Rakuten Mobile raises up to $2bn through a sale-leaseback deal with Macquarie and BCIMC for network expansion and working capital.

Rakuten Mobile, a Japanese telecom subsidiary of Rakuten Group, plans to raise up to $2bn through a sale-leaseback deal with Macquarie's Asia fund and Canadian pension manager British Columbia Investment Management. The consortium will invest in Rakuten Mobile's network assets, aiming to support the company's growth in its telecommunications business. The funds raised will be used for working capital and mobile capital expenditure.

August 08, 2024
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