Airspan's MicroMAX Wireless Broadband Access Solution Is Accepted by the Rural Utility Service

BOCA RATON, FL--(Marketwire - October 29, 2007) - Airspan Networks, Inc. (NASDAQ: AIRN), a leading provider of Wireless Broadband Access solutions, today announced that its MicroMAX 5.8 GHz wireless broadband access solution and its corresponding subscriber terminals, the EasyST and the ProST, have been accepted by the Rural Utility Service (RUS) for purchases under the RUS Broadband Loan Program.

Airspan's MicroMAX system provides a low-cost, high-performance point-to-multipoint IEEE 802.16 compliant solution. This OFDM based architecture is suited to deliver high-speed data, Voice over IP (VoIP), and multimedia services to residential, SOHO (small office/home office), and SME (small medium enterprise). MicroMAX offers service providers an integrated access solution, providing quick-to-market deployment and low-market entry cost for broadband services.

Amit Ancikovsky, Airspan's Vice President and General Manager for the Americas, stated, "Airspan is proud to introduce the first Airspan IEEE 802.16 compliant solution to the U.S. market. The combination of an OFDM technology in an unlicensed frequency will support the effort of rural telcos in closing the digital divide."

The RUS program was established by the U.S. Government to support deployment of broadband services in the rural regions of the United States that have difficulty in obtaining broadband data telecommunications connections and to close the digital divide gap. For the U.S. Government's fiscal year, approximately $2.2 billion in loans and loan guarantees is available from RUS for the construction, improvement, and acquisition of facilities and equipment for broadband service in eligible rural communities. Under the program, the minimum rate-of-data transmission must be 200 kilobits/sec in the customer's connection to the network, both downstream and upstream.

Besides the MicroMAX solution, Airspan offers an end to end solution for varied broadband wireless access applications, including its proprietary WipLL solution also listed under RUS and the AS.MAX family of WiMAX certified base stations, backhaul solutions and customer premises equipment.

About the Rural Utilities Service (RUS)

On March 4, 2005, the Rural Utilities Service (RUS), an agency delivering the U.S. Department of Agriculture's Rural Development Utilities Programs, announced funding available for the Rural Broadband Access Loan and Loan Guarantee program. For FY 2005, no less than $2.157 billion in loans is available, $2.032 billion for direct cost-of-money loans, $46 million for direct 4-percent loans, and $79 million for loan guarantees.

More information can be found at http://www.usda.gov/rus/telecom/broadband.htm

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 Form 10-Q for the quarter ended July 1, 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.

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: