Radisys Corp, a unit of Jio Platforms Limited, has announced its plans to acquire Mimosa Networks from US-based Airspan Networks Holdings Inc. for $60 million on a debt-free, cash-free basis. 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.
As per the companies, Mimosa’s product development, manufacturing, and sales teams of 56 employees will continue with Mimosa following the acquisition by Radisys and Airspan maintains a reseller channel for specific joint 4G/5G and fixed wireless access (FWA) projects and will continue marketing Mimosa products to some of its customers following the acquisition.
According to Mathew Oommen, president, the acquisition of Mimosa will further accelerate the telco’s innovation and leadership in the production of telecom network products that deliver value to consumers and enterprises across the globe with cost-effective, rapidly deployable fixed and mobile broadband.
Airspan acquired Mimosa in 2018 to target cost-effective FWA network connections. Mimosa has a diverse 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, such as twist-on antennas, power over ethernet (PoE) injectors, etc. These solutions have use cases in the backhaul requirements for 5G and fibre-to-the-x (FTTX)/ FWA rollouts. Jio has been a major customer of Mimosa.