On August 8, Rakuten Group and Macquarie Asset Management announced that Rakuten Mobile will raise funds in the range of 150 billion to 300 billion yen by selling some telecommunications equipment and using the facilities under a lease agreement. Photo taken in Tokyo in May 2019 (2024 Reuters/Sam Nussey)
The term of the lease is 10 years. The money will be used for Rakuten Mobile’s working capital and capital investment fund.
Hiroshi Mikitani, president and CEO of Rakuten G, praised this initiative as “making it possible to build an even tougher financial structure.” He said he aims to quickly return to profitability while accelerating the trend of Rakuten Mobile’s earnings development.
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2024-08-08 10:27:00
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