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Airspan Networks sells Mimosa Networks to Radisys for $60M
The Fly

Airspan Networks sells Mimosa Networks to Radisys for $60M

Airspan Networks and Radisys, a wholly owned subsidiary of Jio Platforms, announced the sale of Mimosa Networks, to Radisys for $60M on a debt free, cash free basis. Airspan acquired Mimosa in 2018 to target cost effective fixed wireless access network connections. Mimosa has a portfolio of point-to-point and point-to-multi-point products based on WiFi 5 and the newer WiFi 6E technologies as well as related accessories, such as twist on antennas, PoE Injectors, etc. These solutions have use cases in the backhaul requirements for 5G and FTTX/ FWA rollouts. Jio has been a major customer of Mimosa. Mimosa’s product development, manufacturing, and sales teams of 56 employees will continue with Mimosa following the acquisition by Radisys. Airspan maintains a reseller channel for specific joint 4G/5G and FWA projects and will continue marketing Mimosa products to some of its customers following the acquisition. Jio is a shareholder of Airspan and maintains a seat on its Board of Directors. The transaction is subject to certain regulatory and other customary closing conditions, including the US CFIUS review and approval by Airspan’s senior lender and is expected to complete in the third quarter of 2023.

Published first on TheFly

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