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Rakuten wants to become Japan's 4th wireless carrier

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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.

Tokyo

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...

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