Airspan Wins Expansion WiMAX Contract With Multimedia in Poland

BOCA RATON, FL--(Marketwire - December 9, 2008) - Airspan Networks, Inc. (NASDAQ: AIRN), a leading provider of WiMAX-based broadband wireless access networks, and Multimedia Polska, a provider of triple play services and solutions across Poland, announced today an expansion contract for the delivery of Airspan's WiMAX solutions in the 3.5GHz and 5.9GHz frequency bands. This order for delivery in 2008 includes both fixed and mobile-ready base station equipment as well as feature-rich Customer Premises Equipment (CPE) units enabling value-added services such as voice-over-IP (VoIP).

Multimedia Polska originally selected Airspan in 2007 for a project to substitute an old radio access system working in the 2.4GHz band with a newer, more dependable and higher-capacity WiMAX network. This new expansion order is an opportunity to continue Multimedia's main goal of replacing CT2 and DECT systems with WiMAX. Airspan's WiMAX solutions give Multimedia Polska the ability to quickly expand broadband data and voice services in the area without the need for expensive and slow-to-build cable infrastructure.

"We are delighted at Multimedia's vote of confidence in Airspan's WiMAX solutions as evidenced by these additional orders. Multimedia Polska has an aggressive vision centered on differentiation and customer satisfaction -- this is a vision we share," said Anders Rendahl, Airspan's Senior Vice President and General Manager EMEA.

Andrzej Rogowski, Multimedia Polska CEO, adds, "High quality residential and business voice and high-speed data are essential elements of our business. We look forward to a continued beneficial relationship with Airspan."

Poland and Eastern Europe have long been successful and important markets for Airspan's WiMAX solutions. These economies have increasing broadband access demand that is driving WiMAX adoption. Airspan's presence across the countries of this region, amongst carriers, distributors and field offices, continues to position the company for success.

About Multimedia Polska

Multimedia is one of the leading Polish providers of triple play, a service which combines cable TV, voice and broadband internet. The company operates across Poland in over 2,000 locations. As of 30 September 2008, Multimedia provided its services to a total of some 647,000 customers. On aggregate, its clients subscribed to over 1.08 million services (RGUs) including cable TV, internet, telephony, premium channels and other.

Multimedia is among the most innovative Polish operators always introducing new products and innovative solutions. The Company offers digital television for cable subscribers, high-definition television (HDTV) and, as the first cable operator in the country, video on demand (VoD).

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 Inquiries, contact: Charlotte Laurent-Ottomane Investor Relations Tel. +561 395 4581 Email: clottomane@airspan.com For Media Inquiries, contact: Dori Erann Director Marketing Communications Airspan Networks Inc. Tel. +561.893.8687 Email: derann@airspan.com