Mavenir Announces up to $75 Million Investment From an Existing Investor

Mavenir Announces up to $75 Million Investment From an Existing Investor: 2024.06.02 11:46 입력

RICHARDSON, TEXAS--(<a href="https://www.newswire.co.kr/?sd=203" style="box-sizing: border-box; max-height: 1e+06px; color: rgb(0, 145, 230); text-decoration-line: none; background-color: rgb(255, 255, 255); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16.995px; word-spacing: 1px; word-break: break-all !important;">Business Wire</a> / <a href="https://www.newswire.co.kr/" style="box-sizing: border-box; max-height: 1e+06px; color: rgb(0, 145, 230); text-decoration-line: none; background-color: rgb(255, 255, 255); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16.995px; word-spacing: 1px; word-break: break-all !important;">Korea Newswire</a>)--Mavenir, the cloud-native network infrastructure provider building the future of networks, today announced up to a $75 million investment from an existing investor. The additional capital will drive Mavenir’s business strategy, anchored in end-to-end 5G transformation.<br style="box-sizing: border-box; max-height: 1e+06px; color: rgb(43, 43, 43); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16.995px; word-spacing: 1px; background-color: rgb(255, 255, 255);"><br style="box-sizing: border-box; max-height: 1e+06px; color: rgb(43, 43, 43); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16.995px; word-spacing: 1px; background-color: rgb(255, 255, 255);">Pardeep Kohli, President and CEO of Mavenir, commented: “Mavenir continues to be an industry leader at the forefront of network innovation and automation. With our investor group’s support, we will accelerate strategic investments in Open RAN and 5G Core solutions and efficiently meet our product roadmap. We are excited to continue building networks of the future for the benefit of our customers and partners.”<br style="box-sizing: border-box; max-height: 1e+06px; color: rgb(43, 43, 43); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16.995px; word-spacing: 1px; background-color: rgb(255, 255, 255);"><br style="box-sizing: border-box; max-height: 1e+06px; color: rgb(43, 43, 43); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16.995px; word-spacing: 1px; background-color: rgb(255, 255, 255);">Terry Hungle, CFO of Mavenir, commented: “The steadfast support and confidence from our partners sets us up for long-term success. This positions us for growth as we accelerate the 5G transformation and bolster the global expansion for our products and solutions.”<br style="box-sizing: border-box; max-height: 1e+06px; color: rgb(43, 43, 43); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16.995px; word-spacing: 1px; background-color: rgb(255, 255, 255);"><br style="box-sizing: border-box; max-height: 1e+06px; color: rgb(43, 43, 43); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16.995px; word-spacing: 1px; background-color: rgb(255, 255, 255);">Notes to the editor:<br style="box-sizing: border-box; max-height: 1e+06px; color: rgb(43, 43, 43); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16.995px; word-spacing: 1px; background-color: rgb(255, 255, 255);"><br style="box-sizing: border-box; max-height: 1e+06px; color: rgb(43, 43, 43); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16.995px; word-spacing: 1px; background-color: rgb(255, 255, 255);">Recent investment related press releases<br style="box-sizing: border-box; max-height: 1e+06px; color: rgb(43, 43, 43); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16.995px; word-spacing: 1px; background-color: rgb(255, 255, 255);">- <a href="https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.mavenir.com%2Fpress-releases%2Fmavenir-raises-100-million-of-capital-to-accelerate-investments-in-strategic-growth-products%2F&esheet=54022935&newsitemid=20240530550460&lan=en-US&anchor=Mavenir+Raises+%24100+Million+of+Capital+to+Accelerate+Investments+in+Strategic+Growth+Products+-+Mavenir&index=1&md5=7612c3d2ad885258831f0ab85e90b20f" target="_blank" style="box-sizing: border-box; max-height: 1e+06px; color: rgb(0, 145, 230); text-decoration-line: none; background-color: rgb(255, 255, 255); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16.995px; word-spacing: 1px; word-break: break-all !important;">Mavenir Raises $100 Million of Capital to Accelerate Investments in Strategic Growth Products - Mavenir</a><br style="box-sizing: border-box; max-height: 1e+06px; color: rgb(43, 43, 43); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16.995px; word-spacing: 1px; background-color: rgb(255, 255, 255);">- <a href="https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.mavenir.com%2Fpress-releases%2Fmavenir-raises-155-million-of-capital-to-accelerate-investments-in-strategic-growth-products%2F&esheet=54022935&newsitemid=20240530550460&lan=en-US&anchor=Mavenir+Raises+%24155+Million+of+Capital+to+Accelerate+Investments+in+Strategic+Growth+Products+-+Mavenir&index=2&md5=d9ab8a904c4a924ad8120f78ffba51f9" target="_blank" style="box-sizing: border-box; max-height: 1e+06px; color: rgb(0, 145, 230); text-decoration-line: none; background-color: rgb(255, 255, 255); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16.995px; word-spacing: 1px; word-break: break-all !important;">Mavenir Raises $155 Million of Capital to Accelerate Investments in Strategic Growth Products - Mavenir</a><br style="box-sizing: border-box; max-height: 1e+06px; color: