Mukesh Ambani’s Reliance Jios Radicis to buy Mimosa Network for $60 million au78 | This American company will buy Mukesh Ambani’s Reliance Jio, the deal will be Tk 491 crore

Reliance Jio is now set to buy US IT giant Mimosa Networks as part of its expansion plans.

Mukesh Ambani’s Reliance Jio is now set to buy US IT giant Mimosa Networks as part of its expansion plans. This agreement between the two companies is going to be about 60 crore rupees. Reliance’s deal with Mimosa Networks for $60 million will be on a debt-free, cash-free basis. The company reported this information on Thursday. Airspan Networks Holdings and Radisys Corporation which is a subsidiary of Reliance Jio. Both companies announced the acquisition. Reliance Jio Infocomm USA Inc, Jio’s wholly-owned subsidiary, is a shareholder in AirSpan and is also on the board of directors, according to a company statement.

Will work on 5G network

After this acquisition, JIO will accelerate its 5G expansion plans. According to the company, the acquisition of Mimosa Networks will further Jio’s leadership and innovation. The company’s focus will be to deliver quality telecom network products and services to customers. Jio has already launched 5G services in large parts of the country. It is believed that after this acquisition, the company will work to increase the quality of those parts.

Also started on ChatGPT

Earlier, Reliance Jio’s subsidiary Jio entered ChatGPT through Haptic. The company claims that it will create a chatbot that acts like a human. According to the company, it will be completely different from the rest. At the time of the beta launch, the company said it would be a chatbot that would teach bots to act like humans. Reliance Jio’s chatbot can freely interact with its customers without hours of manual training and effort.

Now that Reliance Jio has acquired an IT company, it is believed that the company will use and improve its technology. Jio has set many new heights in technology in the past few years. At the same time, even during Corona, big tech giants like Google and Facebook also invested heavily in Jio.