SOURCE: Airspan Networks Inc.

August 11, 2008 12:13 ET

Airspan Selected by Pacifictel of Ecuador to Supply WiMAX Solutions

Offering IP Services Over WiMAX to Enterprises Throughout Largest City

BOCA RATON, FL--(Marketwire - August 11, 2008) - Airspan Networks, Inc. (NASDAQ: AIRN), a leading provider of WiMAX-based broadband wireless access networks, announced today that the Ecuadorian state-owned carrier, Pacifictel, has selected Airspan's WiMAX base stations and related CPEs (customer premise equipment), for a high-speed WiMAX network deployment.

With over 750,000 lines in service, Pacifictel plans to add high-speed services to its product portfolio, due to growing demand. Located in Guayaquil, the largest and most populous city in Ecuador, Pacifictel will deploy Airspan's base stations throughout the city to provide businesses with IP services, delivered through Airspan's flexible and easy-to-install subscriber terminals.

Amit Ancikovsky, Airspan's VP of Sales and General Manager for the Americas, stated, "We are very excited to be working with Pacifictel. We currently have several customers in Ecuador and have deployed thousands of units in this country during the last 12 months. Significant broadband expansion initiatives are already being planned by Pacifictel."

Declan Byrne, Chief Marketing Officer of Airspan, added: "This account win is important for a couple of reasons. Firstly because Pacifictel is an established ILEC in a growing economy and a Service Provider that Airspan wants to be associated with as a provider of WiMAX equipment. Secondly, it is yet another new account win for Airspan with our WiMAX solution set, adding to our momentum of account growth across all regions of the world."

About Pacifictel

Pacifictel is a telecommunications company owned by the government the Republic of Ecuador that are licensed to provide domestic and international fixed telecommunications services. Pacifictel serves Ecuador's 10 coastal provinces including the port city of Guayaquil. Learn more about Pacifictel S.A. at www.pacifictel.net.

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.

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, 2007 and in the Company's 2008 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: dbrant@airspan.com

    Charlotte Laurent-Ottomane
    Investor Relations
    Tel. +561 395 4581
    Email: clottomane@airspan.com