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Airspan Selected by Guineanet for 4G Network in Equatorial Guinea

Providing High-Speed 4G Services to Residents and Businesses

CAPE TOWN, SOUTH AFRICA -- (Marketwire) -- 11/13/12 -- AfricaCom 2012 -- Airspan Networks Inc., a leading provider of broadband wireless access networks, announced today that Guineanet, an Internet service provider in Equatorial Guinea, has been expanding its 4G broadband network operating in the 700 MHz frequency band, using Airspan's Air4G powerful, compact, macro base station.

The deployment commenced in June 2011 and has been expanding since, extending covering in Malabo, the country's capital, and Bata, the largest city in Equatorial Guinea. The Guineanet network offers customers high-speed broadband communication for data and VoIP services as well as Wi-Fi hotspots for multi-device connectivity. Having deployed the Airspan's Air4G, Guineanet will benefit from the product's integration of LTE and WiMAX platforms, enabling the company to migrate the network infrastructure to LTE simply and affordably, with a software-only upgrade. This will enable Guineanet to continue to serve WiMAX customers while introducing LTE customers at its own pace.

"Airspan's solutions have perfectly suited our business model and our expansion plans," commented Tim Edwards, CEO and co-owner of Guineanet. "We chose Airspan for their impressive product performance, exceptional customer service, our long-term relationship, competitive pricing and the availability of a 700 MHz product. We have been extremely satisfied with their products and attentive service and look forward to continuing our network expansion and migration to LTE."

Amit Ancikovsky, President of Products and Sales, added, "Guineanet is another in a series of commercial wins announced this year in the Africa region. Africa is a rapidly adopting 4G market segment and a key target for Airspan. Our 4G technology delivers broadband services to many people that haven't had access to broadband previously. We have a solid understanding of the African market and of Guineanet's needs and challenges. We are happy to serve Guineanet and their customers while helping to drive economic growth in the region."

Airspan solutions address the needs of carriers, operators and industrial applications across the globe. With a comprehensive suite of 4G base stations, user devices and core network products, Airspan provides a solution for any wireless network. Airspan solutions cover a variety of licensed and unlicensed frequency bands ranging between the 150 MHz and the 6 GHz band.

About Guineanet
Guineanet is a wireless Internet service provider in Equatorial Guinea operating in the 700 MHz frequency band. Guineanet offers exceptional customer service, providing businesses and residents in Malabo and Bata with Internet connectivity and VoIP. The current network operates on a WiMAX platform with future migration plans to LTE.

About Airspan Networks Inc.
Airspan (PINKSHEETS: AIRO) is a leading 4G wireless solution provider. With over 1000 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 150 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.

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