Rakuten Group, a leading global innovation company in e-commerce, communications and fintech, and operator of Japan’s newest and most innovative mobile network, today announced the acquisition of U.S.-based mobile technology company, Altiostar Networks at a total valuation of Altiostar at USD 1B+.
Rakuten and Altiostar will partner to accelerate deployment of software-centric, virtualized services for the mobile industry across the globe. Altiostar’s 4G and 5G open virtual Radio Access Network (Open vRAN) solutions are accelerating the telecommunications industry’s paradigm shift to web-scale cloud native mobile networks.
Altiostar already offers its suite of Open vRAN network functions on the Rakuten Communications Platform (RCP). RCP is a fully virtualized, cloud-native telco platform which allows customers to easily and quickly build secure and open mobile networks at lower cost. RCP offers telcos, enterprises and government customers a marketplace from which they can select technologies to empower deployment of a 4G or 5G mobile network on Open RAN.
The initial investment by Rakuten into Altiostar was completed in May 2019 after approval by the Committee on Foreign Investment in the United States.
Dahod will continue as CEO, as well as assume a key role in Rakuten’s global RCP organization. Altiostar will continue to operate from its Tewksbury, Massachusetts headquarters.
After the successful launch of Rakuten Mobile’s 4G network in April 2020, Altiostar and Rakuten launched the world’s first container-based, cloud-native 5G radio access network (RAN) in September 2020.
Rakuten Group CEO, Mickey Mikitani
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 Networks CEO, Ashraf Dahod
Open RAN architecture and virtualization are key to building software-centric networks that can scale and adapt to meet an explosion of devices and applications driving service velocity and profits. 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.
