Jio Platforms-backed Radisys completed the acquisition of Mimosa Networks from Airspan for $60m.

Jio Platforms-backed Radisys, an open telecom solutions and services provider, completed the acquisition of Mimosa Networks, a communications equipment company, from Airspan, a provider of groundbreaking, disruptive software, for $60m. “Over the years, our collaboration with Airspan has resulted in groundbreaking architectures for high-speed connectivity for both the end user and for backhaul applications. 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," Mathew Oommen, Jio President.