rgb(43, 43, 43); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16.995px; word-spacing: 1px; background-color: rgb(255, 255, 255);">- <a href="https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.mavenir.com%2Fpress-releases%2Fmavenir-announces-500-million-private-placement-with-koch-strategic-platforms%2F&esheet=54022935&newsitemid=20240530550460&lan=en-US&anchor=Mavenir+Announces+%24500+Million+Private+Placement+with+Koch+Strategic+Platforms+-+Mavenir&index=3&md5=68fb41e7803883d49b3b90bbc9e38776" target="_blank" style="box-sizing: border-box; max-height: 1e+06px; color: rgb(0, 145, 230); text-decoration-line: none; background-color: rgb(255, 255, 255); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16.995px; word-spacing: 1px; word-break: break-all !important;">Mavenir Announces $500 Million Private Placement with Koch Strategic Platforms - Mavenir</a><br style="box-sizing: border-box; max-height: 1e+06px; color: rgb(43, 43, 43); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16.995px; word-spacing: 1px; background-color: rgb(255, 255, 255);"><br style="box-sizing: border-box; max-height: 1e+06px; color: rgb(43, 43, 43); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16.995px; word-spacing: 1px; background-color: rgb(255, 255, 255);"><span style="box-sizing: border-box; max-height: 1e+06px; font-weight: bolder; color: rgb(43, 43, 43); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16.995px; word-spacing: 1px; background-color: rgb(255, 255, 255);">About Mavenir<br style="box-sizing: border-box; max-height: 1e+06px; color: rgb(43, 43, 43); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16.995px; word-spacing: 1px; background-color: rgb(255, 255, 255);"><br style="box-sizing: border-box; max-height: 1e+06px; color: rgb(43, 43, 43); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16.995px; word-spacing: 1px; background-color: rgb(255, 255, 255);">Mavenir is building the future of networks today with cloud-native, AI-enabled solutions which are green by design, empowering operators to realize the benefits of 5G and achieve intelligent, automated, programmable networks. As the pioneer of Open RAN and a proven industry disruptor, Mavenir’s award-winning solutions are delivering automation and monetization across mobile networks globally, accelerating software network transformation for 300+ Communications Service Providers in over 120 countries, which serve more than 50% of the world’s subscribers. For more information, please visit <a href="https://www.mavenir.com/" target="_blank" style="box-sizing: border-box; max-height: 1e+06px; color: rgb(0, 145, 230); text-decoration-line: none; background-color: rgb(255, 255, 255); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16.995px; word-spacing: 1px; word-break: break-all !important;">www.mavenir.com</a>.<br style="box-sizing: border-box; max-height: 1e+06px; color: rgb(43, 43, 43); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16.995px; word-spacing: 1px; background-color: rgb(255, 255, 255);"><br style="box-sizing: border-box; max-height: 1e+06px; color: rgb(43, 43, 43); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16.995px; word-spacing: 1px; background-color: rgb(255, 255, 255);">View source version on businesswire.com: <a href="https://www.businesswire.com/news/home/20240530550460/en/" target="_blank" style="box-sizing: border-box; max-height: 1e+06px; color: rgb(0, 145, 230); text-decoration-line: none; background-color: rgb(255, 255, 255); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16.995px; word-spacing: 1px; word-break: break-all !important;">https://www.businesswire.com/news/home/20240530550460/en/</a><br style="box-sizing: border-box; max-height: 1e+06px; color: rgb(43, 43, 43); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16.995px; word-spacing: 1px; background-color: rgb(255, 255, 255);"><br style="box-sizing: border-box; max-height: 1e+06px; color: rgb(43, 43, 43); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16.995px; word-spacing: 1px; background-color: rgb(255, 255, 255);"><p style="box-sizing: border-box; max-height: 1e+06px; margin-bottom: 1rem; color: rgb(43, 43, 43); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16.995px; word-spacing: 1px; background-color: rgb(255, 255, 255);">Website: <a href="http://www.mavenir.com/" target="_blank" rel="nofollow" style="box-sizing: border-box; max-height: 1e+06px; color: rgb(0, 145, 230); text-decoration-line: none; background-color: transparent; letter-spacing: 0px !important; word-break: break-all !important;">http://www.mavenir.com</a><p style="box-sizing: border-box; max-height: 1e+06px; margin-bottom: 1rem; color: rgb(43, 43, 43); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16.995px; word-spacing: 1px; background-color: rgb(255, 255, 255);"><i class="icons-mo ico-news-globe-md" style="box-sizing: border-box; max-height: 1e+06px; display: inline-block; vertical-align: middle; transform: translate(0px, 0px); background: url("/property/img/comm/icons_mo_20240328.png?v=1") -250px -90px / 800px 800px no-repeat; width: 16px; height: 16px;"> <a href="https://www.newswire.co.kr/newsRead.php?no=990788" style="font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16.995px; word-spacing: 1px; box-sizing: border-box; max-height: 1e+06px; color: rgb(0, 145, 230); text-decoration-line: none; letter-spacing: 0px !important; word-break: break-all !important;">View Korean version of this release</a>