Poland's Pilicka Telefonia Purchases from Airspan's Three Complementary Product Lines.

Business Editors/High-Tech Writers

BOCA RATON, Fla.--(BUSINESS WIRE)--Dec. 23, 2003

Airspan Networks, Inc. (Nasdaq:AIRN), a leading worldwide provider of broadband fixed wireless DSL networks, announced today that it has signed an agreement with Pilicka Telefonia Sp. z o.o. of Poland to purchase AS4020 equipment and WipLL equipment to expand their existing network, and to purchase expansion equipment for their 18,000-line Proximity wireless network. Pilicka's current network footprint includes five cities in the Radom region and they are currently expanding their voice and data offerings into three additional cities.

A frame contract and supply agreement has been signed with deliveries beginning this month and additional expansion expected in 2004.

John Tesmer, CEO of Pilicka commented: "We have evaluated many network products and find Airspan's portfolio to have the right balance of capabilities and economics. Our business is expanding based on the cost effective WipLL products to provide broadband data in areas already served by our Proximity voice system and we plan to deploy AS4020 in the new areas providing an integrated voice and data offering to new customers. We look forward to a mutually beneficial relationship as we expand our network in Poland to capture growth in this fast growing market"

"Airspan is pleased to be working with Pilicka, a very experienced wireless operator", said Jonathan Paget, Airspan's chief operating officer. "We first collaborated on WipLL for business applications and AS4020 was selected on its merits as the most cost effective integrated voice and broadband data solution available. Now, the addition of Proximity in our portfolio makes us a full service shop for this customer. We expect to see similar trends with many of the other existing Proximity customers as the expanded product range broadens the number of applications."

Telephony market penetration in Poland is about 38 percent of population and the Internet access market about 12 percent of population, representing approximately $800 million in revenues per year for both services. Recent reports indicate that the home Internet access market is growing just as rapidly as the business segment. Today, only about eight percent of Internet users in Poland have broadband access.

About Pilicka Telefonia

Pilicka Telefonia is a local telecommunications operator that has been operating in Poland since 1997. Pilicka Telefonia provide fixed-line telephone services in the areas of three former voivodships: Radom, Piotrkow and Tarnobrzeg. Their shareholders are four US telecommunications companies: HunTel Systems Inc., D & E Investments Inc., EuroTel L.L.C. and Consolidated Companies Inc. Pilicka Telefonia has a highly-skilled team of professionals, who are continually evaluating and developing new effective solutions to satisfy their customers' changing needs. This approach has received wide recognition from both residential customers and large companies, who expect to receive comprehensive telecommunications services from their telephone service provider.

More information on Pilicka Telefonia can be found at http://www.pilicka.com.pl

About Airspan Networks

Airspan Networks provides wireless DSL systems and solutions to both licensed and unlicensed operators around the world in frequency bands between 700 MHz to 6 GHz, including both PCS and 3.5GHz international bands. Airspan continues to evolve its products toward the proposed 802.16d IEEE standards, and is an active member of the WiMAX Forum. The company has deployments with more than 160 operators in more than 60 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 is headquartered in Boca Raton, Florida with its main operations center in Uxbridge, United Kingdom.

More information on Airspan can be found at http://www.airspan.com

This press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Statements made in this press release that are forward-looking are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Without limiting the generality of the foregoing, words such as "may", "will", "to", "plan", "expect", "believe", "anticipate", "intend", "could", "would", "estimate", or "continue" or the negative other variations thereof or comparable terminology are intended to identify forward-looking statements. The forward-looking statements also include statements concerning Airspan's ability to seize growth opportunities, earn cash and add to revenues and earnings, and are subject to risks and uncertainties that could cause actual results to differ materially. Investors and others are cautioned that a variety of factors, including certain risks, may affect our business and cause actual results to differ materially from those set forth in the forward-looking statements. These risk factors include, without limitation, (i) a slowdown of expenditures by communication service providers; (ii) increased competition from alternative communication systems; (iii) the failure of our existing or prospective customers to purchase products as projected; (iv) our inability to successfully implement cost reduction or containment programs; and (v) a loss of any of our key customers. The Company is also subject to the risks and uncertainties described in its filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2002.