Reliance Jio to buy US communications gear maker Mimosa Networks for $60m

Reliance Jio to buy US communications gear maker Mimosa Networks for $60m

FILE PHOTO: A man walks across the LED board showing the logo of Jio at the ongoing India Mobile Congress 2022, at Pragati Maidan, in New Delhi, India, October 3, 2022. REUTERS/Anushree Fadnavis

Jio Platforms, owned by Indian conglomerate Reliance Industries Ltd, will buy communications equipment maker Mimosa Networks for $60 million to bolster its expanding 5G and broadband services, the companies said on Thursday.

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