Reliance Industries (RIL) disclosed that the acquisition of US communications equipment manufacturer Mimosa by its Jio platform for $60 million through its wholly owned subsidiary Radisys Corporation had been completed.
Using Mimosa’s point-to-point and point-to-multipoint products, Jio Platforms, including Reliance Jio, would be able to boost their 5G and internet services, according to a statement from RIL.
RIL stated last Friday that Mimosa will now operate as a wholly-owned subsidiary of Radisys. “Mimosa brings a diverse portfolio of point-to-point and point-to-multipoint connectivity products leveraging unlicensed spectrum bands,” the company added.
RIL continued by saying that Mimosa’s technologies should make it possible to quickly deploy fixed wireless access (FWA) networks capable of moving multiple gigabits of data per second as well as wireless backhaul connectivity for telecommunications systems.
Products based on WiFi 5 and the more recent WiFi 6E technologies are included in Mimosa’s range, along with related accessories like twist-on antennae.
“These solutions have use cases in the backhaul requirements for 5G and FTTX/FWA rollouts, and Jio has been a major customer of Mimosa,” RIL continued.
Lower spectrum usage costs (SUC), solid subscriber growth, and an increase in average revenue per user (ARPU) all contributed to Jio Platform Ltd. reporting a 12.5% increase in net profit over the prior year. It also had an increase in net subscriber additions, which rose to 9.2 million from 6.4 million as of March 31.
The company reported a consistent increase in subscriber count and ARPU, along with an 11.3% year-over-year increase in operating income to Rs 26,115 crore.