Airspan Networks acquires Mimosa Networks

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 company said.

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.

Airspan (OTC PINK : AIRO) is an award-winning 4G & 5G small cell access and backhaul solution provider, with over 1000 customers in over 100 countries. Airspan has an expansive product portfolio, which includes indoor and outdoor small cells, and all-outdoor, compact Micro and Macro base stations, a variety of user devices and network optimization solutions ranging from sub-6GHz to millimetre wave.

Oak Investment Partners XI, Limited Partnership holds a controlling interest in Airspan. Airspan is not subject to the informational reporting requirements of the Securities Exchange Act of 1934 and, accordingly, does not file reports, financial statements, proxy statements, information statements or other information with the Securities and Exchange Commission.

Mimosa Networks is the global technology provider of wireless broadband solutions, delivering fiber-fast connectivity to service providers and enterprise, industrial and government operators worldwide. Founded in 2012 and headquartered in Silicon Valley, Mimosa is sold worldwide by members of Mimosa´s partner program. For more information, visit www.mimosa.co.