Tokyo, Japan, May 7, 2019 – Rakuten, Inc., a leading global innovation company in e-commerce, communications and fintech, and soon to be the operator of Japan’s newest and most innovative mobile network, today announced that it has received approval from the Committee on Foreign Investment in the United States to complete its investment in the US-based mobile technology company, Altiostar Networks, Inc.
In line with the completion of the investment, Rakuten and Altiostar will embark on a strategic alliance to accelerate deployment of Altiostar’s virtual Radio Access Network solutions for 4G and 5G and drive the telecommunications industry paradigm shift to web-scale cloud native mobile networks.
Rakuten Mobile President, Yoshihisa Yamada, and Chief Technology Officer, Tareq Amin, will join the board of directors of Altiostar.
For more information on the Rakuten investment in Altiostar, please refer to the following press release:
Rakuten to Invest in Mobile Industry Innovator Altiostar
https://global.rakuten.com/corp/news/press/2019/0212_05.html
About Rakuten
Rakuten, Inc. (TSE: 4755) is a global leader in internet services that empower individuals, communities, businesses and society. Founded in Tokyo in 1997 as an online marketplace, Rakuten has expanded to offer services in e-commerce, fintech, digital content and communications to more than 1.2 billion members around the world. The Rakuten Group has over 17,000 employees, and operations in 30 countries and regions. For more information visit https://global.rakuten.com/corp/.
About Altiostar
Altiostar provides a 5G-ready virtualized RAN software solution that supports open interfaces and disaggregates the hardware from the software to build an open multi-vendor web-scale network. This solution supports macro and small cells, indoor and outdoor, enabling interference management, carrier aggregation and dual reception to improve the efficiency of the network and enhances the Quality of Experience for the user while providing broadband speeds. Operators can add intelligence, quickly adapt the software for different services and automate operations to rapidly scale the network.
For more information visit http://www.altiostar.com or follow on Twitter @altiostar.