Rakuten Mobile, Inc. is raising between JPY 150 billion to 300 billion through a sale and leaseback of its mobile network assets in partnership with Macquarie Asset Management to enhance its financial stability and accelerate profitability.

Information on the Target

Rakuten Mobile, Inc., a subsidiary of Rakuten Group, Inc., is undertaking a significant financial initiative aimed at raising between JPY 150 billion to 300 billion (approximately $1-2 billion) through a sale and leaseback of a portion of its mobile network assets. This initiative involves a consortium of global infrastructure investors, spearheaded by Macquarie Asset Management and includes British Columbia Investment Management Corporation, via the Macquarie Asia-Pacific Infrastructure Fund 3. The sale and leaseback transaction will allow Rakuten Mobile to maintain operational control over these mobile network assets while driving substantial capital to support its growth.

The funding initiative was announced on August 8, 2024, by Rakuten Group's Chairman and CEO, Mickey Mikitani. This partnership with Macquarie Asset Management underscores a strong belief in Rakuten's vision for the future of mobile telecommunications and signifies a crucial step towards achieving profitability and strengthening Rakuten Mobile's position as a leading mobile carrier in Japan.

Industry Overview in Japan

The telecommunications sector in Japan is highly competitive and evolving rapidly, driven by advancements in technology and increasing consumer demand for digital services. Japan has made significant commitments to revitalize its digital economy, making the telecom industry an attrac