On August 4, 2021, Rakuten Group, Inc., a leading global innovation company in e-commerce, communications and fintech, and operator of Japan’s newest and most innovative mobile network, announced the acquisition of US-based mobile technology company, Altiostar Networks, Inc., at a total valuation of Altiostar at USD $1B+. Rakuten and Altiostar will partner to accelerate deployment of software-centric, virtualized services for the mobile industry across the globe.
Altiostar already offers its suite of open virtual Radio Access Network (Open vRAN) functions on the Rakuten Communications Platform (RCP). RCP is a fully virtualized, cloud-native telco platform which allows customers to easily and quickly build secure and open mobile networks at lower cost. RCP offers telcos, enterprises and government customers a marketplace from which they can select technologies to empower deployment of a 4G or 5G mobile network on Open RAN.
The WilmerHale team advising Altiostar was led by Thomas Ward and Hal Leibowitz, and included Sam Rothberg, Korey Cowan, Jonathan Jones, Scott Kilgore, Matthew Schnall, Kimberly Wethly, Meghan Walsh, Caroline Dotolo, Hartmut Schneider, Gavin Tullis, Jason Chipman and Carla Gilbertson.