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Rakuten Mobile, Inc. (commonly known as Rakuten Mobile) is a Japanese mobile network operator (MNO) headquartered in Setagaya, Tokyo. It is a wholly owned subsidiary of Japanese e-commerce giant Rakuten. Currently, Rakuten Mobile offers 4G [5] [6] and 5G [7] [8] services. In December 2023, it expanded into Europe launching a network in Germany.
By Anton Bridge. TOKYO (Reuters) - When Japan's Rakuten launched a mobile service network in 2020, the e-commerce and fintech giant promised to disrupt the world's third-largest telecoms market.
rakuten.com. Rakuten Group, Inc. (楽天グループ株式会社) ( Japanese pronunciation: [ɾakɯ̥teɴ]) is a Japanese technology conglomerate based in Tokyo, founded by Hiroshi Mikitani in 1997. Centered around the online retail marketplace Rakuten Ichiba, its businesses include financial services utilizing Fintech, digital content and ...
Rakuten Mobile was born in 2018 after Rakuten announcement of entry in the mobile business industry in 2017. In 2018 Rakuten is granted the 1.7 GHz band. By 2020 Rakuten Mobile started selling the first plan called Rakuten UN-LIMIT which uses 4.5 G and 5G technologies and relies on a Fully Virtualized Cloud Native Mobile Network to provide
TOKYO (Reuters) -Japan's Rakuten Group said on Thursday it set a price of 2,470 yen per share in a planned overseas sale of 24.5 million shares of Rakuten Bank worth 60.6 billion yen ($411.9 million).
The building out of the mobile network has resulted in massive debt and Rakuten has 627 billion yen ($4 billion) of outstanding bonds to be redeemed by the end of 2025, according to LSEG data.
Rakuten purchase and rebranding (2010–2020) In May 2010, Buy.com was acquired by Rakuten, Inc., the largest e-commerce retailer in Japan, for $250 million in cash. This was considered Rakuten's attempt to enter the American e-retail market, and to compete globally with e-commerce competitors such as Amazon.com and eBay.
Japanese e-commerce conglomerate Rakuten Group said on Wednesday that it will issue $1.8 billion of U.S. dollar-denominated 3-year senior notes at an interest rate of 11.25%. The fundraising will ...