Airspan Brings WiMAX Powered Fixed Communication Services to Vodafone Malta

BOCA RATON, FL--(Marketwire - June 22, 2007) - Airspan Networks Inc. (NASDAQ: AIRN), a leading worldwide provider of WiMAX and Wi-Fi based broadband wireless access networks, today announced that its HiperMAX base station and customer premise equipment (CPE) are being deployed by Vodafone to launch its first commercial WiMAX network in Malta. In line with its "Mobile Plus Strategy," this network is among Vodafone's first WiMAX deployments worldwide, bundling together its mobile and fixed offerings to provide broadband data and VoIP services to residential and business customers.

Airspan's flagship HiperMAX is a state of the art WiMAX base station designed for high-density deployment situations such as Vodafone's network in Malta. It is particularly well suited for this kind of deployment in dense metropolitan areas with its capabilities for software upgrades from fixed to mobile WiMAX.

Joseph Muscat, Chief Technical Officer of Vodafone Malta, commented: "We are pleased to announce the launch of our network in Malta, providing bundled Mobile, Fixed Voice, and Data services using Airspan's leading WiMAX products. Airspan has been very responsive to our needs and has provided excellent technical support as we've worked our way through this milestone deployment."

Eric Stonestrom, Airspan's president and chief executive officer, added: "As the market grows for reliable wireless services, WiMAX is quickly becoming a viable alternative to fixed 'last-mile' broadband access solutions. Vodafone's commercial launch of WiMAX validates the need for this technology and we are pleased to be a part of this important step with a leading carrier. We believe Vodafone's confidence in choosing Airspan as a partner validates our technology, product and service offering."

About Vodafone

Vodafone is the world's leading international mobile communications group with operations in 25 countries across five continents and over 200 million proportionate customers by the end of January 2007, as well as 38 partner networks. For further information, please visit www.vodafone.com

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.

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 31 December, 2006 and Form 10-Q for the first quarter ended 1 April 2007. 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.

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

Contact Information: For Investor Relations and Media Inquiries, contact: Airspan Networks 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