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IT services major <keyword id="43217" type="COMPANY" weightage="20" keywordseo="Tech-Mahindra">Tech Mahindra</keyword> on Wednesday said its subsidiary has divested over 18.5 million shares in <keyword id="6159839" type="COMPANY" weightage="20" keywordseo="altiostar-networks">Altiostar Networks</keyword> for USD 45 million (about Rs 331 crore) to <keyword id="9986581" type="UNKNOWN" weightage="20" keywordseo="rakuten-USA">Rakuten USA</keyword>, Inc. "Tech Mahindra (Americas) Inc - an 100 per cent subsidiary of Tech Mahindra Ltd - divested its holding of 18,518,518 C1 Preferred shares in Altiostar Networks," Tech Mahindra said in a regulatory filing. Given that it is a minority investment, there is no contribution to turnover/revenue/income and net worth by Altiostar Networks, Inc during last financial year, it added. "The buyer is Rakuten USA, Inc," the filing said, adding the consideration received from the sale is USD 45 million. <keyword id="7347799" type="PERSON" weightage="20" keywordseo="Rakuten-Mobile">Rakuten Mobile</keyword> and Tech Mahindra have also signed an agreement, where 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 RCP (Rakuten Communications Platform). Through the agreement, Tech Mahindra will also provide managed IT, security and network services to Rakuten Mobile, a statement said. There are also plans to designate Tech Mahindra as an official reseller of RCP, it added. "This first of its kind collaboration with Rakuten Mobile not only strengthens our existing partnership with them but will also enable us to drive innovation in the telecom space, provide enhanced customer experience and lead the transformation in mobile network technology from the forefront," Tech Mahindra Managing Director and CEO <keyword id="351287" type="PERSON" weightage="20" keywordseo="C-P-Gurnani">C P Gurnani</keyword> said. <keyword id="8861444" type="PERSON" weightage="20" keywordseo="mickey-mikitani">Mickey Mikitani</keyword>, Chairman, President and CEO of Rakuten Inc, said that with a common vision for digital transformation of the telecommunications industry, the company is very excited about the potential of the partnership with Tech Mahindra in bringing more agile, responsive and efficient services to customers around the world. SEE ALSO: <a href="https://www.businessinsider.in/science/space/news/jeff-bezos-blue-origin-is-eyeing-the-commercial-space-station-business-wants-nasa-as-one-of-its-first-customers/articleshow/78272862.cms">Jeff Bezos' Blue Origin is eyeing the commercial space station business — wants NASA as one of its first customers</a> <a href="https://www.businessinsider.in/science/space/news/school-bus-sized-asteroid-is-scheduled-to-make-its-closest-approach-to-earth-on-september-24/articleshow/78271529.cms">A school bus-sized asteroid will make its closest approach to Earth tomorrow — safely zooming past the planet</a> <a href="https://www.businessinsider.in/tech/enterprise/news/microsoft-acquires-exclusive-license-for-elon-musks-largest-gpt-3-ai-language-model/articleshow/78269391.cms">Microsoft acquires exclusive license for Elon Musk’s largest GPT-3 AI language model</a>

