BCL of New Zealand Begins National Deployment With US$7 Million Of Airspan's Wireless DSL Equipment.

Business Editors/High-Tech Writers

BOCA RATON, Fla.--(BUSINESS WIRE)--Jan. 29, 2003

BCL Will Use Airspan's Technology To Provide High-Speed Internet 

Access and Voice Services To New Zealand Rural Customers

Airspan Networks, Inc. (Nasdaq:AIRN), a leading worldwide provider of broadband fixed wireless DSL networks, announced today that Broadcast Communications Limited (BCL) of New Zealand has ordered $7 million of its wireless DSL equipment to provide broadband wireless access services to business and residential customers in rural locations.

BCL is a wholly New Zealand-owned open-access wholesale wireless provider with a network that presently delivers broadcasting and communications solutions to more than 90 percent of the country. BCL is poised to begin a nationwide rollout of a full service carrier class wireless platform that will deliver a wholesale voice and data telecommunications service for New Zealand's retail service providers.

The significant order comes upon completion of a successful field trial by BCL to provide wireless high-speed Internet services in the Taranaki region of New Zealand. "We were very encouraged by the efficiency of Airspan's technology," said Mr. Geoff Lawson, Managing Director for BCL. "Airspan's wireless DSL solution clearly proved to be the most reliable and efficient option for us and we're excited about the many business opportunities this provides for BCL and its customers."

BCL had been carrying out tests with delivery of carrier class, toll quality voice services and high speed always-on broadband services using Airspan's technology in non, near and line of sight deployments to 40-plus kilometer range.

The BCL project, utilizing Airspan wireless DSL technology will deliver, depending on individual customer Service Level Agreements, download controlled speeds burstable to a cap of 2 megabits per second.

One of the main drivers behind the project is to help increase broadband penetration across New Zealand. BCL is focusing its build on rural and provincial New Zealand.

"We are pleased with this contract award, our biggest yet in the region, which highlights our leadership position both technologically and from an economic perspective in the region," said Henrik Smith-Petersen, president of Asia-Pacific for Airspan. "Our partnership with BCL will provide New Zealanders with increased broadband availability."

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

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.