Radisys, a Jio Platforms subsidiary, successfully completes acquisition of Mimosa Networks.
Radisys, a Jio Platforms subsidiary, successfully completes acquisition of Mimosa Networks.
The successful conclusion of the purchase of Mimosa Networks, Inc. from Airspan Networks Holdings Inc. by Radisys Corporation, a Jio Platforms Limited subsidiary, has been announced. Through this tactical step, Radisys will be better able to offer cutting-edge telecom solutions while expanding the accessibility of high-speed broadband connectivity for developing societies.
The purchase, which was first announced earlier this year, strengthens Radisys’ position as a leader in open telecom solutions on a global scale. According to the agreement, Radisys Corporation and US-based Airspan Networks Holdings signed a formal agreement for Radisys to buy Mimosa Networks for USD 60 million on a debt-free, cash-free basis.
Radisys Corporation recently announced that it had successfully acquired Mimosa Networks, signaling a significant advancement in the company’s strategic expansion. Mimosa Networks has become a wholly-owned subsidiary of Radisys as a result of this transaction.
Broadband access solutions are expected to advance thanks to the integration of Mimosa Networks’ extensive array of point-to-point and point-to-multi-point connection products that use unlicensed frequency bands. This collaboration will hasten the deployment of Fixed Wireless Access networks capable of handling multiple gigabits per second, providing high-speed connectivity to societies.
Offerings from Mimosa Networks are specifically positioned to make it easier to set up wireless backhaul connectivity for telecommunications networks. The products from Mimosa offer seamless and effective wireless backhaul solutions by utilizing unlicensed frequency bands, significantly boosting the communication ecosystem.
Radisys’ current portfolio, which includes the Open Access (Connect Open RAN and Connect Open Broadband) services, is enhanced by the inclusion of Mimosa’s product suite. This extensive selection of solutions is consistent with Radisys’ dedication to providing open and cutting-edge telecom solutions that address changing market demands.
Radisys Corporation is positioned to accelerate the availability of innovative broadband access solutions through this strategic purchase, further solidifying its position as a pioneering company in the global telecom sector. The completion of the Mimosa Networks acquisition successfully demonstrates Radisys’ commitment to advancing technology and boosting connectivity for societies around the world.
Radisys Corporation:
A well-known global leader in open telecom solutions, Radisys Corporation is a division of Jio Platforms Limited. Radisys is dedicated to offering comprehensive telecom solutions that empower connectivity and spur advancement in the rapidly changing digital ecosystem. Radisys places a special emphasis on innovation and technological excellence.
