Vodafone, Deutsche Telekom and Qualcomm are all set to exit the mobile network technology producer, which had raised just over $140m.
Software provider Microsoft has agreed to acquire US-based mobile network technology provider Affirmed Networks for a reported $1.35bn, allowing corporates Qualcomm, Vodafone and Deutsche Telekom to exit.
Although the companies did not disclose the size of the transaction, it valued Affirmed at $1.35bn, people familiar with the matter told Bloomberg.
Founded in 2010, Affirmed provides virtualised mobile network technology for enterprises, enabling them to manage their mobile applications across a range of networks including 5G, simplifying app deployment and cutting…
