Exhibit 99.1

                            WTT Acquires Microlab/FXR

         PARAMUS, N.J.--(BUSINESS WIRE)--Jan. 3, 2002--Wireless Telecom Group,
Inc. (AMEX Symbol: WTT) announced today that it has acquired Microlab/FXR, a
leading supplier of components for the wireless infrastructure industry, for a
net purchase price of $3.8 million in cash.

         Microlab/FXR had over $5 million in revenue in 2000 and will exceed $7
million for 2001.

         "We are extremely pleased to add Microlab/FXR to our growing corporate
family, providing solutions to the world's leading technology companies.
Microlab/FXR has a proven product line that supports not only the commercial
wireless infrastructure market, but also military and aerospace markets.
Microlab/FXR recently introduced new products that have superior performance in
certain key parameters, such as loss and signal interference, which are becoming
increasingly critical as wireless use escalates. This makes them a preferred
choice for customers," said Edward Garcia, President and CEO of Wireless Telecom
Group, Inc. "Additionally, adding WTT's capital and corporate philosophies to
Microlab/FXR should provide additional avenues for Microlab/FXR to grow. Our
ability to acquire complementary companies at this time, when corporate
valuations have dropped and the overall technology market continues to be
uncertain, is a strategy that we feel is advantageous for our shareholders and
us. We look forward to the mutual benefits that this merger should bring to
Microlab/FXR and Wireless."

         Wireless Telecom Group, Inc. is a global provider of electronic noise
generation equipment and a leader in the manufacture of test equipment dedicated
to measuring power of RF and Microwave systems used in multiple
telecommunication markets.

         Microlab/FXR is a global provider of passive microwave components
including power splitters, directional couplers and filters. These products are
employed as system components in commercial applications such as wireless base
stations for cellular, paging and private communications, in-building wireless
signal distribution, television transmitters and aircraft navigation landing
systems. Microlab/FXR products are also used in military systems such as
electronic countermeasures and missile guidance.

         Except for historical information, the matters discussed in this news
release may be considered "forward-looking" statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Such statements include
declarations regarding the intent, belief or current expectations of the Company
and its management. Prospective investors are cautioned that any such
forward-looking statements are not guarantees of future performance and involve
a number of risks and uncertainties that could materially affect actual results.
Such risks and uncertainties are identified in the Company's reports and
registration statements filed with the Securities and Exchange Commission,
including its Annual Report on Form 10-K for the year ended December 31, 2000
and Forms 10-Q for 2001.

                      CONTACT: Wireless Telecom Group, Inc.
                            Reed DuBow, 201/261-8797