Tech Mahindra sells Altiostar stake to Rakuten Mobile
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MUMBAI, Sept. 23 -- Indian IT services company Tech Mahindra and Rakuten Mobile Inc., a Rakuten group company responsible for mobile communications, on Wednesday announced an agreement under which the former has been appointed the preferred partner for global go-to market opportunities for the Rakuten Communications Platform (RCP). As part of the deal, Tech Mahindra has sold its stake in Delaware-based Altiostar Networks to Rakuten for $45 million.
In 2018, Tech Mahindra had acquired a 17.5% stake in the US-based telecom software development company Altiostar Networks for $15 million.
Rakuten Mobile and Tech Mahindra aim to drive innovation by transforming network services and enhancing customer experience globally. Based on the agreeme...
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