Reliance Jio to buy US-based Mimosa Networks for $60 million

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Reliance Jio to buy US-based Mimosa Networks for $60 million
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BENGALURU :Jio Platforms, owned by Indian conglomerate Reliance Industries Ltd, will buy communications equipment maker Mimosa Networks for $60 million to bolster its expanding 5G and broadband services, the companies said on Thursday.The deal is between Radisys Corp, a unit of Jio Platforms, and US-based Air

BENGALURU :Jio Platforms, owned by Indian conglomerate Reliance Industries Ltd, will buy communications equipment maker Mimosa Networks for $60 million to bolster its expanding 5G and broadband services, the companies said on Thursday.

Mimosa has a portfolio of point-to-point and point-to-multi-point products based on WiFi 5 and the newer WiFi 6E technologies, as well as related accessories, the statement said. Reliance Jio Infocomm USA, a unit of Jio, is a shareholder in Airspan and has a seat on its board, according to the statement. Reliance has been making several investments in the telecom space and had chosen Nokia as a major supplier last year to expand next-generation wireless services across India.

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