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.