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Mon, 25 Sep 2006 14:54:00 PDT
BOCA RATON, FL (MARKET WIRE) Airspan Networks, Inc. (NASDAQ: AIRN) today announced that it has concluded its previously announced private placement of 200,690 shares of Series B Preferred Stock to Oak Investment Partners XI, Limited Partnership. Upon closing, the shares of Series B Preferred Stock were issued to Oak in exchange for $29 million in cash and Oak's transfer to the Company of 73,000 shares of the Company's Series A
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