BOCA RATON, Fla. (Business Wire) Airspan Networks, Inc. (Nasdaq:AIRN), a leading worldwide provider of broadband fixed wireless DSL networks, announced today that it has extended the supply agreement signed with Dedicado of Uruguay in July 2003. Under that contract, Dedicado became one of the first carriers deploying Airspan’s AS4020 integrated voice and high-speed data communications systems to provide always-on, high-speed Internet access and traditional voice services in the city of Montevideo. Dedicado originally selected Airspan’s wireless DSL technology to overlay an existing network built by competitor, Alvarion.

The original network has operated successfully since December 2003, and demand for its services now outstrips its capacity. Under the contract extension, Airspan will supply additional AS4020, WipLL and WiMAX equipment for a significant network expansion, to enable Dedicado to serve up to 20,000 subscribers with a mix of circuit-switched voice services, always-on, high-speed Internet access and voice-over-IP connections. The contract extension requires the immediate delivery of AS4020 customer premise terminals and WipLL terminals. This equipment will serve the rapidly expanding Dedicado customer base. Additional deliveries throughout 2004 will bring the total number of Airspan customer premise units to approximately 10,000 by year end. WiMAX infrastructure and customer terminals will be delivered in 2005.

Dedicado, a private competitive local exchange carrier offering data, Internet, Local Telephony with Airspan and Ericsson switching, international long distance services and VPN, owns the only 3.5GHz spectrum license in Uruguay and services a greater share of the local data market than incumbent telephone service provider, ANTEL. The company has a market share of 50% of last mile connections.

Arturo Vargas, President and CEO of Dedicado, states: «We have evaluated the range of suppliers for broadband wireless equipment and have concluded that Airspan has the optimum mix of existing products and a roadmap to meet our needs. We have been pleased with the performance of the extensive AS4020 network installed so far, and we look forward to an aggressive expansion in the number of subscribers as we expand our focus beyond the business market. Airspan’s leadership in WiMAX development coupled with its ability to deliver current product has been paramount in our decision process to expand our network.»

«Airspan is very pleased to expand its relationship with Dedicado, already one of our largest existing customers in Latin America,» said Eric Stonestrom, President and CEO of Airspan Networks Inc. «We anticipate that the attractive economics of our product range across the wide base of Dedicado customers will enable Dedicado to grow its market share substantially. We are also pleased to be selected as the WiMAX vendor for the network.»