For Immediate Release
October 24, 2001

AirNet Communications Receives Follow-On Order from
MBO Wireless, Inc. for Additional Base Station Equipment

Melbourne, FL, October 24, 2001 - AirNet Communications Corporation (NASDAQ: ANCC), the technology leader in base station products for wireless communications, has been awarded a follow-on order by MBO Wireless, Inc. for additional base station equipment in support of their network expansion plan.  This $800,000 order is the fourth phase of a $5.1 million contract and continuation of MBO’s growth and success in the PCS market.

The additional AirNet equipment will allow the MBO Wireless team to expand their network and cover additional capacity requirements.  The AirNet equipment includes additional broadband, software-defined AdaptaCell™ base stations, which will provide capacity within the urban areas.

"We are pleased that AirNet has been a key part of our roll out of GPRS high speed data services," said V. David Miller II, president of MBO Wireless, Inc.  "With the continued expansion of our network, additional capacity deployments, and roll out of GPRS, it was important for us to continue down the path toward higher speed services and wireless Internet applications.  Only AirNet offers the ideal solution for operators to cost effectively deliver high-speed data services and to quickly extend coverage."

"AirNet has clearly demonstrated that its software-defined base station solution is the right choice in today’s competitive market," said Glenn Ehley, president and CEO of AirNet Communications.  "We are pleased to extend our long term relationship with the MBO team and look forward to the continued build-out of their network for not only voice services, but also for high-speed data applications as well."

The AirNet base station is a broadband, software-defined solution that allows wireless operators to easily migrate to GPRS and EDGE on their existing AirNet base stations by simply upgrading software.  AirNet's base station solution delivers full GPRS capabilities today.  It supports all four GPRS coding protocols, which increases the maximum transmission speed to cost-effectively provide capabilities for a full range of new and enhanced services.  The AirNet solution also ensures compatibility with all GPRS handsets and terminals, allowing for full data speed on most advanced devices and applications.  By utilizing the AirNet solution, operators can simultaneously provide existing GSM service with the evolving GPRS and EDGE service.

About MBO

MBO Wireless is a subsidiary of MBO Corporation, a privately held firm which owns and operates three telephone, cable television, video and wireless communications companies. MBO provides bandwidth services to wholesale and business clients with voice, video, data, Internet, wireless, and cable TV requirements.  The Company owns more than 940 miles of fiber optics which link its subsidiaries and affiliates on SONET rings throughout Oklahoma, and carries traffic for most of the nation’s major service providers.

About AirNet

AirNet Communications Corporation is a leader in wireless base stations and other telecommunications equipment that allow service operators to cost effectively and simultaneously offer high-speed wireless Internet and voice services to mobile subscribers.  AirNet's patented broadband, software-defined AdaptaCell base station solution provides a high capacity base station with a software upgrade path to the wireless Internet.  The Company's AirSite Backhaul Free base station carries wireless voice and data signals back to the wireline network, eliminating the need for a physical backhaul link, thus reducing operating costs. AirNet has 69 patents issued or pending and has received the coveted World Award for Best Technical Innovation from the GSM Association, representing over 400 operators around the world. More information about AirNet may be obtained by calling 321.984.1990, or by visiting the AirNet Web site at www.airnetcom.com.

For More Information:

Stuart P. Dawley
Investment Relations Officer
+1 321-953-6780
sdawley@airnetcom.com

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995

The statements contained in this press release that are not historical information are forward-looking statements that relate to future events or our future financial performance, including statements regarding our expectations, beliefs, plans, estimates, intentions or strategies for the future. Forward looking statements include statements regarding the transition and evolution to high-speed data and wireless Internet services, future sales to customers and customer deployment plans. All forward-looking statements included in this release are based upon information available to AirNet Communications Corporation as of the date hereof and we assume no obligation to update any such forward-looking statements. Forward-looking statements involve risks and uncertainties, which could cause our actual results to differ materially from those projected. Potential risks and uncertainties include, but are not limited to, our limited customer base may cause cash flow issues, competitive pressures may reduce gross margins, we may not be able to support developing wireless standards and protocols, we may not be able to develop new products and features, and credit risks from financed customers may hurt our results or require us to raise additional capital. These and other risks are discussed in Company filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2000.

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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