Latest news with #PardeepKohli
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.
Bahrain News Gazette
05-03-2025
- Business
- Bahrain News Gazette
Mavenir and e& UAE Announce Multi-Year Strategic Technology Partnership at #MWC25 Starting with Collaboration in Converged 5G Packet Core
Mavenir and e& UAE Announce Multi-Year Strategic Technology Partnership BARCELONA, Spain, March 05, 2025 (GLOBE NEWSWIRE) — Mavenir, the cloud-native network infrastructure provider, and e& UAE, telecom arm of global technology group e&, announced a collaboration to advance e& UAE's future of cloud-native converged packet core networks across 4G, 5G (NSA and SA) at Mobile World Congress in Barcelona. This marks a significant milestone in the journey towards next-generation connectivity and digital transformation. This long-term partnership leverages cutting-edge technologies and advanced features, including AI-enabled 5G services, automation, and orchestration. This robust infrastructure is designed to support a wide range of future use cases, from enhanced mobile broadband and ultra-reliable low-latency communications to massive machine-type communications. With Mavenir and e& UAE coming together, it sets the stage for innovative use cases, including smart cities, autonomous vehicles, industrial IoT, and immersive AR/VR experiences using the latest AI technology. The converged packet core environment ensures seamless transition and readiness for 6G capabilities, paving the way for future advancements in connectivity supporting the expanding business needs of e& UAE. Pardeep Kohli, President and CEO of Mavenir: 'We are thrilled to partner with e& UAE in deploying a state-of-the-art 5G core network. This collaboration underscores our commitment to driving innovation and delivering cutting-edge solutions that empower our customers. The advanced features and technologies integrated into this network will unlock new possibilities and set the foundation for future 6G capabilities.' Khaled Al Suwaidi, core networks and platforms, e& UAE, said: 'Our successful collaboration with Mavenir marks a significant step forward in our mission to provide world-class connectivity and digital services to our customers. The deployment of this advanced 5G core network not only enhances our current offerings but also positions us at the forefront of technological innovation. We look forward to exploring new areas together in AI, automation, orchestration, digital BSS, and RCS, to continue delivering exceptional value to our customers.' Mavenir and e& UAE are committed to ongoing collaboration in various domains to drive continuous innovation and deliver transformative digital experiences to customers across the region. About Mavenir 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 About e& UAE e& UAE is the flagship telecom arm of e& in the UAE, built on a 5-decades legacy of connectivity excellence. Our mission is to deliver world-class superior connectivity experiences that fuel the UAE's future-focused innovation. Leveraging the latest world-class technologies, e& UAE aims to transform lives and industries, turning every connection into an opportunity for growth and every interaction into a transformative possibility. We are focused on expanding our core services and digital marketplaces by enriching consumer value propositions that cater to new lifestyles and emerging demands beyond core telecom services, including health, insurance and gaming. As a trusted enterprise partner, e& UAE continues to power entire industries with 5G and AI, delivering a tailored ecosystem of solutions to meet their connectivity needs and more, empowering them to automate, innovate, transform, and scale. Strengthening our leadership position as an AI-powered telco, e& UAE delivers seamless connectivity, cutting-edge AI solutions, and sustainable innovation to uplift people and communities, and empower businesses and industries, so everyone thrives in a digital-first world. Media Contacts For more information, please contact:
