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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 13pt; FONT-FAMILY: Times New Roman">UNITED
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        AND EXCHANGE COMMISSION</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Washington,
        D.C. 20549</font></div>
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</font></div>
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</font></div>
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                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<font size="2">(561)
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                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<font size="2">(Registrant&#8217;s
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Check
        the
        appropriate box below if the Form 8-K filing is intended to simultaneously
        satisfy the filing obligation of the registrant under any of the following
        provisions:</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-FAMILY: Wingdings">o</font>
        Written communications
        pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></div>
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        Soliciting material
        pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></div>
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        Pre-commencement
        communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
        240.14d-2(b))</font></div>
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        Pre-commencement
        communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
        240.13e-4(c))</font></div>
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      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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        3 - Securities and Trading Markets</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
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        16, 2005 (the &#8220;Closing Date&#8221;), Airspan Networks, Inc. (the &#8220;Company&#8221;)
        consummated its acquisition of all of the outstanding shares of capital stock
        of
        Arelnet Ltd. (&#8220;Arelnet&#8221;) for a purchase price of $8.7 million, comprised of $4.0
        million of cash and 1,001,325 shares (the &#8220;Consideration Shares&#8221;) of the
        Company&#8217;s common stock (the &#8220;Common Stock&#8221;). Pursuant to the terms of the
        Purchase Agreement between the Company and Arelnet, dated March 29, 2005,
        the
        number of Consideration Shares issued in the transaction was determined upon
        the
        closing of transaction based upon the volume weighted average trading price
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        the Common Stock as quoted on Bloomberg LP, for the thirty business days
        ending
        on the day preceding the Closing Date. </font></div>
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        after
        a public hearing at which all interested parties were invited to attend,
        that
        the terms and conditions of the issuance of the Consideration Shares is
        fair.</font></div>
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        Consideration Shares were issued in reliance on an exemption from registration
        under Section 3(a)(10) of the Securities Act of 1933, as amended. </font></div>
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        June
        16, 2005, the Company issued a press release announcing that it has consummated
        its acquisition of all of the outstanding shares of capital stock of Arelnet.
        A
        copy of the press release is attached to this Form 8-K as Exhibit 99.1 and
        is
        incorporated herein by reference.</font></div>
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        9 - Financial Statements and Exhibits</strong></font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>(c)</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>&#160;</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Exhibits</strong></font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">99.1
        -
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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        to the requirements of the Securities Exchange Act of 1934, the Registrant
        has
        duly caused this report to be signed on its behalf by the undersigned hereunto
        duly authorized.</font></div>
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              <td width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Dated:
                June 16, 2005</font></td>
              <td width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
              <td width="49%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
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            <tr valign="top" bgcolor="#ffffff">
              <td width="50%">&#160;</td>
              <td width="1%">&#160;</td>
              <td width="49%">&#160;</td>
            </tr>
            <tr valign="top" bgcolor="#ffffff">
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
              <td colspan="2"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">AIRSPAN
                NETWORKS, INC</font></td>
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            <tr valign="top" bgcolor="#ffffff">
              <td>&#160;</td>
              <td colspan="2">&#160;</td>
            </tr>
            <tr valign="top" bgcolor="#ffffff">
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;<br>&#160;</font></td>
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;<br>&#160;</font></td>
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;<br>&#160;</font></td>
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              <td>&#160;</td>
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">By:&#160;&#160;</font></td>
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">/s/&#160;Peter
                Aronstam</font></td>
            </tr>
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              <td align="left">
                <hr style="COLOR: #000000" align="left" noshade size="2" width="80%"><font size="2">Peter
                Aronstam</font></td>
            </tr>
            <tr valign="top" bgcolor="#ffffff">
              <td colspan="2"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Senior
                Vice President and Chief Financial
                Officer</font></td>
            </tr>

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{"company-data": {"conformed-name": "AIRSPAN NETWORKS INC", "cik": "0001105542", "assigned-sic": "3663", "irs-number": "000000000", "state-of-incorporation": "WA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-31031", "film-number": "05902121"}, "business-address": {"street1": "CAMBRIDGE HOUSE OXFORD ROAD", "street2": "UXBRIDGE MIDDLESEX UB81UN", "city": "UNITED KINGDOM", "state": "X0", "zip": "00000", "phone": "0114418954"}, "mail-address": {"street1": "CAMBRIDGE HOUSE OXFORD ROAD", "street2": "UXBRIDGE MIDDLESEX UB81UN", "city": "UNITED KINGDOM"}}
UNITED
        STATES
SECURITIES
        AND EXCHANGE COMMISSION
Washington,
        D.C. 20549
FORM
        8-K
Current
        Report pursuant
to
        Section 13 or 15(d) of the
Securities
        Exchange Act of 1934
Date
        of
        report (Date of earliest event reported): June 16, 2005
AIRSPAN
        NETWORKS, INC.
