Reliance Jio to buy U.S.-based Mimosa Networks for $60 mln

Jio Buys US-Based Mimosa Networks for USD 60 Million to Boost 5G Telecom and Broadband Services

Reliance Jio Infocomm USA Inc, a wholly owned step-down subsidiary of Jio, is a shareholder of Airspan and maintains a seat on its Board of Directors. PJT Partners acted as financial advisor to Airspan. Cravath, Swaine & Moore LLP and Dorsey & Whitney LLP acted as legal advisors to Airspan. Jio Buys US-Based Mimosa Networks for USD 60 Million to Boost 5G Telecom and Broadband Services.

Jio US Subsidiary To Buy Mimosa To Expand 5G, Broadband Services

Radisys, a wholly owned subsidiary of Jio, has made the deal with Airspan, which acquired Mimosa in 2018.

Reliance Jio arm buys Mimosa Networks for USD 60 million on debt, cash free basis

Under the arrangement, Mimosas product development, manufacturing, and sales teams of 56 employees will continue with Mimosa following the acquisition by Radisys, the filing said.

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

Jio Platforms will buy communications equipment maker Mimosa Networks for $60 million to bolster its expanding 5G and broadband services, the companies said.

Reliance Jio subsidiary Radisys acquires Mimosa Networks for $60 million

Jio will use Mimosa's network solutions for deploying

Jio's Radisys to buy Mimosa for $60 mn to bolster 5G, broadband services

The conglomerate via Jio, India's leading telecom service provider, is ramping up 5G and broadband services across the country after snapping up airwaves worth $11 bn in a 5G spectrum auction last yr