Airspan Networks Provides New Method for PCS Spectrum Revenue; Airspan's PacketDrive is the First Broadband Wireless Access Technology to be Used in Formerly All-mobile PCS Bands.

Business Editors, High-Tech Writers

SUNRISE, Fla.--(BUSINESS WIRE)--April 16, 2001

Airspan Networks, Inc. (Nasdaq:AIRN), a leading worldwide equipment provider of wireless DSL networks, has introduced a unique method for generating significant revenue streams for PCS spectrum holders from the use of broadband wireless access technologies.

Airspan's solution allows operators to provide high-speed Internet access and voice services to its growing residential DSL customer base in a more efficient and cost effective manner, addressing the needs of PCS spectrum holders who are actively evaluating alternative business plans for maximizing the value of their spectrum as mandated by the FCC in its approaching five-year usage requirement.

Today, many of Airspan's U.S. customers are using the AS4000 wireless DSL platform to provide voice and high-speed Internet access in the communities in which they provide PCS services. One of Airspan's customers, Long Lines Ltd. based in Sergeant Bluff, Iowa, is maximizing its spectrum investment by using Airspan systems.

"Airspan's technology allows our CLEC partnerships to offer a highly competitive, revenue generating service, while maintaining their requirement to build out," said Tony Mau, president of Long Lines' Diversified Holdings Unit. "We partner with local private and public entities to provide rural communities with voice and high-speed data services to erase the digital divide. By owning and controlling the access network for these services, our business plan is much stronger."

With the FCC-mandated usage rule approaching, Airspan Networks executives see a natural fit with many PCS spectrum owners.

"Long Lines is a perfect example of a forward-looking ILEC/CLEC who participated in the PCS auctions and are maximizing the revenue potential of that spectrum rather than sit on it and wait for a killer mobile application," said Eric Stonestrom, CEO of Airspan Networks. "We are seeing the interest for fixed wireless among PCS spectrum holders increase dramatically."

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 statement that Airspan's solution will generate significant revenue streams for PCS spectrum holders. 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.