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Radisys Corp, a unit of Reliance Industries Ltd (RIL) owned Jio Platforms, will buy Mimosa Networks from U.S.-based IT services company Airspan Networks Holdings Inc for $60 million on a debt-free, cash-free basis, the companies said on Thursday.
“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," as per the statement. Reliance Jio Infocomm USA Inc, a wholly owned step-down subsidiary of Jio is a shareholder of Airspan and maintains a seat on its Board of Directors.
