Airspan Continues to Supply Telenor With WiMAX Solutions in Significant Network Expansion

BOCA RATON, FL--(Marketwire - September 22, 2008) - Airspan Networks, Inc. (NASDAQ: AIRN), a leading provider of WiMAX-based broadband wireless access networks, announced today that Telenor has awarded Airspan a contract to expand their national network across Norway, as part of its multi-year agreement. Using Airspan's WiMAX solutions, Telenor will be offering business and residential high-speed data services in several additional regions nationwide.

Serving rural areas previously unreached by broadband, WiMAX solutions from Airspan will enable Telenor to deliver IP services to thousands of new subscribers. Airspan's product portfolio offers the flexibility in range, capacity and cost to meet Telenor requirements for a robust WiMAX solution that provides carrier-class features such as advanced Quality of Service.

Bjørn Netland, Director Broadband Platforms of Telenor, commented, "We have enjoyed our ongoing relationship with Airspan and look forward to a continued and long-lasting partnership. The Airspan solutions interface to our existing Broadband delivery systems and perfectly meet our needs enabling us to successfully build our network and achieve our business objectives. This second phase deployment is well under way and will continue through several months."

"Airspan continues its commitment to Telenor and is providing them with equipment and support they need to build a profitable and sustainable business," commented Anders Rendahl, Airspan's Senior Vice President of Sales and General Manager of EMEA. "Telenor is only one of several carriers utilizing WiMAX as the best solution to reach underserved markets. Airspan is an ideal partner in this market sector, with a rapid deployment and scalable expansion plan."

About Telenor

Headquartered in Oslo, Norway, Telenor is the leading provider of fixed-line telecommunications services, and is strongly positioned in the rapidly growing Nordic broadband market. Offers include analogue and digital fixed-line telephony, as well as broadband voice over IP, Internet access, value-added services and leased lines. Telenor is also emerging as one of the fastest growing providers of mobile communications services worldwide, with ownership interests in 12 mobile operators and more than 143 million mobile subscribers internationally. Telenor is noted on the Norwegian stock exchange Oslo Børs (TEL).

About Airspan Networks Inc.

Airspan is the industry's leading WiMAX pure player, ranked #1 for IEEE802.16-2004 WiMAX revenue in 2007 and has now been selected for some of the world's largest mobile WiMAX deployments. With direct sales offices throughout Asia, EMEA and the Americas, a worldwide network of resellers and agents, and partnership alliances with major OEMs, Airspan boasts over 100 commercial WiMAX deployments worldwide. 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, 2007 and in the Company's 2008 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: dbrant@airspan.com Charlotte Laurent-Ottomane Investor Relations Tel. +561 395 4581 Email: clottomane@airspan.com