Airspan Networks Launches WipLL in Mexico; The WipLL Deployment in Mexico City Inaugurates Key Latin American Market For Airspan.

Business Editors/High-Tech Writers

BOCA RATON, Fla.--(BUSINESS WIRE)--Feb. 27, 2003

Airspan Networks, Inc. (Nasdaq:AIRN), a leading global provider of fixed broadband wireless DSL networks, announced today its first fixed wireless access network deployment in Mexico, with the sale of its WipLL system to Telecosmo an affiliate of Unefon, S.A de CV.

Telecosmo owns licensed spectrum in the 3.4 GHz frequency range throughout the entire country. It will initially deploy Airspan's high-speed Internet WipLL system in the capital city of Mexico City to serve residential and small business subscribers not being served by traditional wired broadband providers such as Telmex (Telefonos de Mexico, S.A. de CV).

In conjunction with the sale, Telecosmo and Airspan have entered into a supply agreement which enables the Mexican company to purchase WipLL subscriber units and its related infrastructure in 2003 in order to expand its initial rollout phase to areas outside of the city.

"The Mexican Internet access market is experiencing significant growth, however, broadband access penetration is extremely low and is expected to explode in the following years," said Jesus Celorio, chief operating officer of Telecosmo. "With Airspan's WipLL technology, Telecosmo will be able to enter the market with high quality services at reasonable prices positioning the company as the best alternative for the consumer."

WipLL enables end users to enjoy a reliable, high-speed Internet connection, while providing operators an opportunity to grow their subscriber base quickly and efficiently without the high capital expenditures associated with the trenching of underground telephone lines in environments where telecommunications infrastructure is poor.

"We're excited about completing our first transaction in Mexico," said Dave Reeder, Airspan's vice president of sales for North America. "This is a significant deal because it opens up a huge Latin American market for Airspan. The Mexican market is similar to the U.S. market, with large incumbent providers and developed networks. Our entry with such a reputable provider can serve as a catalyst to help Airspan assert itself as the premier fixed wireless equipment provider in the region."

The Mexico contract signing follows one month after Airspan announced its first sale of WipLL in the Americas region to ILLUMINAT of St. Maarten in the Caribbean. Airspan has also announced efficient pricing packages for operators deploying smaller WipLL networks in the United States, in response to the U.S. Department of Agriculture's $1.4 billion grant program for rural telecommunications providers.

More then two million of Mexico's 3.4 million Internet users reside in Mexico City. But less than 75,000 users have a wireless broadband connection today. According to the International Data Corporation (IDC), the number of people accessing the Internet in Mexico will almost double by the end of 2004. More than one million of those users will be connected via a high-speed wireless broadband solution, representing a wireless broadband penetration growth from current levels of three percent to more than 17 percent. This indicates that in the next two years, more than one million wireless broadband connections will be established in Mexico.

About Airspan Networks

Airspan Networks provides wireless DSL systems and solutions to both licensed and unlicensed operators around the world in frequency bands between 900 MHz to 4 GHz, including both PCS and 3.5GHz. The company has deployments with more than 102 operators in more than 57 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. Airspan's main operations are based in Uxbridge, United Kingdom with a WipLL product research and development facility in Lod, Israel, employing approximately 60 people. More information on Airspan can be found at http://www.airspan.com

About Telecosmo

Telecosmo is the brand name under which Operadora de Comunicaciones, S.A. de C.V., a subsidiary of Unefon, S.A. de C.V. provides wireless broadband Internet access. Operadora de Comunicaciones holds licenses in the 3.4 GHz frequency band for all of the nine regions of Mexico.

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. 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.