Airspan Networks

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Airspan Networks Inc.
Public company
Traded as OTC Pink: AIRO
Industry Telecommunications equipment
Founded January 30, 1998; 20 years ago (1998-01-30)
Headquarters Boca Raton, Florida
Key people
Eric D. Stonestrom, CEO & President
David Brant, CFO
Revenue Decrease $70 million (2008)
Decrease -$49 million (2008)
Total assets Decrease $69 million (2008)
Total equity Decrease $26 million (2008)
Number of employees
207 (March 1, 2009)
Footnotes / references

Airspan Networks is a supplier of broadband wireless equipment supporting the 4G LTE and WIMAX protocol standards.[1]


The company was founded in January 1998.

In May 1998, Eric D. Stonestrom was named president and chief executive officer of the company.

Its first product, AS4020 platform, was based on CDMA radio technology adapted for fixed wireless access points.

In July 2000, as the dot-com bubble was bursting, the company became a public company and raised $82.5 million in an initial public offering. Its stock price rose 113% in its first day of trading.[2]

In 2004, Airspan made an agreement with Neda Telecommunications, a subsidiary of Aspen Wind Corporation, to send radios to Kabul, Afghanistan.[3]

In the fourth quarter of 2005, the company released its WiMAX product line.[4]

In September 2006, Oak Investment Partners made a $29 million investment in the company.[5]

In September 2007, it won the WiMAX World Best of Show Award for the mobile WiMAX MiMAX device, a miniature WiMAX receiver covering all major licensed and unlicensed WiMAX spectrum.[6]

In 2010, the company teamed with LightSquared to market LightSquared's 1.4 GHz wireless spectrum in the United States. The spectrum is targeted primarily to the utility industry for Smart Grid deployments.[7]

In 2009, the company's stock was delisted from the NASDAQ.[8]


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