Seems those sketches of Spain were about right. US-based core network provider Casa Systems, prominent on the private networks scene, has filed for Chapter 11 bankruptcy proceedings in a court in Delaware, and agreed a deal at the same time to sell its 5G core and radio network (RAN) assets to Canadian telecoms and media software company Lumine Group for an undisclosed fee. At the same time (or a week prior, in fact), US private RAN supplier Airspan Networks has confirmed it will receive up to $95 million in new equity funding to eliminate debt.
