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Casa Systems closes sale of Cloud/RAN assets for $32.25 million
By Sarah Lizee
Olympia, Wash., May 1 – Casa Systems, Inc. closed the sale of its 5G Mobile Core and RAN businesses to Lumine Group US Holdco Inc. for $32.25 million, according to a notice filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.
The assets include Casa’s Axyom Cloud Native 5G Core Software & RAN assets.
Closing occurred on Monday.
Casa is a Delaware-incorporated cloud computing and broadband networking company with operations in over 70 countries. The company filed bankruptcy on April 3 under Chapter 11 case number 24-10695.
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