Airspan Expands Operations in China, Opens New Office in Shanghai.

Business Editors, High-Tech Writers

SUNRISE, Fla.--(BUSINESS WIRE)--April 26, 2001

Airspan Networks, Inc. (Nasdaq:AIRN), a leading worldwide provider of broadband fixed wireless DSL networks, is expanding its operations in China to take advantage of the country's rapidly growing telecom market.

The company today announced the opening of an office in Shanghai, which will initially provide sales and technical support to its increasing customer base in China.

Airspan Communication (Shanghai) Co. Ltd, will be headed by telecom veteran Jian Qiu, who has more than 15 years of wireless telecom experience gained from working with prestigious companies in Canada and China. Qiu will lead a strong and dedicated sales and technical support team in providing local customers with world-class wireless solutions and excellent after-sales support service.

"Jian brings in 15 years of relevant telecom experience and fully understands the local telecom market in China," said Henrik Smith-Peterson, president of Asia for Airspan. "We believe that through his leadership, Airspan Communication (Shanghai) Co. Ltd. will be in the forefront of the wireless technology market in China. Through this office, we also want to show our commitment in China and its importance as one of the biggest and fastest growing telecom markets in the world."

Qiu indicated the Chinese market holds great promise for Airspan. "The anticipated entry of China to the World Trade Organization (WTO), as well as the growing telecom market, has resulted in the increase of telecom operators in China. We believe the Chinese fixed wireless market will soon offer a great business potential. By opening a new office in Shanghai, we will be in a better position to capture a large share of the wireless market by providing local operators wireless solutions that would allow them grow their business and increase their subscribers," said Qiu.

Telecom service providers in China have shown a keen interest in Airspan Network's AS4000 wireless access system, which offers point-to-multipoint delivery of a wide range of telecommunication services including premium telephony, high-speed packet, leased line data and ISDN links. The system has coverage of up to 25km from base with quality of service exceeding traditional copper wire systems. It has frequencies ranging from 900MHz to 4 GHz.

About Airspan Networks

Airspan provides wireless DSL systems and solutions to operators around the world with licenses in frequency bands between 900 MHz to 4 GHz, including both PCS and MMDS. The company has deployments with more than 50 operators in more than 40 countries. Airspan's systems are based on radio technology that delivers excellent area coverage, high security and resistance to fading. Airspan's 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. More information on Airspan can be found at http://www.airspan.com

This press release contains forward-looking statements relating to future events or future financial performance that involve risks and uncertainties. These statements are only predictions and actual results could differ materially from those anticipated in these statements based on those factors identified in the company's filings with the SEC. The words "believe", "expect", "intend", "anticipate", variations of such words and similar expressions identify forward-looking statements but their absence does not mean that the statement is not forward looking. Forward-looking statements in this press release include, without limitation, the statements that the telecom market in China is rapidly growing, that providers in China are keen on Airspan's wireless solution, that the wireless market in China will offer a great business potential and that opening an office in China will position the company to capture a large share of the Chinese fixed wireless market. These statements are not guaranties of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this announcement.