Radisys Corporation, a vertical of Jio Platforms, will buy Mimosa Networks for a whopping $60 million on a debt-free, cash-free basis. Earlier, Mimosa Networks was owned by US based Airspan Networks Holdings.
Following the purchase by Radisys the product development, manufacturing, and sales teams of 56 employees will continue to work with Mimosa Networks. However, its previous owner Airspan will continue to be the reseller channel for specific joint 4G/5G and FWA projects and will also market Mimosa’s products to its customers.
According to Jio’s president Matthew Oomen, “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."
According to the statement issued by the companies, “Today, Airspan Networks Holdings (Airspan) and Radisys Corporation (Radisys), a wholly owned subsidiary of Jio Platforms Limited (Jio), announced the sale of Mimosa Networks, Inc. (Mimosa) to Radisys for $60 million on a debt free, cash free basis."
In 2018, Mimosa was purchased by Airspan to focus on its affordable fixed wireless access network connections. Mimosa provides a varied range of point-to-point and point-to-multipoint solutions products based on WiFi 5 and WiFi 6E technologies including twist-on antennas and PoE Injectors
Reliance Jio Infocomm USA Inc, is a shareholder of Airspan and has a seat on its Board of Directors.