Rakuten wants to become Japan's 4th wireless carrier
Fri, Dec 15, 2017 - 5:50 AM
Rakuten, worth some US$13.9 billion by market value, said it was preparing to raise as much as 600 billion yen by 2025 via interest-bearing debt such as bank borrowing to fund the move.
JAPANESE e-commerce firm Rakuten said it would apply for a 4G mobile licence, aiming to become the country's fourth major wireless carrier in a strategic shift that had analysts warning of an uphill battle to gain customers.
Rakuten, which operates one of Japan's most popular...