CTS Gibraltar Selects Airspan's WiMAX Solutions

BOCA RATON, FL--(Marketwire - April 23, 2008) - Airspan Networks Inc. (NASDAQ: AIRN), a leading worldwide provider of WiMAX broadband wireless access networks, announced today that it has received a network expansion contract from CTS Gibraltar. CTS is expanding its network using Airspan's WiMAX solutions in the licensed 3.5 GHz frequency band. Airspan will supply its MacroMAX base stations and EasyST indoor CPEs (customer premise equipment).

CTS Gibraltar is part of the CTS Group which is present in the United Kingdom, Gibraltar and Spain. CTS offers communications services to both residential and corporate customers. The network expansion with Airspan's WiMAX solutions is targeted for the Gibraltar peninsula and will initially offer wireless broadband access service.

"As a telecommunications operator and network specialist in Gibraltar, we believe that the addition of a WiMAX service is the right strategy for CTS and its customers. We are pleased to be working with Airspan to quickly provide voice and data services using their technology to offer exciting new products to our growing customer base," said Steve Lambourne, CTO of CTS.

"CTS is a long standing Airspan customer and a leading telecommunication and IT services provider on the peninsula. This initiative to expand their network to offer WiMAX services characterizes the transition we are seeing as carriers through the region are looking to WiMAX to enhance their service offerings and grow their customer base," said Anders Rendahl, Airspan's Senior Vice President of Sales and General Manager of EMEA. "We are pleased that CTS continues to work with Airspan to achieve their growth objectives."

About Airspan Networks Inc.

Airspan is the industry's leading WiMAX pure player, ranked #1 for IEEE802.16-2004 WiMAX revenue in 2007 and has now been selected for some of the world's largest mobile WiMAX deployments. With direct sales offices throughout Asia, EMEA and the Americas, a worldwide network of resellers and agents, and partnership alliances with major OEMs, Airspan boasts over 100 commercial WiMAX deployments worldwide. www.airspan.com.

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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