(Exact
        name of registrant as specified in its charter)
Washington
(State
                  or other jurisdiction of
                  incorporation)
000-31031
75-2743995
(Commission
                  file number)
(I.R.S.
                  Employer Identification No.)
777
                  Yamato Road, Suite 105, Boca Raton,
                  Florida
33431
(Address
                  of principal executive
                  offices)
(Zip
                  code)
(561)
                  893-8670
(Registrant's
                  telephone number, including
                  area code)
Check
        the
        appropriate box below if the Form 8-K filing is intended to simultaneously
        satisfy the filing obligation of the registrant under any of the following
        provisions:
o
Written communications
        pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material
        pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement
        communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
        240.14d-2(b))
o
Pre-commencement
        communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
        240.13e-4(c))
Section
        3 - Securities and Trading Markets
Item
        3.02.
Unregistered
        Sales of Equity Securities
On
        June
        16, 2005 (the "Closing Date"), Airspan Networks, Inc. (the "Company")
        consummated its acquisition of all of the outstanding shares of capital stock
        of
        Arelnet Ltd. ("Arelnet") for a purchase price of $8.7 million, comprised of $4.0
        million of cash and 1,001,325 shares (the "Consideration Shares") of the
        Company's common stock (the "Common Stock"). Pursuant to the terms of the
        Purchase Agreement between the Company and Arelnet, dated March 29, 2005,
        the
        number of Consideration Shares issued in the transaction was determined upon
        the
        closing of transaction based upon the volume weighted average trading price
        of
        the Common Stock as quoted on Bloomberg LP, for the thirty business days
        ending
        on the day preceding the Closing Date.
Prior
        to
        the closing of the transaction, the District Court of Tel Aviv determined,
        after
        a public hearing at which all interested parties were invited to attend,
        that
        the terms and conditions of the issuance of the Consideration Shares is
        fair.
The
        Consideration Shares were issued in reliance on an exemption from registration
        under Section 3(a)(10) of the Securities Act of 1933, as amended.
Section
        7 - Regulation FD
Item
        7.01
Regulation
        FD Disclosure
On
        June
        16, 2005, the Company issued a press release announcing that it has consummated
        its acquisition of all of the outstanding shares of capital stock of Arelnet.
        A
        copy of the press release is attached to this Form 8-K as Exhibit 99.1 and
        is
        incorporated herein by reference.
Section
        9 - Financial Statements and Exhibits
Item
        9.01
Financial
        Statements and Exhibits
(c)
Exhibits
99.1
        -
        Press Release dated June 16, 2005
SIGNATURES
Pursuant
        to the requirements of the Securities Exchange Act of 1934, the Registrant
        has
        duly caused this report to be signed on its behalf by the undersigned hereunto
        duly authorized.
Dated:
                June 16, 2005
AIRSPAN
                NETWORKS, INC
By:
/s/ Peter
                Aronstam
Peter
                Aronstam
Senior
                Vice President and Chief Financial
                Officer