On Wednesday, Tech Mahindra and Rakuten Mobile Inc have 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). According to the agreement, 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 per cent 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.