Indian IT firm Tech Mahindra sells Altiostar stake to Rakuten Mobile

Indian IT firm Tech Mahindra sells Altiostar stake to Rakuten Mobile

Photo: Reuters

 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.