Reliance announces completion of Radisys-Mimosa acquisition, aims to boost Jio’s 5G rollout

Reliance Industries-owned Jio Platform has completed the acquisition of US-based communications equipment maker Mimosa Networks for $60 million through its wholly owned subsidiary Radisys Corporation. The company informed the same through a statement.

The acquisition will allow Jio Platforms, which also houses RIL’s telecom business in Reliance Jio, to strengthen its 5G and broadband services using Mimosa’s point-to-point and point-to-multipoint products, RIL had said when the deal was announced in March this year. “Mimosa brings a diverse portfolio of point-to-point and point-to-multipoint connectivity products leveraging unlicensed spectrum bands,” RIL said in a statement.
The deal between Jio Platform’s Radisys Corp and Florida-headquartered telecom telecom gear maker Airspan Networks, which owns Mimosa, was announced in March this year. “Acquisition of Mimosa will further accelerate Jio’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,” said Mathew Oommen, President, Jio, on the acquisition.

Mimosa will now function as a wholly-owned subsidiary of Radisys. Mimosa’s products are expected to enable the rapid rollout of multi-gigabit-per-second fixed wireless access (FWA) networks and wireless backhaul connectivity for telecommunications systems, RIL added.
Mimosa’s portfolio includes products based on WiFi 5 and the newer WiFi 6E technologies as well as related accessories, such as twist-on antennas. These solutions have use cases in the backhaul requirements for 5G and FTTX/ FWA rollouts and Jio has been a major customer of Mimosa, the company’s statement added.