SOURCE: Airspan Networks Inc.

July 15, 2008 09:05 ET

Jordanian Network Operator wi-tribe Expands Network With Airspan's WiMAX Solution

Advanced Radio Technology and Mobile-WiMAX Upgradeability Promote Continued Network Expansion

BOCA RATON, FL--(Marketwire - July 15, 2008) - Airspan Networks Inc. (NASDAQ: AIRN), a leading provider of WiMAX broadband wireless access networks, announced today that wi-tribe limited Jordan has contracted for additional WiMAX equipment to expand their network across the country.

wi-tribe limited Jordan is a subsidiary of wi-tribe, a joint venture between The Qtel Group (Qatar Telecom) and the A.A. Turki Group of Companies (ATCO) together with a proactive partnership with Clearwire (NASDAQ: CLWR), originally selected Airspan as their preferred supplier in January of 2008.

wi-tribe Jordan has deployed Airspan's 3.6-GHz HiperMAX solution which today allows a carrier the choice of fixed or mobile WiMAX on a single hardware platform. Airspan's HiperMAX base station with advanced radio technologies has enabled wi-tribe to minimize the number of base stations required for indoor coverage.

wi-tribe recently launched commercial service on their network and are now in the expansion phase of their successful deployment. Similar to other Airspan customers, wi-tribe is growing their HiperMAX network with the confidence that it will be compatible with any future WiMAX roadmap.

Anders Rendahl, Airspan's Senior Vice President and General Manager of EMEA, commented, "We're very happy to see wi-tribe's success and to be the partner for their expansion. wi-tribe is an innovative carrier in a market which has excellent opportunities for broadband growth."

"Emerging broadband markets are certainly one of the rapidly growing WiMAX segments and a key target for Airspan," added Declan Byrne, Airspan's Chief Marketing Officer. "Our WiMAX customer base includes those companies who are pioneering broadband access in these countries. We are looking forward to a long relationship with wi-tribe."

Airspan's HiperMAX base station provides a software-defined radio platform for fixed and mobile WiMAX with advanced radio technologies. These technologies significantly improve range and capacity, a key benefit to carriers. Airspan's EasyST and ProST subscriber terminals are based on Intel's Rosedale2 chipset which supports fixed and mobile WiMAX.

"We are pleased to partner with Airspan and provide a top notch customer experience. Over the course of the last few weeks, we have welcomed the residents of West Amman to be a part of the vibrant world of wi-tribe Jordan," said CEO of wi-tribe Jordan, Dr. Bassam Hannoun.

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.

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.

About wi-tribe:

wi-tribe -- Is the easiest online community to join and connect with the world. Across The Qtel Group's footprint that stretches from North Africa to the South Pacific, wi-tribe can deliver cost-effective internet access to emerging markets: becoming a driver of growth in connectivity. Plug in and Go -- wi-tribe offers unrivalled simplicity of operation and a passion for customer service. Ground-breaking WiMAX technology allows instant connection to the Internet through satellite technology. International Presence -- wi-tribe has its corporate office in the Kingdom of Bahrain, with Jordan becoming the first wi-tribe enabled market in April 2008.

Corporate partners -- wi-tribe was founded by two shareholders. The Qtel Group is one of the fastest growing telecommunications services providers with a presence in 16 markets in the Middle East, North Africa and Asia and A.A. Turki Corporate Trading and Construction (ATCO) is one the leading companies in the Kingdom of Saudi Arabia. wi-tribe enjoys a comprehensive technical partnership with Clearwire, one of the world's leading broadband wireless operators in North America and Europe.

For further information please contact Group Senior Manager, Brand & Corporate Communications, Shereen Bushehri, on or +973 36961100.

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: Email Contact

    Charlotte Laurent-Ottomane
    Investor Relations
    Tel. +561 395 4581
    Email: Email Contact