"Airspan is the clear leader in supplying WiMAX solutions in the 5 GHz frequency band and is now supplying to 50% of the license holders in Ukraine. We see a proliferation of the 5 GHz technology in this fast growing market as it is well suited to offer our customers high quality data, VoIP, interactive Video over IP and IPTV services with high reliability," commented Anders Rendahl, Airspan's Senior Vice President of Sales and General Manager of EMEA. "Our technology is also gaining rapid adoption in the unlicensed 5 GHz applications around the world."

MicroMAX is a family of highly integrated micro-cell base stations with all-in-one outdoor packaging of RF and base-band components. Performance optimized variants for high density roof-top deployments and cost optimized variants for low density / rural deployments are available.

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 December 31, 2006 and in the Company's 2007 Quarterly Reports on Form 10-Q. 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.

Contact Information: For Investor Relations and Media Inquiries, contact: David Brant Senior Vice President & Chief Financial Officer Airspan Networks Inc. Tel: +1 561 893-8650 Fax: +1 561 893-8681 Email: Charlotte Laurent-Ottomane Investor Relations Email: Tel. +561 395 4581