Melbourne, Florida, May 16, 2001 -- AirNet Communications Corporation (NASDAQ:ANCC) today announced that it has completed the sale of $30 million of Series B Convertible Preferred Stock. The company announced April 3, 2001 that it had received binding commit ents for the $30 million of funding from a private placement with Mellon Ventures, Ltd., SCP Private Equity Partners ll, L.P., and Tandem PCS Investments, L.P. Press & Investor Contact:
AirNet® and AirSite® are registered trademarks with the U.S. Patent and Trademark Office. The stylized AirNet mark, AdaptaCell, Super Capacity, Backhaul Free, and We're Ready for Anything are trademarks of AirNet Communications Corporation. Other names are registered trademarks or trademarks of their respective companies or organizations.
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