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FiberTower and BridgeWave Communications Develop Gigabit Wireless Solution for 24 GHz

SAN FRANCISCO SANTA CLARA, Calif. Feb. 1, 2011

Based on BridgeWave’sFlexPort microwave platform, the MCRR is a single, all-outdoor radio capable of delivering full-duplex gigabit Ethernet transport with very low latency at standard and jumbo packet sizes, while providing advanced carrier-Ethernet features such as Quality of Service, VLAN and Ethernet OAM support. The launch of this product follows extensive field trials in FiberTower’s network with the solution exceeding all expectations for ease of installation, high performance and robustness. This advanced, high-capacity solution is designed to seamlessly integrate within FiberTower’s infrastructure and extend full-rate gigabit connectivity quickly and cost effectively.

Kurt Van Wagenen

Amir Makleff

FiberTower and BridgeWave are also working to develop and market a packaged solution that combines BridgeWave’s MCRR with FiberTower’s 24 GHz spectrum on a link-specific basis for customers seeking to deploy gigabit wireless solutions for high-capacity broadband backhaul and transport. This product will provide an additional source of revenue from FiberTower’s broad 24 GHz spectrum holdings.

About FiberTower

www.fibertower.com .

About BridgeWave Communications

Santa Clara, California www.bridgewave.com

Forward-Looking Statements

This news release includes "forward-looking" statements, as that term is defined in the Private Securities Litigation Reform Act of 1995 or by the Securities and Exchange Commission, or SEC, in its rules, regulations and releases.  Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts.  These include statements regarding, among other things, our future financial performance and results of operations including guidance for expected ranges of 2010 revenue, Adjusted EBITDA and capital expenditures, our financial and business prospects, the deployment of our services, capital requirements, financing prospects, planned capital expenditures, expected cost per site, anticipated customer growth, expansion plans, and anticipated cash balances.

There are many risks, uncertainties and other factors that can prevent the achievement of goals or cause results to differ materially from those expressed or implied by these forward-looking statements.  These include, among other things, negative cash flows and operating and net losses, additional liquidity requirements, potential loss of significant customers, downturns in the wireless communication industry, regulatory costs and restrictions, potential loss of FCC licenses, equipment supply disruptions and cost increases, competition from alternative backhaul service providers and technologies, along with those risk factors described in the company’s Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q, as filed with the SEC.

SOURCE FiberTower Corporation

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