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

<ul class="summary-list"><li>The Taiwanese-based Chinese Professional Baseball League played its first game of the 2020 season on Sunday, a month after it was scheduled to do so. </li><li>The stands were empty, except for a crowd of mannequins and cardboard cutouts — some wearing printed-on protective masks.</li><li>To stay safe during the season, players are housed in dormitory-style housing and travel only between their housing and the stadium, according to NBC <keyword id="6355005" type="UNKNOWN" weightage="60" keywordseo="news">News</keyword>.</li><li>The game comes as Major League Baseball in the US is reportedly looking at how to get its season started sometime in the coming months.</li><li>"They've got to get back. They can't do this. Their <keyword id="6356028" type="UNKNOWN" weightage="100" keywordseo="sports">sports</keyword> weren't designed for it," President Trump said of major US sports leagues, like the <keyword id="133010" type="ORGANIZATION" weightage="60" keywordseo="MLB">MLB</keyword>, earlier this month.</li><li><a href="https://www.insider.com/?hprecirc-bullet">Visit Insider's homepage for more stories</a>.</li></ul>A Taiwanese baseball league played its first game of the 2020 season on Sunday without any live fans and instead filled its stadium seats with mannequins and cardboard cutouts.The Rakuten Monkeys squared off against the Chinatrust Brothers at the Monkeys' home stadium, the Taoyuan International Baseball Stadium in Taoyuan, <keyword id="46274" type="COUNTRY" weightage="60" keywordseo="Taiwan">Taiwan</keyword>. Players, stadium staff, and cheerleaders were all in attendance, but in deference to <keyword id="1754604" type="PERSON" weightage="60" keywordseo="coronavirus">coronavirus</keyword> social distancing recommendations, the stands remained people-free. Instead, cheerleaders snapped photos with fake human cardboard cutouts and mannequins, <a href="http://cpblstats.com/rakuten-monkeys-robot-mannequins-fans/">some of which were actually robots. </a>"Since we are not allowed to have any fans in attendance, we might as well have some fun with it," Rakuten Monkeys' general manager Justin Liu told <a href="http://cpblstats.com/rakuten-monkeys-robot-mannequins-fans/">CPBL Stats</a>. "We went with 500 robot mannequins to comply with the current CDC guideline."The game was broadcast live to fans who wanted to watch despite not being allowed in the stadium, according to <a href="https://nypost.com/2020/04/13/baseball-league-restarts-in-taiwan-with-robot-and-mannequin-fans-in-seats/">The New York Post</a>.The league's players are living in dorm-style housing and can only travel to and from the baseball stadium in order to keep them safe during the outbreak, according to an <a href="https://www.nbcnews.com/news/us-news/professional-baseball-back-taiwan-where-robots-will-be-spectators-n1180561">NBC News</a> report.The game had been scheduled to be played on Saturday but was delayed one additional day due to inclement weather. <div type="image" title="taiwan baseball" height="2266" width="3021" msid="75145703" hostid="261"></div>The start of the Chinese league's season comes as talks are reportedly underway in the US over how to <a href="https://www.insider.com/baseball-return-coronavirus-espn-arizona-2020-4">play games amid the ongoing pandemic</a>. The Major League Baseball season was supposed to start on March 26 <a href="https://deadline.com/2020/03/major-league-baseball-delays-opening-day-two-weeks-1202881389/">but was delayed</a> due to COVID-19. Reports suggest MLB will attempt to start the season sometime during the summer.At a press briefing on April 4, President Trump said he spoke with leading figures from the NFL, NBA, and MLB and expressed a desire to get teams playing again."They want to get back," Trump <a href="https://www.cbssports.com/nba/news/president-trump-holds-call-with-sports-commissioners-reportedly-hopes-to-have-fans-back-by-aug-or-sept/">said</a> of the leagues during the briefing. "They've got to get back. They can't do this. Their sports weren't designed for it. The whole concept of our nation wasn't designed for it. We have to get back. We want to get back soon."One plan would have all games played at Arizona spring training sites and at <a href="https://www.insider.com/mlb-insane-plan-baseball-twitter-2020-4">Chase Field, the Arizona Diamondbacks' home stadium,</a> according to an <a href="https://www.espn.com/mlb/story/_/id/29004498/mlb-union-focused-plan-allow-season-start-early-arizona">ESPN</a> report.Another plan would have games only played in Arizona and Florida, where MLB players undergo spring training exercises. The American and National Leagues would be ditched for a"total realignment of divisions," according to the report from <a href="https://www.usatoday.com/story/sports/mlb/columnist/bob-nightengale/2020/04/10/mlb-realignment-league-considers-radical-move-for-2020-season/5128935002/">USA Today</a>. Fans have called such plans "insane," according to a previous <a href="https://www.insider.com/mlb-insane-plan-baseball-twitter-2020-4">Insider</a> report.All plans under consideration have the MLB playing games in empty stadiums without fans.According to data from <a href="https://coronavirus.jhu.edu/map.html">Johns Hopkins University</a>, there have been 393 confirmed COVID-19 cases in Taiwan and six deaths from the disease. In the US, which has had the largest global outbreak of the novel coronavirus, the virus has infected 560,891 and killed 22,861.Read the original article on <a href="https://www.insider.com/taiwan-plays-baseball-game-in-empty-stadium-with-mannequins-2020-4">Insider</a>

Forget fans: Taiwan's baseball league played in a stadium filled with robot mannequins and cardboard cutouts, and it could be a sign of what's to come in the US

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

PTI

Forget fans: Taiwan's baseball league played in a stadium filled with robot mannequins and cardboard cutouts, and it could be a sign of what's to come in the US

Connor Perrett

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