Question

    Jio Platforms, owned by Reliance Industries Ltd, will buy communications equipment maker Mimosa Networks for _____ to bolster its expanding 5G and broadband services.

    A $60 million Correct Answer Incorrect Answer
    B $63 million Correct Answer Incorrect Answer
    C $65 million Correct Answer Incorrect Answer
    D $70 million Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Jio Platforms, owned by Reliance Industries Ltd, will buy communications equipment maker Mimosa Networks for $60 million to bolster its expanding 5G and broadband services.The deal is between Radisys Corp, a unit of Jio Platforms, and US-based Airspan Networks Holdings, which owns Mimosa.

    Practice Next