Altiostar closes financing for open virtual RAN for 4G/5G : Page 2 of 2

May 09, 2019 //By Jean-Pierre Joosting
Altiostar closes financing for open virtual RAN for 4G/5G
In order to bring virtual RAN (open vRAN) technology to 4G/5G, Altiostar, has closed a $114 million Series C round of financing with Rakuten coming on board as an investor.

Concurrently with this financing round, Altiostar has agreements solidifying its relationship with each of its strategic partners.

  • Rakuten, which is collaborating with Altiostar on the development of 5G, is deploying the Altiostar virtualized RAN in their mobile network.
  • Qualcomm Technologies Inc., which has entered into a development collaboration agreement with Altiostar.
  • Tech Mahindra, which has signed a value-added-reseller/system integrator contract with Altiostar.

The Rakuten Group, headquartered in Japan, offers a variety of services in e-commerce, fintech, communications and digital content. After being granted spectrum by the Japanese government in early 2018, Rakuten plans to launch an innovative, end-to-end fully virtualized cloud-native mobile network in October 2019.

See also: A testing time for the future IoT

"Rakuten shares Altiostar's vision of open, virtualized radio access networks: The Altiostar vRAN is one of the key enablers of the end-to-end cloud-native, software-defined network we will launch in Japan this year. Through our work with Altiostar, we aim to take the lead in driving RAN virtualization and disrupting the mobile industry," said Tareq Amin, CTO of Rakuten Mobile, Inc.

See also: O-RAN Open Source Community launched

"Qualcomm Ventures' investment in Altiostar reflects our confidence in the ability of disaggregated RAN and vRAN architectures to transform mobile networks," said Brian Modoff, executive vice president, strategy and M&A, Qualcomm Incorporated.

"Tech Mahindra's network service portfolio includes all aspects of building, deploying and operating radio access networks. Tech Mahindra has extended its regional services capabilities and global reach through strategic acquisitions and has a truly global presence to help provide scale to emerging technologies like Altiostar's open vRAN," said Manish Vyas, President, Communications, Media & Entertainment Business, & CEO, Network Services, Tech Mahindra.

https://global.rakuten.com/corp
www.qualcomm.com
www.techmahindra.com
www.altiostar.com


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