BOCA RATON, FL--(Marketwire - October 16, 2008) - Airspan Networks, Inc. (NASDAQ: AIRN), a leading provider of WiMAX-based broadband wireless access networks, announces that Comarch, a global IT business solutions provider and systems integrator, has selected Airspan's WiMAX solution for a high-speed WiMAX network deployment by Promonte, a subsidiary of Telenor and the largest mobile operator in Montenegro.

Comarch and Promonte plan a country-wide WiMAX deployment to provide Montenegrin businesses with high-quality IP services, delivered through Airspan's flexible and easy-to-install subscriber terminals. The first phase of deployment includes 10 Airspan base stations already installed in the major cities of Montenegro (Podgorica and the largest holiday resorts), with immediate plans to continue the deployment with additional base stations throughout the country.

Anders Rendahl, Airspan's VP of Sales and General Manager for EMEA, stated, "We are looking forward to the continued partnership with Comarch and the next phases of the Promonte network deployment. This deployment is further evidence of Airspan's strong and growing presence in the Balkan region and Europe at large, achieved by offering the most diverse and robust WiMAX solution."

Piotr Piatosa, VP Telecommunications, Comarch SA, stated, "When Promonte decided to expand their mobile services portfolio to offer IP-based services, it became apparent that WiMAX technology would best suit their needs and even clearer that Airspan was the best choice to supply that solution. A growing economy in Montenegro and Promonte's strong positioning within the country created the perfect opportunity for Comarch to partner with Airspan to create a large and successful WiMAX network."

The nationwide project focuses on three areas: construction of the WiMAX access network, deployment and integration with the transport network, and access to WiFi infrastructure and core equipment (OSS/BSS systems, routing & switching). The construction of the WiMAX network includes delivery and installation of WiMAX base stations in major cities of the country. The last stage of the project includes installation of OSS/BSS systems and core routing/switching equipment.

In a country with a population of less than 700,000, Promonte has more than 450,000 subscribers, and is thus the largest mobile provider in Montenegro. After launching mobile services in 1996, Promonte quickly developed the network coverage across the country, overcoming the geographical challenges presented by the mountainous terrain of this Balkan country. A technology-hungry society, Montenegro has one of Europe's highest mobile telephone penetration rates, coupled with a low broadband subscriber density making it well positioned to adopt a WiMAX network to meet Internet access needs.

About Comarch Telecommunication Sector

Since 1993, Comarch's Telecommunication Sector has been specializing in designing, implementing and integrating solutions and services for telecommunication operators. Experience gained during this time, along with its knowledge of the latest industry trends, allows the company to flexibly adapt itself to the needs and expectations of every client. Comarch's widely developed activity, both in Poland and abroad, is the strongest confirmation of its high-quality solutions in the areas of billing, inter-partner settlements, and the management of telecommunication networks, services and value-added services. The telecommunication sector's offer is primarily addressed to fixed, mobile and VoIP operators, cable TV networks, internet service providers and MVNO operators.

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 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: Charlotte Laurent-Ottomane Investor Relations Tel. +561 395 4581 Email: