BOCA RATON, FL--(Marketwire - May 30, 2012) - [ Airspan Networks ] Inc., a leading provider of broadband wireless access networks, announced today that it has been chosen by Millenium Telecom Centrafrique for a 4G Wireless deployment in Central African Republic (CAR).

Millenium, a new Internet Service Provider, is the first mobile broadband operator in CAR, founded in April 2011, with the aim to provide reliable and affordable high-speed Internet access to individuals & businesses.

The initial deployment is focused on delivering mobile [ 4G ] data services to approximately 1,000 users in Bangui, the capital of CAR. Subsequent phases will expand service to 10,000 consumer and corporate users throughout the city.

Using Airspan's leading-edge [ Air4G ] macro cell solution, the deployment incorporates a wide selection of user devices including long-range outdoor, self-install indoor, and USB devices. Millenium offers VPN services to corporations and organizations, Wi-Fi hotspot capabilities in hotels and restaurants and pre-paid card services to consumers.

"We are very happy to work with Airspan on the first wireless high-speed Internet network in CAR," commented Souleymane Diallo, Founder & CEO of Millenium Telecom. "With Airspan's Air4G platform, we will be able to provide the best quality network and offer unique, cost-effective, data services to the population of CAR. Our objective is to cover the whole capital city, Bangui, with mobile WiMAX and Wi-Fi hotspots in our first phase launch. We expect further expansion into additional provinces by the end of 2012."

The network, operating in the 2.5 GHz band, is delivering never-before-accessed Internet speeds and services. The city of Bangui has a population of just under 600,000 people. The estimated current Internet penetration rate in CAR is 2% of the population.

"Africa is a dynamic and fast-growing region for 4G Internet services," commented Amit Ancikovsky, President of Products and Sales for Airspan Networks. "Airspan is seeing an acceleration of 4G network deployments and I am very optimistic on our continued growth in this territory. Millenium is just an example of the entrepreneurial 4G Internet Service Providers popping up across underserved African regions, working diligently to modernize networks and help economic growth with broadband mobile data access. Airspan provides an ideal solution that helps these companies accomplish their goals."

About Millenium Telecom
Millenium Telecom Centrafrique is the first mobile broadband operator in Central Africa Republic (CAR), focusing on providing wireless, reliable and affordable high-speed Internet access to individuals and businesses, helping to reduce the digital divide. Millenium Telecom Centrafrique was founded in April 2011 by Souleymane Diallo, a seasoned telecom professional with over 15 years' experience whose held senior management and marketing positions in various multinational companies in Africa. Just before founding Millenium Telecom Centrafrique, Souleymane Diallo was the CEO of a leading mobile operator in CAR, and is a distinguished member of the business community.

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.