fbpx
Thursday, March 28, 2024
No menu items!
Home5G knowledgeRakuten to acquire Altiostar at $1 billion

Rakuten to acquire Altiostar at $1 billion

Japan’s Rakuten Group on Wednesday 04/08/2021 said it will acquire US-based open virtual radio access network (open vRAN) provider Altiostar Networks Inc., at a total valuation of Altiostar of over $1 billion having as an objective to accelerate the global deployment of open, cloud-native and interoperable network infrastructure.

Rakuten Group CEO, Mickey Mikitani said : “We’re delighted to welcome the Altiostar team to the Rakuten family as we share a common passion for empowering mobile networks through disruptive innovation, offering mobile operators around the world secure, cost-effective and highly agile technology.”

 

Altiostar is currently 4G and 5G Open vRAN solutions to global telcos allowing them to shift to webscale cloud-native mobile networks, it is offering its suite of Open vRAN network functions on Rakuten’s fully virtualized, cloud-native platform, the Rakuten Communications Platform.

Altiostar Networks CEO, Ashraf Dahod said “Becoming a Rakuten Group company will allow us to build on our foundation and accelerate our technology development to help operators to innovate, explore new business models and bring affordable broadband to the masses through web-scale mobile networks,” added

Altiostar company works with Airtel in India, Dish in the United States, and Telefonica in Europe and Latam, It also has key partnerships with global companies including RCP, Cisco, VMware, Dell, Fujitsu, IBM/Red Hat, Intel, NEC, Qualcomm, Sterlite, Tech Mahindra, Facebook Connectivity, among others.


Benefit from Massive discount on our 5G Training with 5WorldPro.com

The most complete and comprehensive 5G course, follow this link for more information

Start your 5G journey and obtain 5G certification

contact us:  [email protected]

Stay Aware of the last 5G news

Register to our newsletter to receive last 5G news and 5G training details

Follow Us On Linkedin

Most Popular

Receive the latest events

Do you want to participate to this event ?

Get notified about new events

× Which Training you are interested in ?