Radisys announces new closing date for by Reliance Industries acquisition.
INTERNET BUSINESS NEWS-(C)1995-2018 M2 COMMUNICATIONS
Radisys Corporation (NASDAQ: RSYS), a global leader of open telecom solutions, has announced that, at the request of Reliance Industries (RIL), Radisys and RIL have agreed to extend the closing date to a date no later than December 14, 2018 and the parties continue to work to close the transaction as promptly as practicable on or before that date, the company said.
In connection therewith, RIL also acknowledged that Radisys has satisfied all conditions to RIL's obligations to close the transaction.
Radisys, a global provider of open telecom solutions, enables service providers to drive disruption with new open architecture business models. Radisys' innovative disaggregated and virtualized enabling technology solutions leverage open reference architectures and standards, combined with open software and hardware to power business transformation for the telecom industry, while its world-class services organization delivers systems integration expertise necessary to solve communications and content providers' complex deployment challenges. For more information, visit www.Radisys.com.
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|Publication:||Internet Business News|
|Date:||Dec 14, 2018|
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