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 agreement, as a preferred partner, Tech Mahindra will provide its leading technologies and software capabilities to support the development and deployment of mobile networks for global customers of RCP. Through the agreement, Tech Mahindra will also provide managed IT, security and network services to Rakuten Mobile, and there are also plans to designate Tech Mahindra as an official reseller of RCP.
Tech Mahindra and Rakuten Mobile will leverage their partnership to develop and deploy virtualized mobile networks based on RCP to disrupt the telecom landscape. RCP contains all the elements of the Rakuten Mobile network, including telco applications and software from multiple vendors, 08S and BSS, edge computing and virtual network management functions. RCP also incorporates an app—store-like interface where customers can tailor the platform to their local requirements.
Manish Vyas, President, Communications, Media & Entertainment Business and CEO, Network Services, Tech Mahindra, said, “There has been a renewed interest in the disaggregated software-based cloud native network from enterprises to drive network transformation. As part of TechMNxt charter, our collaboration with Rakuten Mobile will enable us to support the deployment of mobile networks based on a highly innovative cloud-based communication platform that is open, scalable and highly secure.”
This article was first published on livemint.com.