Rakuten Announces Plan to Become the Fourth Mobile Operator in Japan; We Are Skeptical at This Stage
Rakuten’s website tells us that in Japanese, Rakuten stands for "optimism." We believe its plans to become the fourth operator in the Japanese mobile telecom market are optimistic, to say the least! The company plans to raise debt of a maximum of JPY 200 billion to build out a mobile network in Japan, which would launch in 2019, with peak debt funding planned to reach JPY 600 billion by 2025, before the mobile business becomes free cash flow positive and can begin to pay down the debt. The busin...SoftBank Group is a holding company. Domestic Telecommunications business provides mobile communication services, mobile devices, broadband services to retail customers, and telecom services to corporate customers in Japan. Sprint business provides mobile communication services and fixed-line telecommunication services in the U.S. Yahoo Japan business operates Internet-based advertising and e-commerce business. Distribution business distributes mobile devices overseas, and sells software and mobile device accessories in Japan. ARM business designs microprocessor intellectual property and related technology. SoftBank Vision Fund & Delta Fund business is engaged in the investment activities.
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