Altiostar Networks Receives Strategic Investment from Rakuten
Summary
Altiostar Networks, Inc. , a Tewksbury, MA-based mobile technology company, received a strategic investment from Rakuten, Inc. (TOKYO: 4755). The deal, whose amount was not disclosed, is to be completed subject to approval by the Committee on Foreign Investment in the United States. In addition to the investment, Rakuten Mobile Network President Yoshihisa Yamada and Chief Technology Officer Tareq Amin will join the board of Altiostar (upon completion). This solution supports macro and small cells, indoor and outdoor, enabling interference management, carrier aggregation and dual reception to improve the efficiency of the network and enhances the Quality of Experience for the user while providing broadband speeds. To build its 5G-ready mobile network infrastructure, Rakuten is creating an open ecosystem by actively participating in crafting solutions through engagement with Intel and Qualcomm, as well as ODMs and innovative Virtual RAN companies like Altiostar.