PuntoNet Chooses Airspan to Provide 5.85 GHz WiMAX Solutions in Ecuador

BOCA RATON, FL--(Marketwire - February 21, 2008) - Airspan Networks Inc. (NASDAQ: AIRN), a leading worldwide provider of WiMAX broadband wireless access networks, announced today that PuntoNet, Ecuador's largest Wireless Internet Service Provider, has awarded Airspan a follow-on contract to supply MicroMAX base stations and related CPE equipment to expand their nationwide WiMAX services in major cities in Ecuador.

PuntoNet began operations in Quito, Ecuador in 2000 and today is the largest WIMAX operator in the country. Focused on enhancing its leading position in data, Internet, and VoIP services, PuntoNet is actively deploying Airspan WIMAX networks around the country. PuntoNet has already began deploying WiMAX infrastructure in eight major cities (Quito, Guayaquil, Cuenca, Santo Domingo, Manta, Portoviejo, Quevedo and Machala) and is currently expanding its nationwide WIMAX coverage to an additional six cities in 2008.

"We are pleased to continue working with PuntoNet as they migrate their network to 5.85 GHz WiMAX," said Amit Ancikovsky, Airspan's Vice President & General Manager, Americas. "This initiative highlights the growing demand for WiMAX solutions in South America and Airspan is well placed to answer this need."

Enrique Quiroz R, President of PuntoNet, commented: "We are very pleased with the performance of the Airspan WiMAX, WiFi and VoIP solutions. As a new carrier, we are committed to provide our customers with a broad range of telecommunication services with high, carrier-grade quality. We believe our wireless network design is a robust, efficient and high-performance network that, as we keep moving through the year, will enable us to provide increased voice and broadband connectivity services for current and new subscribers."

MicroMAX is Airspan's family of highly integrated micro-cell base stations with all-in-one outdoor packaging of RF and base-band components. Performance optimized variants for high density roof-top deployments and cost optimized variants for low density / rural deployments are available.

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.

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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