Reliance Industries 5G push: Mukesh Ambani-led company to acquire telecom solutions firm Radisys

To further strengthen its foothold in telecom market, the Reliance Industries (RIL), which is India's largest private sector company, has signed a pact to acquire US-based telecom solutions provider Radisys. The buyout of the US telecom solutions provider is expected to strengthen Jio's position in areas like 5G and Internet of Things (IoT). To acquire Radisys, the Mukesh Ambani backed company will pay $1.72 per share in cash.

Radisys is a leader in providing open telecom solutions to service providers worldwide. Headquartered in Hillsboro, Oregon.  Radisys delivers value to service providers and telecom equipment vendors by providing disruptive open-centric software, hardware and service capabilities that enable the migration to next-generation network topologies.

“Reliance and Jio have been disrupting legacy business models and establishing new global benchmarks. Radisys’ top-class management and engineering team offer Reliance rapid innovation and solution development expertise globally, which complements our work towards software-centric disaggregated networks and platforms, enhancing the value to customers across consumer and enterprise segments,” said Akash Ambani, Director of Reliance Jio. 

“This acquisition further accelerates Jio’s global innovation and technology leadership in the areas of 5G, IOT and open source architecture adoption.” Brian Bronson, CEO of Radisys said  the support of RIL will accelerate its strategy and the scale required by its customers to further deploy full suite of products and services. "Radisys team will continue to work independently on driving its future growth, innovation and expansion. The addition of Reliance’s visionary leadership and strong market position will enhance Radisys’ ability to develop and integrate large-scale, disruptive, open-centric end-to-end solutions,” Bronson said.