BOCA RATON, FL--(Marketwire - April 21, 2008) - Airspan Networks Inc. (NASDAQ: AIRN), a leading worldwide provider of WiMAX based broadband wireless access networks, today announced that Vodacom Lesotho, a subsidiary of Vodacom Group has selected Airspan as its preferred WiMAX supplier. Airspan will supply its MicroMAX base stations in the 3.3 - 3.5 GHz frequency band in addition to CPEs (customer premise equipment). The contract is through Airspan's reseller partner, TVS.

Vodacom is a Pan-African cellular communications company providing a world class GSM service to more than 23 million customers in South Africa, Tanzania, the Democratic Republic of the Congo, Lesotho and Mozambique. Vodacom South Africa launched its 3G network in December 2004 and its 3G HSDPA network in March 2006. Vodacom Lesotho launched its commercial operations in May 1996 and is considered to be of strategic geographic importance to the Vodacom Group.

Vodacom Lesotho currently holds 80% of the GSM market in Lesotho and has more than 400,000 subscribers. They will use Airspan's WiMAX solution to introduce high quality IP data services to their current subscriber base as an alternative to fixed line broadband access. Airspan's solution is ideal for rapid deployment especially in the rural areas where traditional cable infrastructure is challenging to deploy. However, in compliance with its license requirements, VoIP service will not be offered by Vodacom Lesotho.

"This contract win once again highlights the flexibility and scalability of Airspan's base stations and CPEs. Our WiMAX solution will enable Vodacom Lesotho to offer world class data services at more affordable rates to the fixed line alternatives currently available in the Lesotho market," commented Anders Rendahl, Airspan's Senior Vice President of Sales and General Manager of EMEA.

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 TVS

TVS is a Johannesburg, South Africa based systems integrator with operations more than 15 African countries, specializing in infrastructure design and implementation. TVS has built a solid track record in the Southern African region for delivering world class systems to Telco's and Celco's alike.

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.

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 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: