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Rakuten makes first mobile foray into Europe as Japanese tech giant grapples with debt overhang

by Editor December 10, 2023, 4:15 am 1.8k Views

Rakuten makes first mobile foray into Europe as Japanese tech giant grapples with debt overhang

Rakuten CEO Hiroshi Mikitani attends the Rakuren Expo 2022 at Grand Prince Hotel Shintakanawa on July 21, 2022 in Tokyo, Japan.

Jun Sato | Wireimage | Getty Images

Rakuten and German telco 1&1 on Friday launched a mobile network based on a new type of architecture as the Japanese giant looks to boost its loss-making mobile division amid mounting debts.

The two companies said that it is Europe’s first “first fully virtualized 5G network based on…

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