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Airspan Buys Mimosa for Fixed Wireless Know-How

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11/21/2018

SANTA CLARA, Calif. -- Mimosa’s acclaimed capabilities and innovation in wireless broadband point-to-point and point-to-multipoint networks strengthens Airspan’s award-winning, disruptive position in the Mobile 4G/5G network densification space and expands Airspan’s existing North American presence with an engineering center in Silicon Valley.

The deal strengthens Airspan’s innovative leadership in 5G network infrastructure by leveraging the combined teams’ technologies and products, sales channels and customer base, driving next-generation wireless solutions into a broader set of market opportunities. Airspan’s global customer base includes Mobile Operators, Cable/MSO’s, CSP’s, Wireless ISP’s and private network operators in public safety, utilities, oil and gas and air to ground. Airspan is also the only major American network infrastructure company to offer 5G solutions to a worldwide market.

Airspan will continue to leverage the robust Mimosa channel-led sales strategy. This channel strategy will also be used to enhance the distribution of Airspan’s existing products for specific vertical markets, such as private LTE and applications in the newly available CBRS spectrum band.

“This important step in Airspan’s growth emphasizes critical new solutions in mobile and broadband and the addition of the Santa Clara team strengthens our capabilities in the disruptive massively scalable densification techniques that are required by the 4G/5G telecom expenditure cycle currently underway. Mimosa brings important intellectual property to the table and accelerates Airpsan’s path to delivering 5G features such as Massive MIMO to the industry” said Eric Stonestrom, CEO of Airspan. “Furthermore, Mimosa’s disruptive and award-winning fixed wireless technology addresses the rapidly growing wireless broadband markets and further establishes Airspan as a leader in the convergence of densified 4G/5G mobile network backhaul and Broadband Access. Also the strong distribution channel allows Airspan products to be sold to many more customers.

We are excited to welcome the Mimosa team into the Airspan family. This acquisition will bring an immediate diversity to our customer base, vertical markets, product portfolio, development centers and sales channels, and places Airspan in the heart of Silicon Valley 5G application innovation.”

Airspan Networks Inc. (Nasdaq: AIRN)

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