Mavenir Announces Creation of Business Unit to Accelerate OpenRAN RRU (Remote Radio Unit) Ecosystem
16.12.2020 18:00:00 EET | Business Wire | Press release
Mavenir, the industry’s only end-to-end Network Software Provider, announces an expanded Radio organization as its industry leadership and progress continues in OpenRAN. Mavenir has been an early advocate for OpenRAN to drive openness, innovation, and security in 5G and this expansion will energize the Remote Radio Unit ecosystem.
The OpenRAN industry depends on availability of carrier-grade, ORAN-compliant radios that can meet the evolving needs and requirements of Public and Private Mobile networks. To this end, Mavenir is announcing a new business unit to develop hardware and software production quality designs for OpenRAN radios, that will enable vendors/partners to build radios for specific markets. Mikael Rylander will lead this Business Group as SVP and GM, Radio Business Unit, to focus on RRUs and RRU ecosystem.
“Our OpenRAN deployments and trials are gaining momentum globally. To further strengthen our roadmap and ongoing Radio Access strategic initiatives, I am pleased to announce the formation of an RRU Business Unit,” said Pardeep Kohli, President and CEO of Mavenir. “With our leadership in OpenRAN, we want to enable best-in-class partner ecosystem that can together deliver a portfolio of compelling OpenRAN radios. We will support this ecosystem with RRU software, expertise, facilitation of appropriate production sites and RRU validation with our vRAN products. These radios will be available for use by any OpenRAN vendor and not exclusively to Mavenir.”
In addition, Puneet Sethi will be joining Mavenir as SVP/GM, to lead the RAN Business Unit and focus on creating and delivering market leading CU and DU Software solutions. Mavenir’s CU and DU solutions are designed based on OpenRAN principles and are already deployed with multiple OpenRAN compliant 3rd party radios. Remaining committed to those OpenRAN principles, Mavenir’s CU and DU software solutions will work with both Mavenir radio unit products and 3rd party radio units, thereby offering customers the widest choice in the industry.
Puneet joins Mavenir most recently from Qualcomm where he helped establish Small Cells and RAN Infra Business ground up to its existing industry leading position in 5G. He had the overall responsibility of the business unit P&L, execution, product roadmap and business development. While delivering significant business growth, he successfully evolved FSM RAN products including baseband SoC, SW and RF through 3G/4G/5G industry transitions to meet the needs of Qualcomm’s global customer base. Prior to his current role, he held other roles at Qualcomm including UWB business development and leading PHY software team responsible for Qualcomm’s first LTE UE modem launch. He also brings diverse set of telecom experiences from his prior roles at Radioframe Networks, Comneon and Ubinetics.
About Mavenir:
Mavenir is the industry's only end-to-end, cloud-native network software provider. Focused on accelerating software network transformation and redefining network economics for Communications Service Providers (CSPs) by offering a comprehensive end-to-end product portfolio across every layer of the network infrastructure stack. From 5G application/service layers to packet core and RAN – Mavenir leads the way in evolved, cloud-native networking solutions enabling innovative and secure experiences for end users. Leveraging industry-leading firsts in VoLTE, VoWiFi, Advanced Messaging (RCS), Multi-ID, vEPC, and Virtualized RAN, Mavenir accelerates network transformation for more than 250+ CSP customers in over 120 countries, serving over 50% of the world’s subscribers.
