Jio Platforms’ subsidiary Radisys completes acquisition of Mimosa Networks

Jio Platforms’ subsidiary Radisys Company on Friday introduced that it has accomplished the acquisition of Mimosa Networks, Inc. from Airspan Networks Holdings Inc.

Earlier this 12 months, the businesses had introduced the deal below which Radisys Company signed a definitive settlement with US-based Airspan Networks Holdings for the acquisition of Mimosa Networks for USD 60 million on a debt-free, cash-free foundation.

In response to a launch on Friday, “Radisys Company, a completely owned subsidiary of Jio Platforms Restricted and a worldwide chief of open telecom options, at this time introduced that it has accomplished the acquisition of Mimosa Networks, from Airspan Networks Holdings Inc.”

With this, Mimosa has turn out to be a wholly-owned subsidiary of Radisys. Radisys’ acquisition of Mimosa will speed up the supply of broadband entry for advancing societies, the discharge mentioned.

Mimosa presents a various portfolio of point-to-point and point-to-multi-point connectivity merchandise leveraging unlicensed spectrum bands.

These merchandise allow the speedy rollout of multi-gigabit-per-second Mounted Wi-fi Entry networks and wi-fi backhaul connectivity for telecommunications techniques.

The Mimosa product suite enhances Radisys Open Entry (Join Open RAN and Join Open Broadband) portfolio.

(Solely the headline and film of this report might have been reworked by the Enterprise Customary employees; the remainder of the content material is auto-generated from a syndicated feed.)

First Revealed: Aug 11 2023 | 11:15 PM IST

Source Link

Spread the love

Leave a Reply