Airspan Networks inc. and Mitsui & Co., Ltd., announced that they have finalized terms for a strategic partnership. This represents the first step for Mitsui towards investing in and growing its 5G business, in one of the most promising technologies of tomorrow and players in the space.
As part of this collaboration, Mitsui will also be able to provide financial and commercial support, to Airspan for large scale 5G rollouts. Furthermore MKI a fully owned subsidiary of Mitsui will provide Airspan with operational and deployment support in Japan and Asia thanks to its years of local experience and reach.
Taisuke Miyake General Manager, IT Solution Dept. ICT Business Unit, of Mitsui, said: “We are proud to partner with Airspan, their success in delivering innovative and proven scalable 4G solutions will serve as a key advantage now in realizing their disruptive vision for 5G Open RAN network infrastructure, software, and services.”
Henrik Smith-Petersen, Chief Sales and Marketing Officer, Airspan Networks, said: “Mitsui’s experience in pioneering new technologies on a global level will be an invaluable asset for us as we scale and ramp up our 5G network deployments worldwide, we are excited and honored to welcome such a prestigious partner.”