Tech Mahindra sells stake in Altiostar to Rakuten for $45 million

IT services major Tech Mahindra on Wednesday said its subsidiary has divested its stake in Altiostar Networks for USD 45 million (about Rs 331 crore) to Rakuten USA, Inc.

Tech Mahindra has also inked an agreement with Rakuten Mobile, under which the Indian tech firm will be a preferred partner and provide technologies as well as software capabilities to support the development and deployment of mobile networks for global customers of Rakuten Communications Platform (RCP).