Latest news with #Mavenir
Barnama
30-07-2025
- Business
- Barnama
Mavenir Completes US$1.3 Bln Recapitalisation To Strengthen Financial Position, Fuel Growth
BUSINESS KUALA LUMPUR, July 30 (Bernama) -- Mavenir, a cloud-native network infrastructure provider, and its existing investor, private equity firm Siris, have completed a comprehensive recapitalisation with Mavenir's lenders. The transaction eliminates more than US$1.3 billion of existing debt and secures US$300 million in new senior financing, along with a subordinated facility from Siris and participating lenders. (US$1=RM4.23) Mavenir President and Chief Executive Officer, Pardeep Kohli said the recapitalisation provides a strengthened financial foundation for the company to further drive innovation for its global customer base. 'Mavenir has long been at the forefront of cloud transformation, and with this enhanced stability, we are well-positioned to continue redefining the Network of the Future with the support of Siris and our lender partners,' he said in a statement. Meanwhile, its Executive Chair and Siris Executive Partner, Hubert de Pesquidoux said the completion of the transaction demonstrates the continued confidence and commitment of both Siris and the lenders. 'With a significantly strengthened balance sheet and Siris' ongoing support, Mavenir is poised to accelerate its leadership in the software industry,' he added. Siris remains the controlling owner of Mavenir and will continue its active partnership as the company advances its vision of a cloud-native, artificial intelligence-enabled network. -- BERNAMA
Barnama
30-07-2025
- Business
- Barnama
Mavenir Completes Comprehensive Recapitalization
RICHARDSON, Texas, July 30 (Bernama) -- Mavenir, the cloud-native network infrastructure provider building the future of networks, and its existing investor Siris, a leading private equity firm focused on investing and driving value creation in technology companies, today announced that they have completed their previously announced comprehensive recapitalization with Mavenir's lenders. 'Mavenir has long been at the forefront of cloud transformation, and with a strengthened financial foundation, we are even better positioned to continue innovating for our global customer base,' said Pardeep Kohli, President and CEO of Mavenir. 'We look forward to continuing to redefine the Network of the Future alongside Siris and our lender partners.'
Business Wire
16-07-2025
- Business
- Business Wire
OXIO Surpasses 2 Million Activated Lines in North America, Signaling Growth in Telecom-as-a-Service (TaaS)
NEW YORK--(BUSINESS WIRE)-- OXIO, a leading Telecom-as-a-Service (TaaS) platform, today announced it has surpassed 2 million activated lines on its wholesale network across North America, marking a key milestone in the company's expansion. This achievement underscores OXIO's momentum and the growing demand for TaaS as businesses and brands across diverse sectors, including retail, fintech, media and entertainment, machine-to-machine (M2M), and celebrity, look to build, launch, and scale custom connectivity offerings. 'Surpassing 2 million activated lines across North America is another major achievement for OXIO as we continue to expand our global footprint,' said OXIO founder and CEO, Nicolas Girard. 'This growth showcases the rising number of brands leveraging connectivity as a strategic business lever that enables new revenue, deeper loyalty, and stronger retention. We're democratizing telecom infrastructure, making it more open, accessible, and flexible than ever before, and these numbers are proof of that transformation in motion.' The announcement follows several developments that support OXIO's growing presence in the telecom industry: OXIO connects telecom core with AT&T: In December, OXIO connected its wholesale network with AT&T to further expand its TaaS offering across the U.S. and facilitate faster go-to-market, embeddable connectivity, and competitive pricing for MVNOs. AWS Collaboration: In February, OXIO began running its cloud-native platform on Amazon Web Services (AWS), enabling the business to scale its network globally and rapidly serve customers in new markets. FCC Approval: OXIO's multi-carrier TaaS solution receives FCC approval, reinforcing the value of OXIO's cross-border TaaS offering and its ability to revolutionize how telecom is accessed, deployed and monetized. VoLTE GSMA Certification: OXIO passes GSMA VoLTE interoperability tests in Mexico and the U.S., confirming seamless VoLTE on its wholesale network. MATRIXX Software Partnership: OXIO partners with MATRIXX and deploys their digital monetization solution to further enhance its TaaS platform and rapidly support borderless MVNOs and embedded connectivity use cases on a global scale. Mavenir Partnership: OXIO partners with Mavenir to leverage the company's packet core, which enables 4G and 5G user connectivity with an open, cloud-native, container-based solution, accompanied by Mavenir's IMS and messaging platforms, driving revenue growth from valuable A2P and B2C segments. Delivering Embedded Connectivity Through a Software-First Approach OXIO's cloud-based, programmable TaaS solution is helping to transform connectivity from a basic utility into a strategic asset, unlocking high-value use cases traditional telecom hasn't supported. Businesses and brands are no longer satisfied with off-the-shelf MVNO solutions and now seek customizable, data-rich platforms that can fuel growth, enhance customer engagement, and open new revenue streams. OXIO is leading that shift with a global Telecom-as-a-Service model purpose-built for the modern enterprise. 