Reliance Industries 5G push: Mukesh Ambani-led company to acquire telecom solutions firm Radisys
Reliance Industries 5G push: 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)
Reliance Industries 5G push: To acquire Radisys, the Mukesh Ambani backed company will pay $1.72 per share in cash. Image source: PTI