Jio Platform completes acquisition of US-based Mimosa Networks

Mumbai: 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 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-multi-point products, RIL had said when the deal was announced in March this year.