We embrace disruptive, innovative technology architectures and business models that drive service agility, flexibility, and velocity. With solutions that propel NFV evolution to achieve web-scale economics, Mavenir offers solutions to help CSPs with cost reduction, revenue generation, and revenue protection. Learn more at mavenir.com
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: https://www.businesswire.com/news/home/20201216005271/en/
Contact information
Maryvonne Tubb
Mavenir
PR@mavenir.com
Loren Guertin
MatterNow
mavenir@matternow.com
Kevin Taylor
GlobalResultsPR
mavenir@globalresultspr.com
About Business Wire
For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
M1X Global Announces Public Launch and Oversubscribed $3 Million Angel Round to Scale On-Chain Sovereign Finance26.3.2026 14:13:00 EET | Press release
M1X Global, a sovereign financial infrastructure and technology company, today announced its public launch alongside the close of an oversubscribed $3 million angel round. The funding, spanning strategic investments and grants, will support platform development and accelerate regulated institutional adoption of USDM1, the first USD-denominated, treasury collateralized sovereign debt instrument issued natively by a sovereign on public blockchain infrastructure. The $3 million in funding drew participation from leading figures across global capital markets and digital asset infrastructure, including Balaji Srinivasan, former CTO of Coinbase; Tama Churchouse, CEO of Cumberland Labs; Richard Gorelick, former Head of Market Structure at DRW; and Dan Robichaud, former CIO at Intel. Institutional participation from FJ Labs and grant funding from Stellar Development Foundation reflect strong alignment between private capital and mission-driven partners advancing blockchain-based market develop
500 Global Taps Former IFC CIO As Firm Expands Global Investment Platform26.3.2026 14:00:00 EET | Press release
500 Global today announced the appointment of Atul Mehta to its Board of Directors, marking an important step in the firm’s continued evolution as a global venture platform and institutional asset manager. Mehta brings more than three decades of global investment and institutional leadership experience at a time when 500 Global has observed governments, multilateral institutions, and long-term capital providers rethinking how technology-led growth is financed and scaled. He has held senior roles across private capital and development finance, including at the International Finance Corporation (IFC), where he managed multi-billion-dollar portfolios spanning technology, venture funds, infrastructure, agribusiness, healthcare, education, and financial services across emerging markets. Over his career, he has helped design and govern investment platforms—including blended finance structures and cross-border funds—that translate national development priorities into market-oriented investmen
AI Ambitions at Risk as Only 14% of Enterprises Fully Realize Cloud Value, NTT DATA Study Finds26.3.2026 14:00:00 EET | Press release
NTT DATA, a global leader in AI, digital business and technology services, today released its new report, Cloud-led innovation in the era of AI: The new rules for driving value with cloud, revealing that just 14% of organizations have reached the highest level of cloud maturity despite nearly two decades of cloud adoption. Based on a global survey of more than 2,300 senior decision-makers across 33 countries, the findings highlight a paradox as cloud takes on a new and critical role as the execution layer of the AI operating model. While 99% of organizations say AI is increasing demand for cloud investment, 88% say current cloud investment levels are putting AI, cloud-native and modernization initiatives at risk. Additionally, while cloud is seen as essential for innovation, fewer than half of organizations are satisfied with its impact or with their modernization progress, signaling a disconnect between ambition and reality as expectations rise. Cloud leaders, or organizations that in
Visa Launches Enhanced Subscription Manager, Giving Consumers Greater Control Over Recurring Payments26.3.2026 13:00:00 EET | Press release
Visa (NYSE: V), a global leader in digital payments, today unveiled an Enhanced Subscription Manager solution, a new value‑added service within its Digital Issuer Solutions business. As the number of subscriptions worldwide is projected to reach 12 billion by 2030, consumers are seeking simple, transparent ways to track and manage recurring charges. In support of this, Visa is collaborating with Pinwheel, a leading provider of in‑app bill management capabilities. Enhanced Subscription Manager helps issuers respond to consumer demand by offering a consolidated, easy-to-integrate solution that elevates the user experience. Issuers can give cardholders greater subscription visibility, easy payment switching methods and cancellation capabilities, all without leaving their banking app. This helps reduce unwanted charges by giving consumers greater confidence and control over recurring subscription payments. Issuers can help strengthen engagement, improve retention, and reduce disputes and c
Smartstream Smart Agents Delivers 70% Reduction in Back-Office Investigation Time, Proving the Case for Autonomous Operations26.3.2026 11:30:00 EET | Press release
Smartstream, the trusted data solutions provider for leading global financial institutions and enterprises, today announces that Smart Agents - its agentic AI solution for bank back-office operations is delivering measurable, transformational impact, with pilot results showing a 70% reduction in investigation time per user, per break. As the industry accelerates toward a service as software (SaS) operating model, and allowing more work to get done from software solutions, Smartstream is embracing this approach with agentic AI. The results validate a fundamental shift in how financial institutions approach exception management. In one benchmark scenario, the manual processing of 500 exceptions, typically requiring 116 hours of team effort, was reduced to just a few hours under fully autonomous operations. This eliminates swivel-chair workflows and frees up teams to focus on risk oversight, decision making, and higher-value activities. Institutions continue to struggle with back-office w
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom
