Nepal Telecom Selects Airspan for 4G Countrywide Coverage

BOCA RATON, FL--(Marketwire - Feb 22, 2012) - Airspan Networks Inc., a leading provider of 4G broadband wireless access networks, announced today that Nepal Telecom (NT) has selected its 4G equipment for a countrywide deployment throughout the nation of Nepal. The network will provide high-speed data services to thousands of residents and businesses.

The NT network is incorporating Airspan's high-power, all outdoor macro base station, Air4G, and is operating in the 2.3-2.4 GHz frequency band which was assigned to NT last year. Subscribers will be equipped with a variety of user devices including outdoor mounted units for longer range, indoor self-install units and USB devices for true mobility.

The deployment is scheduled to be completed within 360 days of the contract sign date. At completion, 58 municipalities and all 3,915 VDCs throughout Nepal will be connected. A VDC in Nepal is the lower administrative part of its local development ministry.

Amar Nath Singh, NT Managing Director, said, "After careful evaluation of several competing technologies, we found Airspan to offer the most comprehensive and cost-effective solution that would enable us to meet the deployment schedule requirements and deliver the promised capacity and throughput."

"We are extremely proud of this commercial win," commented Amit Ancikovsky, Airspan President of Products and Sales. "The competition for this deployment was intense, but Airspan was able to substantiate its leading technological capabilities and emerge with the product of choice. We are looking forward to working with NT, assisting them in their deployment and in delivering broadband across the nation."

Airspan will be displaying its comprehensive product portfolio, including the Air4G, at the Mobile World Congress exhibition in Barcelona, February 27 through March 1, Booth #1C53.

Airspan products include Macro, Pico and Micro base stations, a wide variety of user devices, and advanced core network products, providing 4G LTE and WiMAX connectivity solutions operating in the 700 MHz up to 5.9 GHz bands.

About Nepal Telecom
Nepal Telecom was previously a government controlled corporation, but was converted to a public limited company on April 14, 2004. Nepal Telecom is a progressive, customer spirited and consumer responsive entity which is committed to providing nationwide reliable telecommunication service to serve as an impetus to the social, political and economic development of the country. Our vision is to remain a dominant player in the telecommunication sector while also extending reliable and cost effective telecommunication services to every nook and corner of the country.

About Airspan Networks Inc.
Airspan (PINKSHEETS: AIRO) is a leading 4G wireless solution provider. With over 500 customers in over 100 countries and as a top vendor for carrier-class broadband wireless solutions, Airspan is recognized as a leader and pioneer in 4G and broadband wireless technologies. Providing an expansive product portfolio, Airspan offers customers the widest selection of 4G products in the industry with an unsurpassed level of technology to benefit their business case. Airspan has solutions spanning the 700 MHz to 6 GHz frequency bands.www.airspan.com.

Oak Investment Partners XI, Limited Partnership holds a controlling interest in Airspan. Airspan is not subject to the informational reporting requirements of the Securities Exchange Act of 1934 and, accordingly, does not file reports, financial statements, proxy statements, information statements or other information with the Securities and Exchange Commission. This press release contains forward-looking statements. 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. We do not assume any obligation to update any forward-looking statements.