Reliance Industries Ltd.

BSE: 500325 | NSE: RELIANCE
Large Cap | Refineries
1457.60
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Reliance Industries’ Jio Platforms’ arm completes acquisition of Mimosa Networks

Date: 12-08-2023

Radisys Corporation, a wholly owned subsidiary of Reliance Industries’ Jio Platforms, has completed the acquisition of Mimosa Networks, Inc. (Mimosa) from Airspan Networks Holdings Inc. Mimosa brings a diverse portfolio of point-to-point and point-to-multi-point connectivity products leveraging unlicensed spectrum bands. These products enable the rapid rollout of multi-gigabitper-second Fixed Wireless Access networks and wireless backhaul connectivity for telecommunications systems. The Mimosa product suite complements Radisys Open Access (Connect Open RAN and Connect Open Broadband) portfolio. Mimosa has become a wholly-owned subsidiary of Radisys.

Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.