The Bahamas Telecommunications Company Ltd. - BTC - Selects Airspan for Wireless DSL Access.

Business Editors/Technology Writers

BOCA RATON, Fla.--(BUSINESS WIRE)--Feb. 6, 2003

Airspan's AS4000 System Will Provide Wireless Access For 1,000

Subscribers on Family Islands

Airspan Networks, Inc. (Nasdaq:AIRN), a leading global provider of fixed broadband wireless DSL networks, announced today that it has been selected by the The Bahamas Telecommunications Company Ltd. (BTC) to provide wireless DSL access to 1,000 subscribers on three Family Islands.

Airspan's AS4000 access technology will provide wireless access in the 2.0-2.3GHz frequency range to BTC subscribers on the Family Islands of Acklins, Crooked Island and Mayaguana. In the first phase, more than 300 subscribers will be serviced immediately.

"We made a commitment to the people of Acklins, Crooked Island and Mayaguana to deliver quality phone service," said Leon Williams, chief operating officer and senior vice president of operations. "Now, it's satisfying to be implementing those plans and to also be providing them with the combination of voice and high-speed Internet services. Airspan's fixed wireless access technology helped us achieve this milestone. We hope to expand our rollout with Airspan to other Family Islands later this year."

Since expanding its deployments to more than 50 countries, Airspan's access technology has been providing high-quality telephony and Internet services to people who otherwise have had no communications access.

"It is truly exciting to have our technology provide telephony service to communities which have never had it before," said Dick Lee, Airspan's vice president of sales for the Caribbean. "We're honored to be The BTC's supplier of choice and we look forward to expanding this initial coverage to other locations in The Bahama islands as our partnership with The BTC flourishes."

Residential and business subscribers on the three Family Islands will enjoy single and multiple line options being provided by the AS4000 system for voice services, with dial-up Internet service at 32 or 64kbps upstream and a maximum of 512kbps speed downstream. High-end customer applications will also be supported, providing up to 128kbps upstream speed.

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.