Skip to content
Subscriber Only

Airspan ‘New Beginnings’ SPAC Defies Ghost of Dotcom Past

  • Company hopes to perform better than other blank-check mergers
  • SoftBank-backed firm is challenging Huawei on 5G kit upgrades
Telefonica SA 5G Operations Following $9.4 Billion American Towers Deal

Photographer: Angel Garcia/Bloomberg 

Updated on

Airspan Networks Inc. is going public through a blank check company merger to fund a push for business with phone carriers that are upgrading to 5G networks and dumping China’s Huawei Technologies Co.

The U.S. wireless equipment maker said it plans to merge with special purpose acquisition vehicle New Beginnings Acquisition Corp. The name is apt: Airspan went to the stock market once before at the height of the dotcom bubble. The shares collapsed and never fully recovered, and the Boca Raton, Florida-based company delisted in 2009.