Airspan's WiMAX Solutions Selected by Agile Communications in Australia

BOCA RATON, FL--(Marketwire - February 14, 2008) - Airspan Networks Inc. (NASDAQ: AIRN), a leading worldwide provider of WiMAX based broadband wireless access networks, today announced that its MicroMAX 3.4 GHz base stations and corresponding ProST subscriber terminals have been selected by Agile Communications, a regional telecommunications service company that is part of the Internode group. Internode is one of Australia's leading nationwide broadband service providers. In addition to metropolitan broadband service provision across Australia, the company has been designing and rolling out innovative and sustainable broadband and voice services in regional South Australia for more than 7 years.

For 6 months last year, Agile carried out extensive field testing of Airspan's 3.4 and 5.8 GHz WiMAX equipment for use throughout South Australia's Yorke Peninsula and Coorong regions, covering over 15,000 square kilometers. The culmination of that testing coincided with the Australian Government's announcement on October 17th, 2007 that Internode would be providing broadband services across those regions under the "Australian Broadband Guarantee" program. Since then over 10 base station sites have been installed and commissioned and customer premises unit installations have begun.

"Airspan's broad coverage MicroMAX system is well suited for Internode's needs. In the wide-ranging testing carried out, we have confirmed the reliability of the MicroMAX system to cover the terrain necessary to reach our end users. With speeds exceeding 6 mbp/s at distances of 30km and greater, this proven performance is paramount to providing service under the Australian Broadband Guarantee program," said Internode managing director Simon Hackett.

"The Australian WiMAX market continues to gain momentum and we are pleased that Airspan has been there from the beginning with a regional presence through our fully owned incorporated subsidiary, Airspan Networks Pty Ltd, based in Sydney," said Grant Stepa, Airspan's Managing Director & Vice President Australasia

Airspan's MicroMAX system provides a low-cost, high-performance point-to-multipoint IEEE 802.16 compliant solution. This OFDM based architecture is suited to deliver high-speed data, Voice Over IP (VoIP), and multimedia services to residential, SOHO (small office/home office), and SME (small medium enterprise). MicroMAX offers service providers an integrated access solution, providing quick-to-market deployment and low-market entry cost for broadband services in an expandable "pay as you grow" model.

About Agile

Agile Communications is an innovative licensed telecommunications carrier based in Adelaide, South Australia. Agile is Internet Protocol based carrier, using innovative packet switching technology to achieve price-performance points unavailable through old-world, circuit-switched carrier networks. Our packet switching and IP network building expertise builds on the experience and market presence of our sister company, Internode, a company with day-one experience in Internet technology in Australia. Agile delivers solutions around a variety of hardware platforms, including fiber, copper, laser and broadband radio data carriage systems, all connected with high-performance packet switching equipment to create a single, seamless, carrier data network. Agile delivers IP based voice service offerings which run over our high performance packet switched data network. For more information, visit www.internode.com.au and www.agile.com.au

About Airspan Networks Inc.

Airspan Networks provides wireless voice and broadband data systems and solutions for the fixed and mobile WiMAX and Wi-Fi markets, including Voice Over IP (VoIP). Its wireless products serve operators around the world in both licensed and unlicensed frequency bands between 700 MHz and 6 GHz. Airspan has a strong wireless product roadmap that includes WiMAX Forum Certified equipment and products meeting 802.11 a/b/g Wi-Fi standards. Airspan's HiperMAX and MicroMAX base station products support portable and mobile 802.16e-2005 WiMAX alongside fixed and nomadic 802.16-2004 products. Airspan products also include "self install" and professionally installed customer premise equipment. Airspan is on the Board and is a founder member of the WiMAX Forum and a member of the Wi-Fi Alliance. The Company has deployments in more than 100 countries with more than 400 operators, 100 of which use Airspan's WiMAX Forum Certified and non-certified products. Airspan's wireless systems are based on radio technology that delivers excellent area coverage, high security and resistance to fading. These 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 an international telecommunications equipment provider headquartered in Boca Raton, Florida. More information on Airspan can be found at http://www.airspan.com

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, including statements regarding our strategy, future operations, financial position, future revenues, projected costs, prospects, plans and objectives of management, may be deemed to be forward-looking statements. The words "anticipates," "believes," "estimates," "expects," "intends," "may," "plans," "projects," "will," "would" and similar expressions or negative variations thereof are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements and you should not place undue reliance on our forward-looking statements. There are a number of important factors that could cause actual results or events to differ materially from the plans, intentions and expectations disclosed in the forward-looking statements we make. Investors and others are therefore 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. The Company is 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, 2006 and in the Company's 2007 Quarterly Reports on Form 10-Q. You should read those factors as being applicable to all related forward-looking statements wherever they appear in this press release. We do not assume any obligation to update any forward-looking statements.

Contact Information: For Investor Relations and Media Inquiries, contact: David Brant Senior Vice President & Chief Financial Officer Airspan Networks Inc. Tel: +1 561 893-8650 Fax: +1 561 893-8681 Email: Charlotte Laurent-Ottomane Investor Relations Tel. +561 395 4581 Email: