Radisys Corp., a wholly owned subsidiary of Reliance's Jio Platforms, has announced the acquisition of Mimosa Networks for $60 million.
Mimosa Networks was taken over by Airspan Networks in 2018 to deliver cost-effective networks solutions, and has a portfolio of network products based on WiFi 5 and WiFi 6E.
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Mimosa provided these solutions for 5G and FTTX/FWA rollouts, Reliance Jio has previously been a major customer of Mimosa.
Eric Stonestrom, Chairman and CEO of Airspan Networks said via a press release that the acquisition, "puts a very capable product team with one of the world’s most innovative and transformative technology and telecommunications companies".
"It also strengthens Airspan’s balance sheet enabling the company to pursue 4G and 5G private and MNO networks which have been our main focus,” Stonestrom added.
The company's product development, manufacturing, and sales teams with 56 employees will continue working with Mimosa, and Airspan will market Mimosa's products to some of its customers post acquisition.
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“Over the years, our collaboration with Airspan has resulted in groundbreaking architectures for high-speed connectivity for both the end user and for backhaul applications," said Mathew Oommen, President, Reliance Jio.
Oomen said that Mimosa's solutions would be used to deliver, "network products that deliver value to consumers and enterprises across the globe with cost-effective, rapidly deployable fixed and mobile broadband".
Disclaimer: Moneycontrol is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
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