For Immediate Release
May 10, 2001

AirNet Communications CEO Lee Hamilton talks to The Wall Street Transcript

NEW YORK, May 10, 2001/Business Wire/ -- The Wall Street Transcript has published an in-depth interview with Lee Hamilton, CEO of AirNet Communications (Nasdaq:ANCC) in which he talks at length about the company’s future.

The entire 2,400-word interview is available online at http://www.twst.com/info/info342.htm.

Hamilton gives an overview of the company. “Based on fiscal 2000 financial results, AirNet is now a $34 million-a-year company. The analysts are projecting $70 million in revenue this year, and the company has moved from selling primarily to entrepreneurial or smaller network operators to now selling to larger operators, with five trials under way with large operators.”

Looking forward, Hamilton states, “I think the basic take away is that AirNet started shipping its products in May of 1997, starting with the smaller entrepreneurial operators. We’ve been successful in developing a strong base of over 20 customers. The product works, and works well. We’re proven the value proposition by signing up these large operator trials, and the next big step for AirNet, as we turn those trials into orders, will be to step into the top tier of customers, and that’s going to drive substantial, additional growth and opportunities for the company.”

This interview is part of the Satellite Communications Issue available at http://www.twst.com/info/info342.htm or by calling (212) 952-7433.

The Wall Street Transcript does not endorse the views of any interviewees nor does it make stock recommendations. For subscription information call (800) 246-7673.

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Press & Investor Contact:
Gary Pacilio
AirNet Communications
+1 321.953.6609
investor@airnetcom.com

Except for historical information, this press release contains forward-looking statements subject to risks and uncertainties that could cause actual results to differ materially from those projected. Such factors include: fluctuations in our quarterly revenues and operating results, changes in economic and business conditions in the world, increased competitive activity, achieving sales levels to fulfill revenue expectations, technology advancements, unexpected costs and charges, the cyclical nature of the telecommunications industry, the failure of one or more of our field trials to yield favorable results; and the risk factors listed in the Company's SEC reports, including our Form 10-K for 2001, which is available from the Company's Investor Relations Department. The Company assumes no obligation to update the forward-looking statements included in this press release.


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