'The telecom industry is shifting away from the traditional MVNO-in-a-box model toward more embedded, personalized connectivity,' Girard added. 'OXIO's Telecom-as-a-Service platform gives brands full control and flexibility to own the entire experience. We're reimagining telecom to be a global engine for business innovation and an enabler of new business models, unlocking richer customer intelligence and driving smarter, data-informed decisions.' For more information, visit About OXIO OXIO is building the global network of the future as the first Telecom-as-a-Service (TaaS) platform. Our technology-first approach to telecom unlocks innovation and possibility while delivering actionable insights for customer-obsessed companies competing in a data-driven world. OXIO is headquartered in New York and has offices in Mexico City and Montreal. For more information, visit To learn more about current openings, visit
Time of India
04-07-2025
- Business
- Time of India
Mavenir eyes top spot in telecom AI and software segment in 2-3 years
Mavenir India aims to establish itself as a leader in the artificial intelligence (AI) and software domain for the telecom industry including the enterprise market, according to a senior executive. 'Given our focus to innovate in the AI and software domain for communication service provider's (CSP) and enterprise market, we will take a leadership position in the next 2 to 3 years in this space,' Sanjay Bakaya, Country Head - India & Regional Vice President – India & South Asia, Mavenir told ETTelecom. As the company secures fresh capital, these refined priorities are set to shape how resources are allocated, marking a strategic shift aimed at strengthening market position and delivering measurable impact across its key growth areas, he said. 'This recapitalisation will enhance our ability to manage financial obligations while continuing to invest in our vision.' US-based network infrastructure firm Mavenir along with its existing investor Siris , a private equity firm, recently announced a recapitalisation plan in agreement with Mavenir's lenders. Under the plan, the transaction will eliminate over $1.3 billion in existing debt and secure $300 million in new senior financing, along with a subordinated facility from Siris and participating lenders. When asked if the company would exit the Open RAN business, he said, 'We are not exiting the Open RAN business. We will continue to support existing customers and maintain our hardware IP to keep maximum flexibility in this evolving market. Our continued investment in Open RAN software, alongside our retained hardware IP, ensures that Mavenir remains at the forefront of the Open RAN ecosystem going forward.' 'Mavenir has a significant presence in India. Our Core products are deployed at large scale across all CSP's in India covering IMS/VoLTE, converged packet core, messaging and security solutions besides engagements on Open RAN,' Bakaya said. Mavenir plans to double down on its profitable core segment while recalibrating Open RAN investments to focus on 4G and 5G deployments. The decision to retain all existing IP for radio and hardware whilst moving to a licensing route for O-RAN hardware will enable us to deliver differentiated value through software for both 4G and 5G O-RAN engagements, he said, adding we will continue to work with existing and new customers.
Time of India
16-06-2025
- Business
- Time of India
Mavenir & Siris announce recapitalisation plan, secure $300 million in senior financing
US-based network infrastructure firm Mavenir along with its existing investor Siris , a private equity firm, on Monday announced a recapitalisation plan in agreement with Mavenir's lenders. Under the plan, the transaction will eliminate over $1.3 billion in existing debt and secure $300 million in new senior financing, along with a subordinated facility from Siris and participating lenders, according to a statement from Mavenir, which was shared exclusively with ETTelecom. With increased liquidity, a more stable capital structure and substantially reduced net leverage, Mavenir will be well-positioned for sustained growth and long-term success, the company said. With the funding, Mavenir will be well-positioned to build on its industry-leading position in the mobile core development space. Siris will maintain its controlling ownership position in Mavenir and remain an active partner as Mavenir advances its vision of a cloud-native, AI-enabled network. 'We have been spearheading cloud transformation in Core and Open RAN. With a strengthened balance sheet and lower leverage, we are doubling down on our software expertise and domain knowledge to deliver a comprehensive, end-to-end, AI-native telco stack, setting Mavenir up for profitable growth in both Core and Open RAN,' said Pardeep Kohli , President and CEO of Mavenir. Mavenir will double down on its profitable core segment, a suite of software applications focused on voice, messaging, video and data services, while refining its Open RAN investments to prioritize software in 4G and 5G deployments. It will also maintain its Open RAN hardware IP and continue to support its existing customers to ensure maximum flexibility in the evolving Open RAN landscape. The firm said it will accelerate investment in AI capabilities across its mobile core and Open RAN businesses to drive autonomous networks, deliver AI-native solutions and unlock new revenue streams through AI-based solutions. This strategic focus aligns with Mavenir's vision of building the future of networks with cloud-native solutions that run on any cloud and will allow it to deliver more innovative products and programs to its global customer base while remaining at the forefront of the Open RAN ecosystem.
