SOURCE: Airspan Networks Inc.

Airspan Networks Inc.

September 25, 2009 13:15 ET

Airspan Selected by COTAS for Multi-City WiMAX Network in Bolivia

Carrier to Deliver Triple-Play Broadband Services to Residents and Businesses

BOCA RATON, FL--(Marketwire - September 25, 2009) - Airspan Networks Inc. (PINKSHEETS: AIRO), a leading provider of WiMAX-based broadband wireless access networks, announced today that Cooperativa de Teléfonos Automáticos Santa Cruz De La Sierra Limitada (COTAS), the second largest Bolivian telecommunications provider, selected its advanced WiMAX solutions for a next-generation broadband network deployment across major cities in Bolivia.

Operating on the 3.5 GHz spectrum, the network will deliver broadband data and other high-end IP applications to consumers using Airspan's advanced WiMAX solution incorporating the WiMAX Forum® Certified™ MicroMAX & HiperMAX platforms. The 4G network will cover the regions of Santa Cruz, La Paz and Cochabamba with HiperMAX base stations, while the MicroMAX base stations will be used for another five cities -- Sucre, Tarija, Trinidad, Oruro and Potosí.

Bolivia has one of the lowest regional broadband penetration rates, only approximately 10.4% of the 9.6 million people, leaving a huge demand amongst consumers for high-speed connectivity. As one of the least developed South American countries, Bolivia is making great strides to improve economic growth and decrease the digital divide.

"Airspan is proud to have been selected by COTAS for this project and to emerge as the vendor of choice from a pool of fierce competition. We look forward to working with COTAS on this network and to our continued partnership as their network needs continue to grow," stated Amit Ancikovsky, Airspan's President of Sales and Products.

Kurt Klein, Planning and Engineering Manager of COTAS, added, "Airspan's equipment is enabling us to reach a broader range of customers and to provide them with improved connectivity and applications. We are especially happy to have equipment that can overcome some of the rugged terrain challenges we face in Bolivia. HiperMAX is a robust and reliable solution that can reach both our urban as well as our rural customers. We are hopeful that by bridging the digital divide, we can help improve the quality of life and the overall economic situation in Bolivia."

About COTAS

COTAS, with headquarters located in Santa Cruz de la Sierra (Bolivia), is the second largest Telecommunication Provider in Bolivia. COTAS offers PSTN and cable TV services in Santa Cruz as well as long distance, data broadband, Internet, ADSL and satellite services countrywide. Founded in 1960 as a Co-operative, with a successful social model that rapidly was implemented by other operators in other departments in Bolivia, the company continues investing in technology in order to provide better services to corporate and home users.

About Airspan Networks Inc.

Airspan is a leading WiMAX pure player and the solution-provider of choice for some of the world's largest WiMAX deployments. Developing leading-edge technology for broadband access and IP telephony, Airspan continues to supply operators around the world with best-of-breed solutions. 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.

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 Annual Report on Form 10-K for the year ended December 31, 2008, filed with the Securities and Exchange Commission on March 31, 2009. 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 contact:
    Charlotte Laurent-Ottomane
    Investor Relations
    Tel. +1 561.395.4581
    Email: clottomane@airspan.com

    For Media Inquiries, contact:
    Dori Erann
    Director Marketing Communications
    Airspan Networks Inc.
    Tel. +1 561.893.8687
    Email: derann@airspan.com