DWI Dragonwave

    FOR:  DRAGONWAVE INC.

TSX, AIM SYMBOL:  DWI

January 28, 2008

DragonWave and Nextlink Wireless Announce Master Purchase Agreement

Nextlink Selects DragonWave's Ethernet Radios to Deliver Licensed Broadband over LMDS Spectrum

OTTAWA, CANADA--(Marketwire - Jan. 28, 2008) - DragonWave Inc. ("DragonWave") (TSX:DWI)(AIM:DWI) a
leading global supplier of next-generation wireless networks, today announced that Nextlink Wireless
Inc., a subsidiary of XO Holdings Inc., has completed a Master Purchase Agreement to purchase
DragonWave's AirPair and Horizon Compact products providing highly scalable, carrier grade radio
solutions in support of Nextlink's portfolio of broadband wireless services.

Nextlink owns licensed wireless spectrum covering 75 metropolitan US markets and is the largest Local
Multipoint Distribution Service (LMDS) wireless spectrum holder in the United States. Nextlink will
use DragonWave's Horizon and AirPair products to offer backhaul solutions that enable wireless service
providers to more cost-effectively support next generation mobile applications, content and data
across their networks as an alternative to conventional wireline networks.

"Convergence places new demands on our customers to find alternative sources of local network access
and backhaul to support higher bandwidth, next generation services over their networks," said Bob
Beran, President of Nextlink.  "The DragonWave Ethernet radios add to our portfolio of broadband
wireless service offerings and provide our customers with another option to cost-effectively transform
their networks."

"The need for scalable, easy to deploy and cost-effective wireless links optimized for high capacity
networking is gathering momentum, and we are very pleased to have been selected by Nextlink," said
Peter Allen, President and Chief Executive Officer of DragonWave. "We look forward to continuing to
work closely with Nextlink to address their customers' evolving needs for broadband services."

DragonWave's Horizon and AirPair products operate within both licensed and unlicensed radio
frequencies in the 6-to-38-GHz range, ensuring interference-free performance for customers' traffic.
DragonWave product solutions provide scalable, ultra-low latency, wire-speed native Ethernet
connectivity up to 800 Mbps full duplex.  The systems are extremely easy to deploy and manage, with a
full suite of network management options. DragonWave has indoor and outdoor deployment options, and is
a highly reliable platform enabling 99.999% service availability.

About Nextlink

Nextlink, a subsidiary of XO Holdings, Inc. (OTCBB:XOHO.OB), provides alternative access, backhaul and
diverse network solutions and services for the carrier, business and government markets.  As one of
the nation's largest holders of fixed wireless spectrum, Nextlink delivers high-quality, carrier-grade
broadband wireless solutions that scale to meet the demands of today's converged world of
communications - supporting next-generation mobile and wireline voice, data and video applications.
For more information, visit www.nextlink.com.

About DragonWave

DragonWave(TM) is a leading provider of high-capacity wireless Ethernet equipment used in emerging IP
networks. DragonWave designs, develops, and markets carrier-grade microwave radio frequency networking
equipment that wirelessly transmit broadband voice, video and other data.  DragonWave's wireless
Ethernet products, which are based on a native Ethernet platform, function as a wireless extension to
an existing fibre-optic core telecommunications network. The principal application for DragonWave's
products is the backhaul function in a wireless communications network. Additional applications for
DragonWave's products include point-to-point transport in private networks, including municipal and
enterprise networks. DragonWave's corporate headquarters is located in Ottawa, Ontario, with sales
locations in Europe, Middle East and North America.  The company's Web site is
http://www.dragonwaveinc.com


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FOR FURTHER INFORMATION PLEASE CONTACT:

DragonWave Inc.
Nadine Kittle
Marketing Communications
613-599-9991 ext 2262
nkittle@dragonwaveinc.com

OR

Interprose Public Relations (for DragonWave)
Cathy Palmen
408-268-8112
cathy.palmen@interprosepr.com

OR

Weber Shandwick Financial (for DragonWave)
John Moriarty
020-7067-0736
Mob: 07971-402224
jmoriarty@webershandwick.com

OR

Nextlink
John Grady
703-547-2462
john.grady@nextlink.com

OR

Canaccord Adams Limited
Chris Bowman
44-20-7050-6500
Chris.Bowman@CanaccordAdams.com

                                                                
DragonWave Inc.



                                                                
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