TYO:4755

3 stories mentioning TYO:4755Updated 30d ago

Every FINWIRES story that references TYO:4755, newest first.

Market Chatter: Japan To Award 150 Billion Yen to Rakuten-Led Satellite Network Project

Tokyo is set to grant a Rakuten Group-led (TYO:4755) consortium 150 billion yen over three years to build a domestic low-Earth orbit satellite communications system, Nikkei Asia reported on Tuesday, citing unnamed sources.The internal affairs ministry is expected to formalize the decision shortly. Rakuten will collaborate with U.S.-based AST SpaceMobile to deploy a direct-to-handset satellite network across Japan, the publication said.Rakuten didn't immediately respond to MT Newswire's request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:4755

Asia37d ago

Market Chatter: Rakuten Teams with AST SpaceMobile in Satellite JV to Take on Rivals Using SpaceX

Rakuten Group (TYO:4755) is forming a roughly equal satellite joint venture with AST SpaceMobile this year, with Rakuten leading management, Nikkei Asia reported Wednesday, citing CEO Hiroshi Mikitani in a recent interview.The new venture will directly compete with Japan's three major carriers that rely on SpaceX technology, the news daily said.Mikitani told Nikkei that the investment would not be substantial and would not strain finances, although he did not disclose the amount.The satellite-to-smartphone service will launch in phases from late this year, reaching nationwide coverage in fiscal 2027, with potential global expansion through the new entity, the report added.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:4755

Asia104d ago

LG Uplus Signs Cooperation Agreement with Japanese Firms to Advance 6G, AI Collaboration

LG Uplus (KRX:032640) signed the Tokyo Accord with carriers such as NTT Docomo, KDDI, Rakuten (TYO:4755), and SoftBank (TYO:9434) at a Tokyo summit, the South Korean mobile network operator said in a Friday release.The cooperation agreement will establish a broader cooperation framework that will cover standardization and future business models that bring together 6G and AI, the release said.Shares of LG Uplus and SoftBank rose nearly 3% and 1% at market close, while those of Rakuten Group declined about 1%.

KRX:032640TYO:4755TYO:9434

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