Beletic to Become Non-Executive Chairman of the Board

SAN FRANCISCO, June 10 /PRNewswire-FirstCall/ -- FiberTower Corporation
(Nasdaq: FTWR), a wireless backhaul services provider, announced on June 9th
that effective September 1, 2008, John D. Beletic will move from his current
position as Executive Chairman and employee of the Company to the position of
non-executive Chairman of the Board. At the time of FiberTower's merger with
First Avenue Networks, Mr. Beletic had committed to serve in the role of
Executive Chairman for a period of two years.
"With Kurt Van Wagenen now on board as our Chief Executive Officer, and
with the leadership exhibited by the rest of the executive management team, my
role as an employee Chairman is no longer necessary," said Mr. Beletic. "I
look forward to working with Kurt and the rest of the management team in my
continuing role as Chairman of the Board."
About FiberTower
FiberTower is a backhaul and access services provider focused primarily on
the wireless carrier market. With its extensive spectrum footprint in 24 GHz
and 39 GHz bands, carrier-class microwave and fiber networks in 13 major
markets, customer commitments from six of the leading cellular carriers, and
partnerships with the largest tower operators in the U.S., FiberTower is
considered to be the leading alternative carrier for wireless backhaul.
FiberTower also provides backhaul and access service to government and
enterprise markets. For more information, please visit our website at
http://www.fibertower.com.
Investor Contact:
Gus Okwu / DRG&E
404-532-0086
gokwu@drg-e.com

Company Contact:
Ornella Napolitano, VP and Treasurer
FiberTower Corporation
202-251-5210
onapolitano@fibertower.com

SOURCE FiberTower Corporation

investors, Gus Okwu of DRG&E, +1-404-532-0086, gokwu@drg-e.com, for FiberTower
Corporation; or Ornella Napolitano, VP and Treasurer of FiberTower
Corporation, +1-202-251-5210, onapolitano@fibertower.com