Leader in Broadband Wireless Access Announces 28 GHzAirStar Technology in Support of Upcoming...

Business Editors & High-Tech Writers

LONDON--(BUSINESS WIRE)--May 17, 2000

Netro Corporation to Supply Gold Standard Technology to

20 Regions in England, Plus Scotland, Wales and Northern Ireland

Netro Corporation (Nasdaq:NTRO), a leader in broadband wireless access

technology, today announced at the annual conference of the Broadband Wireless Association currently being held in London that the company will provide its industry-leading AirStar(TM) platform in support of the United Kingdom's upcoming 28 GHz auctions which are planned for September 2000.

Netro's gold standard AirStar technology will be available to all license areas covered by the auctions including 20 regions in England and, additionally, Scotland, Wales and Northern Ireland. The United Kingdom is the first European country to offer the 28 GHz frequency, which is expected to be expanded throughout Europe.

"The United Kingdom's Radiocommunications Agency has indicated that market analysis confirms the demand for broadband access is increasing rapidly in all sectors of the economy," said Robert Benattar, vice president of European sales for Netro.

"Furthermore, the Agency views broadband fixed wireless access (BFWA) solutions to be a significant contributing technology and specifically expects to grant spectrum of 672 MHz for BFWA solutions. Netro is a global leader in the BFWA market and has recently introduced a 28 GHz platform for other world markets, which can be scaled to meet this new U.K. spectrum need."

Three licenses are expected to be granted in each metropolitan area with as much as 112 MHz available in both downstream and upstream directions. This compares favorably to the current 26 MHz allocations where operators have up to 56 MHz or as low as 28 MHz granted in each direction.

In addition to the United Kingdom, this frequency plan will be licensed in the near term in Sweden and Portugal and eventually is anticipated to be licensed throughout the rest of Europe. Similar spectrum grants in Israel are expected in the upcoming months as well.

"The 28 MHz could become a major pan-European market for broadband fixed wireless solutions," said Benattar. "In fact, the European market for this frequency could be far larger than the North American LMDS 28 GHz market in size and revenue. We feel Netro is extremely well positioned to provide the gold standard technology necessary to fulfill the needs of this substantial new market opportunity."

About Netro Corporation

Netro Corporation (Nasdaq:NTRO) is a leading provider of intelligent broadband wireless access solutions for Internet and telecom service providers worldwide. Netro's broadband wireless access system, AirStar, derives its price performance benefit from its proprietary packet-based technology that maximizes spectrum usage through dynamic bandwidth allocation.

AirStar is one of the first commercially available broadband wireless access systems, carrying IP and voice traffic using a point-to-multipoint architecture. For more information, contact Netro Corporation, 3860 North First Street, San Jose, CA 95134-1702 USA; 408/216-1500; http://www.netro-corp.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements involving risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. Potential risks and uncertainties include, but are not limited to, Netro's historical and future losses, limited operating history, dependence on a single product, fluctuations in quarterly operating results and limited manufacturing experience. Further information regarding these and other risks is included in Netro's prospectus dated Aug. 18, 1999, and in its other filings with the Securities and Exchange Commission.