Adaptive Broadband Completes Sale of MRC Division to Vislink plc

Business Wire, July 28, 2000

Business Editors and High-Tech Writers

SUNNYVALE, Calif.--(BUSINESS WIRE)--July 28, 2000

ADAPTIVE BROADBAND(TM) CORPORATION (Nasdaq National Market: ADAP) announced that it has completed the sale of its Microwave Radio Communications division to Vislink plc (formerly Silvermines Group plc) for $19.3 million in cash. Vislink is a UK-based manufacturer of broadcast and telecommunications equipment. MRC is the last of the legacy businesses to be divested by Adaptive Broadband, enabling the company to focus exclusively on its AB-Access(TM) product platform for the high-growth, fixed wireless broadband market. The company announced the completion of the sale of its EF Data and Microwave Data Systems divisions earlier this month. Total cash value from the three transactions, including $6 million in retained assets, totals $129 million. The company expects to retain substantially all of the cash from the collective transactions, as previously reported.

About Adaptive Broadband

Adaptive Broadband (www.adaptivebroadband.com) is a data networking solutions company that is developing leading-edge technology for the deployment of broadband wireless communication over the Internet. Its AB-Access product is a leading commercial choice for fixed broadband wireless communication.

The foregoing includes forward-looking statements, such as the anticipated growth of fixed wireless broadband markets, that involve risks and uncertainties. Actual events or results may differ materially from those suggested by the forward-looking statement. Factors that could cause actual events or results to differ materially include, but are not limited to, fluctuations in quarterly results, delays in receipt of orders or in the shipment of products, delays in the development of telecommunications and Internet markets and delays in product enhancements. For a more detailed discussion of these and other factors, see "Risk Factors" contained in Adaptive Broadband's Annual Report on Form 10-K for the fiscal year ended June 30, 1999.