Microsoft Buying Cloud Platform 5G Provider Affirmed Networks
27 March 2020 - 3:50AM
Dow Jones News
By Allison Prang
Microsoft Corp. is buying Affirmed Networks, a cloud platform
provider for 5G, for an undisclosed amount.
Microsoft announced the deal on its website Thursday. It didn't
release the deal's terms.
"This acquisition will allow us to evolve our work with the
telecommunications industry, building on our secure and trusted
cloud platform for operators," Microsoft said on its website.
Affirmed, based in Massachusetts, a day earlier said its board
named the company's chief operating officer and president, Anand
Krishnamurthy, as Affirmed's chief executive. Hassan Ahmed, the
company's previous CEO, is still chairman of Affirmed's board.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
March 26, 2020 12:35 ET (16:35 GMT)
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