Exhibit (a) (5) (v)


NETRO BOARD REJECTS REVISED ACQUISITION OFFER FROM WYNDCREST HOLDINGS, LLC

San Jose, CA, August 12, 2002 - (Business Wire) -- Netro Corporation (NASDAQ:
NTRO), a leading provider of broadband fixed wireless solutions, announced
today that its Board of Directors had rejected the revised acquisition offer
from Wyndcrest Holdings, LLC of Palm Beach, Florida.

As previously disclosed, on August 2, 2002, Netro received a "letter of intent"
from Wyndcrest Holdings, LLC offering to purchase all of the outstanding shares
of Netro for $247 million (approximately $4.04 per share, based upon 61,194,406
shares outstanding as of July 12, 2002), which represented an increase of
approximately 0.7% from the prior offer of $4.01 per share, or $245.4 million
based upon 61,194,406 shares outstanding as of July 12, 2002. The offer was
conditioned upon due diligence.

In exercising its fiduciary duties, the Board continues to believe that the
proposal is not in a range that reflects the true long-term value of Netro. The
Board therefore rejected the proposal as not being in the best interests of
Netro's stockholders. Consistent with its fiduciary duties, the Board will also
continue to closely monitor the evolving Angel and AirStar markets and the
company's business plan, and intends to continue to take such future actions
which it believes are in the best interests of the company's stockholders.

The Board also reiterated its belief that the tender offer represents a prudent
and efficient means of providing short-term value and liquidity to
stockholders. It allows stockholders that wish to sell their shares, an
opportunity to do so at a significant premium to prices prevailing prior to the
tender offer, while allowing stockholders who are not interested in selling a
chance to retain a larger percentage interest in Netro's business and
prospects. In focusing on long-term stockholder value, Netro intends to pursue
opportunities to reduce operating costs and increase operating efficiencies.

NETRO'S BOARD OF DIRECTORS HAS APPROVED THE TENDER OFFER. HOWEVER, NEITHER
NETRO NOR ITS BOARD OF DIRECTORS NOR THE DEALER MANAGER MAKES ANY
RECOMMENDATION TO NETRO'S STOCKHOLDERS WHETHER THEY SHOULD TENDER OR REFRAIN
FROM TENDERING THEIR SHARES OR AS TO THE PURCHASE PRICE OR PURCHASE PRICES AT
WHICH THEY MAY CHOOSE TO TENDER THEIR SHARES. STOCKHOLDERS MUST MAKE THEIR OWN
DECISION AS TO WHETHER TO TENDER THEIR SHARES AND, IF SO, HOW MANY SHARES TO
TENDER AND THE PURCHASE PRICE OR PURCHASE PRICES AT WHICH THEIR SHARES SHOULD
BE TENDERED.

About Netro Corporation

Netro Corporation is a leading provider of fixed broadband wireless systems
used by telecommunications service providers to deliver voice and high-speed
data services for access and mobile infrastructure applications to customers
worldwide. Netro's vision is to provide breakthrough technology packaged in a
carrier-class, practical solution that enables quick service delivery and
efficient use of capital. Netro offers a broad range of low and high frequency
products for business and residential, access and mobile infrastructure needs,
with a wide set of licensed frequencies for point to multipoint: 1.9 to 39 GHz.
The company's AirStar and Angel products have an impressive track record of
performance and stability worldwide.





Forward Looking Statements

Except for the historical information contained herein, the matters discussed
in this news release are forward-looking statements involving risks and
uncertainties that could cause actual results to differ materially from those
in such forward-looking statements. Potential risks and uncertainties include,
but are not limited to, political and economic conditions in the countries we
do business in, business conditions generally, growth in the telecommunications
industry, delays in the expansion of networks by existing customers, the
financial condition and strategy of our OEM partners, lower than expected
customer orders, competitive pressures, technological difficulties encountered
in developing new products, the availability of capital to service providers,
the ability to timely adopt the Angel product for the international
marketplace, achieving revenues from the Angel product in the second half of
2002, and Netro's ability to manufacture and sell the Angel product on a
cost-effective basis. We expressly disclaim any responsibility to update any
projections contained herein. Further information regarding these and other
risks is included in Netro's Annual Report on Form 10-K for the fiscal year
ended December 31, 2001, in Netro's Quarterly Report on Form 10-Q for the three
months ended March 31, 2002 and in its other filings with the Securities and
Exchange Commission.

Media Contact

Jeff Lloyd
Sitrick & Company, Inc.
(310) 788-2850


Investor Contact

Sanjay Khare, CFO
Netro Corporation
(408) 216-1500