8-K

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported)		August 27, 2003
Netro Corporation
(Exact name of Registrant as Specified in Charter)
Delaware	000-26963	77-0395029
(State or Other Jurisdiction	(Commission File	(IRS Employer
of Incorporation)	Number)	Identification No.)
3860 NORTH FIRST STREET, SAN JOSE, CALIFORNIA		95134
(Address of Principal Executive Offices)		(Zip Code)
Registrant’s telephone number, including area code		(408) 216-1500
N/A
(Former Name or Former Address, if Changed Since Last Report)

Item 5. Other Events and Required FD Disclosure.

The full text of the August 27, 2003 press release, a copy of which is filed herewith as Exhibit 99.1, is incorporated by reference herein.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

This periodic report on Form 8-K and the press release attached hereto contain “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995. Except for historical information provided herein, this press release contains information and statements of a forward-looking nature within t he meaning of the United States federal securities laws concerning the anticipated acquisition of Netro by SR Telecom Inc. Statements regarding the timing of closing are based on suppositions and uncertainties as well as on management's best possible evaluation of future events. Readers are advised that actual events may differ materially from expected events based on a number of factors, many of which are beyond the control of SR Telecom Inc. and Netro.

Item 7. Financial Statements and Exhibits

     (c)

     99.1 Press Release dated August 27, 2003

SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: August 28, 2003	By:	/s/ Sanjay Khare
		Sanjay Khare
		Vice President and Chief
		Financial Officer

Exhibit Index

99.1 Press Release dated August 27, 2003.

EX-99.1

Exhibit 99.1

Netro’s Stockholders Approve Merger with SR Telecom; Closing of Merger Expected to be September 4, 2003

Netro Corporation (Nasdaq: NTRO) today announced that its stockholders approved its proposed merger with SR Telecom Inc. (TSE:SRX), clearing the way for the closing of the merger, scheduled to take place on September 4, 2003. The closing remains contingent upon other customary closing conditions and the formal declaration by Netro’s board of directors of an aggregate $100 million dividend. Netro’s board of directors has approved the declaration of the dividend, provided that there are no material adverse changes to Netro or SR Telecom between August 27, 2003 and the closing date. Netro expects that on September 4, 2003 all of the closing conditions will be satisfied, the merger will become effective and the dividend will be declared and paid. Only stockholders of record as of the close of business on September 4, 2003 will be entitled to receive the merger consideration of SR Telecom common stock and the dividend.

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 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 - 39 GHz. The Company's AirStar and Angel products have an impressive track record of performance and stability worldwide.

FORWARD-LOOKING STATEMENTS
Except for historical information provided herein, this press release contains information and statements of a forward-looking nature within the meaning of the United States federal securities laws concerning the anticipated acquisition of Netro by SR Telecom Inc. Statements regarding the timing of closing are based on suppositions and uncertainties as well as on management's best possible evaluation of future events. Readers are advised that actual events may differ materially from expected events based on a number of factors, many of which are beyond the control of SR Telecom and Netro.